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Global Financial Crimes Manager - Economic Sanctions

Charlotte, North Carolina, United States;Dallas, Texas; Jacksonville, Florida; Plano, Texas

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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!

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

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

Responsibilities:

+ Provide leadership and oversight for sanctions screening tools used in transaction and customer screening, ensuring optimal performance and adherence to compliance standards.

+ Drive governance processes to support the onboarding new screening lists, defining screening list rules, and ensuring appropriate list applicability across all sanctions screening technologies.

+ Collaborate with cross-functional teams to maintain accurate data mapping, lineage tracing, and integrity checks within sanctions screening systems.

+ Monitor, test, and report on tool performance metrics and control effectiveness, leveraging data analytics to identify trends and improvement opportunities.

+ Support program management and change management for initiatives impacting sanctions screening technology, ensuring milestones, deliverables, and risk management are tracked and communicated.

+ 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 Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders

+ 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

Required Qualifications:

+ Minimum of seven years of relevant experience

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

+ Prior people management experience

+ Experience in data analysis, data governance, or technology systems

+ Ability to work independently and self-manage even with multiple high priority competing tasks

+ Strong oral and written communication skills, including the ability to communicate effectively with leadership, Compliance, Risk, and Audit, on a regular basis in a clear and concise manner

+ Effective project manager who can lead and execute with a positive, energetic attitude

+ Highly organized and detail oriented

Desired Qualifications:

+ Bachelor’s Degree in related field

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

+ Certified Anti-Money Laundering Specialist (CAMS)

+ Experience in data analysis, data governance, or technology systems (financial services preferred).

+ Familiarity with sanctions screening tools and compliance processes.

+ Strong analytical skills and ability to work across multiple teams.

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:

+ Data Analysis, Interpretation & Decisioning

+ Issues Management & Resolution

+ Risk Identification & Assessment

+ Risk Monitoring & Testing

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

+ AML Regulatory Knowledge

+ Enhanced Due Diligence

+ Financial Crimes Risk Principles

+ Threat Assessment

+ Legal Expertise

+ Policy Analysis and Development

+ Political Awareness

+ Sanctions Principles

+ Screening Process Adherence

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.

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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.