Global Financial Crimes Specialist

Employer
Bank of America
Location
Washington, DC
Posted
Jun 09, 2021
Closes
Jun 11, 2021
Ref
2038398462
Function
Accountant, IT
Hours
Full Time
Job Description:The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management ("CORM") Program, the Financial Crimes and Global Compliance -- Enterprise Policies ('GC Policy"), and the Enterprise Fraud Risk Management Standards.The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.Activities this role performs include, but are not limited to:Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routinesAssists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressedAssists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventoryAssists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimesAssists in the escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committeesAssists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timelyContributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates resultsReviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controlsSupports Scenario Analysis activities for coverage areas and challenges as appropriateAssists with the development of risk metrics, monitors related performance and breach remediationAssists in the filing of all regulatory reports for the Company related to Financial CrimesCreate and maintain a regulatory inventory.Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.Conduct risk assessments, scenario analysis, and ops loss analysisContribute to monitoring and testing coverage plans and related metrics.Contribute to the identification, collection, validation and recording of internal loss events and "near misses". Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.Contribute to identification, review and documentation of relevant external loss events.Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.Execute governance and management routines.Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.Identify compliance and operational risk training needs and inspect Front Line Unit ("FLU"), Control Function ("CF") and third party participation for Financial Crimes.Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.Inspect that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed.Escalate regulatory relations concerns to GFC Compliance Manager or Executive. This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team. This role may have Money Laundering Reporting Officer responsibilities. Global Financial Crimes (GFC) Specialist on the Financial Crimes Behavioral Analytics Team. The Financial Crimes Analytics section is focused around identifying new and emerging finical crimes risks within Bank of America. The Behavioral Analytics team is specifically focused on the behavioral analysis, identification, and escalation of high-risk clients and potential financial crimes networks. Successful candidate will be involved in identifying the financial crimes risk through research and data analytics in GFC and Line of Business systems, creating effective methods to mitigate the risk, and providing advice and guidance on long-term solutions to ensure regulatory coverage over global financial crimes risks. Additional responsibilities include maintaining advanced manual surveillance routines over identified risks, coordinating with investigations teams on new cases and products, creating and briefing analytical products, and coordinating requirements for technology development with the Chief Data Scientist Organization. Acceptable candidate must be a highly-experienced self-starter able to work on projects independently or as part of a larger group. Required Skills5+ Years of AML or counter-threat finance experience in Banking, Law Enforcement, Intelligence Community, Government, or MilitaryDeep understanding of financial crimes typologies, to include trade-based money laundering, terror financing, environmental crime, and proliferation financingExperience in conducting complex, network-focused financial crimes intelligence analysis and investigationsCapable of mentoring others in the areas of counter-threat finance, anti-money laundering, and countering the financing of terrorismMust be a self-motivated worker who is comfortable and effective working with varying levels of guidance Proficient in Microsoft Office Products Desired skills5+ years of experience actively working financial crimes cases with US and international law enforcement5+ years of experience actively working in the US counter-threat finance communityExpertise in US and international sanction programsExpertise in financial crimes related to domestic and international narcotics trafficking networks Job Band:H5Shift: 1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description:The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management ("CORM") Program, the Financial Crimes and Global Compliance -- Enterprise Policies ('GC Policy"), and the Enterprise Fraud Risk Management Standards.The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.Activities this role performs include, but are not limited to:Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routinesAssists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressedAssists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventoryAssists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimesAssists in the escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committeesAssists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timelyContributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates resultsReviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controlsSupports Scenario Analysis activities for coverage areas and challenges as appropriateAssists with the development of risk metrics, monitors related performance and breach remediationAssists in the filing of all regulatory reports for the Company related to Financial CrimesCreate and maintain a regulatory inventory.Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.Conduct risk assessments, scenario analysis, and ops loss analysisContribute to monitoring and testing coverage plans and related metrics.Contribute to the identification, collection, validation and recording of internal loss events and "near misses". Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.Contribute to identification, review and documentation of relevant external loss events.Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.Execute governance and management routines.Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.Identify compliance and operational risk training needs and inspect Front Line Unit ("FLU"), Control Function ("CF") and third party participation for Financial Crimes.Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.Inspect that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed.Escalate regulatory relations concerns to GFC Compliance Manager or Executive. This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team. This role may have Money Laundering Reporting Officer responsibilities. Global Financial Crimes (GFC) Specialist on the Financial Crimes Behavioral Analytics Team. The Financial Crimes Analytics section is focused around identifying new and emerging finical crimes risks within Bank of America. The Behavioral Analytics team is specifically focused on the behavioral analysis, identification, and escalation of high-risk clients and potential financial crimes networks. Successful candidate will be involved in identifying the financial crimes risk through research and data analytics in GFC and Line of Business systems, creating effective methods to mitigate the risk, and providing advice and guidance on long-term solutions to ensure regulatory coverage over global financial crimes risks. Additional responsibilities include maintaining advanced manual surveillance routines over identified risks, coordinating with investigations teams on new cases and products, creating and briefing analytical products, and coordinating requirements for technology development with the Chief Data Scientist Organization. Acceptable candidate must be a highly-experienced self-starter able to work on projects independently or as part of a larger group. Required Skills5+ Years of AML or counter-threat finance experience in Banking, Law Enforcement, Intelligence Community, Government, or MilitaryDeep understanding of financial crimes typologies, to include trade-based money laundering, terror financing, environmental crime, and proliferation financingExperience in conducting complex, network-focused financial crimes intelligence analysis and investigationsCapable of mentoring others in the areas of counter-threat finance, anti-money laundering, and countering the financing of terrorismMust be a self-motivated worker who is comfortable and effective working with varying levels of guidance Proficient in Microsoft Office Products Desired skills5+ years of experience actively working financial crimes cases with US and international law enforcement5+ years of experience actively working in the US counter-threat finance communityExpertise in US and international sanction programsExpertise in financial crimes related to domestic and international narcotics trafficking networks Job Band:H5Shift: 1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description: The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management ("CORM") Program, the Financial Crimes and Global Compliance -- Enterprise Policies ('GC Policy"), and the Enterprise Fraud Risk Management Standards.The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.Activities this role performs include, but are not limited to:Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routinesAssists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressedAssists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventoryAssists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimesAssists in the escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committeesAssists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timelyContributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates resultsReviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controlsSupports Scenario Analysis activities for coverage areas and challenges as appropriateAssists with the development of risk metrics, monitors related performance and breach remediationAssists in the filing of all regulatory reports for the Company related to Financial CrimesCreate and maintain a regulatory inventory.Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.Conduct risk assessments, scenario analysis, and ops loss analysisContribute to monitoring and testing coverage plans and related metrics.Contribute to the identification, collection, validation and recording of internal loss events and "near misses". Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.Contribute to identification, review and documentation of relevant external loss events.Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.Execute governance and management routines.Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.Identify compliance and operational risk training needs and inspect Front Line Unit ("FLU"), Control Function ("CF") and third party participation for Financial Crimes.Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.Inspect that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed.Escalate regulatory relations concerns to GFC Compliance Manager or Executive. This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team. This role may have Money Laundering Reporting Officer responsibilities. Global Financial Crimes (GFC) Specialist on the Financial Crimes Behavioral Analytics Team. The Financial Crimes Analytics section is focused around identifying new and emerging finical crimes risks within Bank of America. The Behavioral Analytics team is specifically focused on the behavioral analysis, identification, and escalation of high-risk clients and potential financial crimes networks. Successful candidate will be involved in identifying the financial crimes risk through research and data analytics in GFC and Line of Business systems, creating effective methods to mitigate the risk, and providing advice and guidance on long-term solutions to ensure regulatory coverage over global financial crimes risks. Additional responsibilities include maintaining advanced manual surveillance routines over identified risks, coordinating with investigations teams on new cases and products, creating and briefing analytical products, and coordinating requirements for technology development with the Chief Data Scientist Organization. Acceptable candidate must be a highly-experienced self-starter able to work on projects independently or as part of a larger group. Required Skills5+ Years of AML or counter-threat finance experience in Banking, Law Enforcement, Intelligence Community, Government, or MilitaryDeep understanding of financial crimes typologies, to include trade-based money laundering, terror financing, environmental crime, and proliferation financingExperience in conducting complex, network-focused financial crimes intelligence analysis and investigationsCapable of mentoring others in the areas of counter-threat finance, anti-money laundering, and countering the financing of terrorismMust be a self-motivated worker who is comfortable and effective working with varying levels of guidance Proficient in Microsoft Office Products Desired skills5+ years of experience actively working financial crimes cases with US and international law enforcement5+ years of experience actively working in the US counter-threat finance communityExpertise in US and international sanction programsExpertise in financial crimes related to domestic and international narcotics trafficking networks Shift:1st shift (United States of America) Hours Per Week: 40

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