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!

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.

The Global Financial Crimes (GFC) Business Controls Manager is responsible for leading and executing on internal control discipline and operational excellence in the GFC organization. Key responsibilities include overseeing and managing the GFC Risk Program, which includes oversight and execution of the Global Compliance and Operational Risk (GCOR) program, policy and procedures, audit and regulator exams, quality and timely issues remediation, process and control environment, monitoring and testing, governance, third parties, and overall operations of the GFC organization.

Responsibilities:

• Provide business control expertise for the Global Financial Crimes organization with a focus on strong and proactive risk management

• Overseeing the implementation and execution of GFC risk management processes, ensuring compliance with program requirements, regulatory standards, and fostering a culture of accountability and proactive risk management across the organization

• Assist in the preparation, coordination and execution of regulatory examinations and audits and assist as necessary with responses related to team responsibilities

• Partner effectively with GFC, GCOR and other Enterprise partners to ensure alignment of expectations and execution

• Provide oversight and governance on the GFC process and control environment, ensuring processes are documented accurately and in alignment with the Enterprise Process Management Policy and Standards

• Escalate risks timely and appropriately. Develop solutions and deliver mitigating actions in support of risk reduction efforts

• Develop and maintain reports and routines to measure the effectiveness of the GFC Program and control environment

• Lead execution strategies and efforts to address regulatory feedback

• 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 7 years of experience in financial crimes, financial services industry or related field, e.g., Business, Compliance and Risk Management, and/or Policy Management.

• Bachelor’s degree or equivalent work experience; professional certifications (e.g., CAMS, CFE) preferred.

• Able to partner effectively within the team and across the organization to deliver needed results

• Ability to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraints

• Strong organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests

• Proven verbal and written communication and presentation skills, including the ability to effectively convey complex information to stakeholders

• Strong analytical skills

• Ability to work under pressure, calmly within tight deadlines and escalate appropriately

• Able to develop and maintain good working relationships

• Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance

• Experience/knowledge of Global Compliance and Operational Risk and/or Global Financial Crime risk management programs

• Knowledge of anti-money laundering (AML) and related AML legislation

Desired Qualifications:

• Bachelor’s Degree in related field

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

• Certified Anti-Money Laundering Specialist (CAMS)

Skills:

• Regulatory Compliance

• Monitoring, Surveillance, and Testing

• Critical Thinking

• Risk Management

• Issue Management

• Policies, Procedures, and Guidelines Management

• Strategy Planning and Development

• Coaching

• Written Communications

• Reporting

• External Resource Management

• Talent Development

Preferred Technical Skills:

• Risk Identification & Assessment

• Issues Management & Resolution

• Line of Business (LoB) Products, Services & Acumen

• Risk Governance & Reporting

• Financial Crimes Risk Programs

• Credible Challenge

• Regulatory Knowledge

• Risk Control & Mitigation

• Financial Crimes Compliance Risk Principles

• Process Management & Inventory

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CA - Simi Valley - 450 AMERICAN ST (CA6921)

Pay and benefits information

Pay range

$103,000.00 - $165,300.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.