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Financial Crimes Manager - Crypto / Digital Assets

Charlotte, North Carolina;Dallas, Texas; Chicago, Illinois; Atlanta, Georgia

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Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices forCrypto Currency, Digital Assets, and Payments within the Global Payment Solutionsbusiness. Key responsibilities include working directly or through the emerging risk, compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

Responsibilities:

+ Advises and directs the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed

+ Produces and/or oversees independent financial crimes risk management reporting to Global Financial Crimes senior leadership

+ Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed

+ Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks

+ Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

+ Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes

+ Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Additional Job Specific Responsibilities:

+ Leads discussions with FLU, GCOR and GFC partners to analyze business processes, internal controls, client behavior and transaction trends

+ Recommends changes to financial crimes standards, and review relevant Front Line Units/Control Functions-owned procedures (or like documents) to identify potential issues in meeting regulatory requirements and operational risks for resolution

+ Contribute to the creation and implementation of GFC Coverage Plan which defines the scope of coverage for GB/GM

+ Produces and/or oversees financial crimes risk management reporting to senior leaders within the business and global risk environment

+ Establish, monitor and report on GFC and FLU metrics that are reflective of key risks within the areas of coverage

+ Monitor regulatory changes applicable to Global Financial Crimes

+ Engage with relevant GFC partners to drive thematic reviews of key risk areas and develop/enhance GFC automated detection tools designed to identify potentially suspicious activity as per regulatory guidance

+ Advise FLU senior leaders on key regulatory developments in BSA/AML laws, rules and regulations

+ Design monitoring and testing routines and reporting to identify potential AML risks and/or control weaknesses

+ Evaluates the risk of assigned financial-crimes related issues, monitors progress and provides no objection to action plans and closure activities.

+ Conduct targeted risk assessments, threat assessments and process understandings to identify new or emerging financial crimes risks

+ Advise Key leaders in client selection processes to guide FLUs on potential financial crimes impacts

+ Perform review and challenge of SPI and ensure FLU executes on challenges and/or issues raised

+ Engage directly with Audit to provide advice and guidance on FLU Audits and respond to Audit requests and inquiries

+ Participate in Regulatory Meetings and Exams to provide Risk Manager perspective on critical issues

+ Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks

+ Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

+ Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes

Skills:

+ Critical Thinking

+ Monitoring, Surveillance, and Testing

+ Regulatory Compliance

+ Risk Management

+ Coaching

+ Issue Management

+ Policies, Procedures, and Guidelines Management

+ Strategy Planning and Development

+ Written Communications

+ External Resource Management

+ Reporting

+ Talent Development

Preferred Technical Skills:

+ Risk Identification & Assessment

+ Issues Management & Resolution

+ Line of Business (LoB) Products, Services & Acumen

+ Financial Crimes Risk Programs

+ Enhanced Due Diligence

+ Credible Challenge

+ Customer Due Diligence

+ Regulatory Knowledge

+ High Risk Activities & Typologies

+ Financial Crimes Compliance Risk Principles

Required Qualifications:

+ Minimum of 7 years of relevant experience in financial services industry, risk management, AML compliance, regulatory compliance, operational risk management, business risk & controls, or experience in related field

+ Knowledge of anti-money laundering (AML) and related AML legislation

+ Bachelor’s Degree or equivalent experience

Desired Qualifications:

+ Bachelor’s Degree in related field

+ Expert knowledge of the Crypto/Digital Asset space

+ Experience in financial services and/or a related government entity

+ Certified Anti-Money Laundering Specialist (CAMS)

+ Experience and strong ability to work in a fast-paced, high-pressure environment and manage multiple priorities effectively

+ Strong leadership and decision-making capabilities

+ Ability to influence and drive change across the organization

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.