Global Financial Crimes Specialist page is loaded
Global Financial Crimes Specialist
Apply locations Pennington Phoenix Charlotte time type Full time posted on Posted 2 Days Ago job requisition id 24011146
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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:
This role is responsible for supporting the execution of the Company's Global Financial Crimes (GFC) Program with a focus on reviewing activity in Merrill Lynch/Private Bank/Consumer Investments or Global Operations (ML/PB/CI and GWIM Ops). Key responsibilities include working closely with Global Financial Crimes executives and managers to support 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 Policy and Standards.
This individual will use various tools and data analytics skills to learn to detect, escalate and report potentially suspicious activity and manage the business of money laundering risk. This individual will be trained to identify potential trends and themes to further enhance the GFC’s financial crimes oversight of compliance and operational risk.
Responsibilities:
* Partner with business, operations and risk management teams to analyze business processes, internal controls, client behavior and transaction trends
* Identify potentially suspicious broker-dealer activity such as insider trading, market abuse/market manipulation and potentially unusual trading activity
* Participate in ad-hoc projects related to regulatory inquiries, trading and market moving news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations
* Engage with the Financial Crimes Analytics Team to assist in the enhancement/development/build of GFC surveillance tools designed to identify/detect potentially suspicious activity associated with regulatory guidance issues by the SEC and FINRA
* Develop and execute monitoring routines and evaluate test results to identify potential trends, patterns or gaps in GFC oversight of the Global Financial Crimes Program
* Perform data analysis to assess front line unit (FLU) controls and identify opportunities improve the FLU control environment
* Conduct risk assessments, threat assessments and process understandings to identify new or emerging financial crimes risks
* Evaluate client selection, transaction monitoring and relationship closure recommendations and learn to communicate findings to senior leaders in order to influence business practices
* Assist in the production of independent financial crimes risk management reporting
Skills:
* Critical Thinking
* Monitoring, Surveillance, and Testing
* Regulatory Compliance
* Risk Management
* Issue Management
* Policies, Procedures, and Guidelines Management
* Written and Oral Communications
* Presentation and Reporting Skills
Required Qualifications:
* Bachelors’ degree or equivalent years of experience
* 5+ Years working in anti-money laundering, compliance, audit, risk or a process/controls focused position
Desired Qualifications:
* Financial Services and/or related government entity
* 1+ years of investment experience/work or good knowledge of investments/securities products and services.
* Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists
* Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance
* Strong personal drive, attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
* Proven process design and project management skills
* Proficient in Microsoft Office Products including advanced knowledge of Excel
* Broker/Dealer industry experience
Shift:
1st shift (United States of America)
Hours Per Week:
40
Similar Jobs (12)
Global Financial Crimes Specialist/Project Manager
locations Charlotte time type Full time posted on Posted 3 Days Ago
Global Financial Crimes GFC Specialist
locations 4 Locations time type Full time posted on Posted 30+ Days Ago
Global Financial Crimes Issues Oversight Specialist
locations 3 Locations time type Full time posted on Posted 2 Days Ago
Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:
1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
2. Think about why you can do the job and make a list of your skills that are relative to the job.
3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.
4. Summarize your abilities, accomplishments and skills into a brief, concise document.
Considerations when writing a resume
• Do be brief. Resumes should be 1-2 pages in length.
• Do be upbeat and active in your wording.
• Do emphasize what you have done clearly and concretely.
• Do be neat and well organized.
• Do have others proofread and critique your resume. Spell check. Make it error free.
• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.
• Don't be dishonest, always tell the truth about yourself in the most flattering light.
• Don't include salary history or requirements.
• Don't include references.
• Don't include accomplishments that do not support your professional goals.
• Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
• Don't use italics, underlining, shadows or other fancy treatments.
Seven steps to a successful interview
1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr