Private Bank Financial Crimes Business Control Manager
Charlotte, North Carolina;Atlanta, Georgia; Jacksonville, Florida; Houston, Texas
Job Description:
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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
The Financial Crimes Business Control Manager will report to the Private Bank Supervision Executive and will be part of an integrated leadership team focused on managing the Financial Crimes Customer Due Diligence program within the Private Bank. This includes working with leadership across the Private Bank, GWIM, GFC and BAC to manage critical AML program activities, lead initiatives and partner closely with Private Bank field leadership, client teams, and support partners.
The position requires demonstrated expertise in Financial Crimes compliance including onboarding and maintenance requirements, and training experience. Ability to independently identify, assess and debate risks within the business, formulate action plans to address and mitigate risks and proactively improve policies, procedures, and process flows for the FLU.
Responsibilities:
Oversight of the Onboarding and Maintenance requirements with focus on enhanced due diligence for higher risk clients:
Routine inspection of processes, risk, and controls for existing and new Global Financial Crimes Requirements
Identification, management, and timely resolution of process issues and improvements
Oversight of technology solutions and implementation
Maintaining robust Customer Due Diligence related processes and oversight routines
Oversight of FLU Training development and implementation
Collaborate across PB, GWIM, the Bank, and support functions such as Technology and Operations to ensure seamless identification and resolution of breached metrics, non-performing processes, red flags and client issues
Lead and provide support for FC related supervision and oversight initiatives for the Private Bank.
Update relevant PB policies / procedures to ensure they reflect regulatory requirements and Bank standards
Leads the assessment of the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
Performs monitoring and testing of controls, identifying issues and control improvements for remediation
Leads the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
Manages the performance and productivity of team members that conduct quality inspection reviews
Ensures timely execution of QA activities including control execution, case management, and results reporting
Manages and reviews all operations front line unit responses for regulatory exams, internal audits, and other monitoring and inspection reviews
Ensures accuracy of data and that relevant information is captured for inspection metrics to support governance for dashboard reporting
Key Skills:
Subject matter expertise in financial crimes regulations and regulatory landscape. Strong understanding of Bank Secrecy Act/Anti-Money Laundering, Sanctions (i.e. OFAC) regulatory requirements is an advantage.
Strong, demonstrated project management capabilities – ability to connect across the line of business and Bank, influence, tell the story and present to senior leadership
Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives
Excellent interpersonal skills
Fosters an inclusive and integrated approach to leading high performing teams
Ability to work independently and prioritize multiple projects/requests
Highly organized with strong attention to detail
Proven strong communication skills (both written and oral)
Proven analytical mindset and quantitative capabilities, with some experience working with large data sets
Excellent Excel, Power Point and Microsoft Word proficiency
Desired Skills:
BA/BS degree or comparable experience
5+ Years working in anti-money laundering, compliance, audit, risk, or a process/controls focused position
10+ years of financial services industry experience
Certified Anti-Money Laundering Specialist (CAMS) certification preferred.
Knowledge of the broader GWIM and BAC organization and ability to influence across lines of business, support and control partners
Preferred skills with Visio and creating process maps
Ability to establish partnerships across the organization
Skills:
Controls Management
Oral Communications
Risk Management
Stakeholder Management
Strategy Planning and Development
Continuous Improvement
Drives Engagement
Influence
Strategic Thinking
Talent Development
Data and Trend Analysis
Decision Making
Monitoring, Surveillance, and Testing
Problem Solving
Quality Assurance
Shift:
1st shift (United States of America)
Hours Per Week:
40
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