Bank of America Glbl Fin Crimes Compl Spec in Charlotte, North Carolina

Job Description:

The Global Financial Crimes Compliance (“GFCC”) Specialist under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (“ CRM”) Program and the Financial Crimes and Global Compliance Enterprise Policies ("GC Policy”):

  • Create and maintain a regulatory inventory.

  • Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.

  • Conduct compliance risk assessments.

  • Contribute to monitoring and testing coverage plans and related metrics.

  • Monitor and test the effectiveness of the front line unit and control function compliance risk controls.

  • Execute governance and management routines.

  • Identify aggregate, report and escalate compliance risks, issues and control enhancements.

  • Identify compliance 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 GFCC 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.

This role in the US Global Banking and Markets AML Risk Management team will provide program management support, including risk assessments, monitoring and testing, issue management and assisting with regulatory efforts and action plans.

Required Skills:

  • Highly analytical and inquisitive, organized and possessing of decision-making skills related to AML compliance risk management.

  • Familiarity with global transaction services products

  • Ability to effectively identify, articulate and escalate matters of AML concern to management and lines of business officers and risk partners, up to and including the recommendation to close a client relationship.

  • Excellent verbal and written communication skills.

  • Flexible with the ability to adapt to change and take initiative to complete job requirements while balancing competing workload requirements including pressures of deadlines.​

Desired Skills:

  • Previous financial crimes and general compliance experience

  • CAMS certification

Posting Date : 08/23/2017

Location : US-NC-Charlotte

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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