Global Financial Crimes Specialist - Quality Control

Role Description

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that 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 Policies and the Enterprise Fraud Risk Management Standards.

Responsibilities

Activities this role performs include, but are not limited to:

Perform quality control (QC) tests to ensure AML and Fraud investigations are completed in accordance with regulatory requirements and internal procedures.

Review and scoring of simple to complex AML and fraud cases for GFC Non-US Investigations; evaluation of any errors/discrepancies and document findings in a timely matter.

Supports 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

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

Assists in the monitoring of 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

Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments

Supports with escalating financial crimes-related compliance and operational risks and issues to appropriate governance routines, management/board level committees

Identifying and tracking any required remediation actions and ensuring timely documentation.

Maintain and update QC procedures to align with regulatory and internal standards.

Respond to audit-related queries and provide necessary documentation.

Prepare and deliver monthly QC reports in a timely manner with accurate findings and recommendations.

Provide training and guidance to relevant stakeholders, including QC Associates, Investigators, QA teams, and MLROs, as needed.

Required Qualifications

Demonstrated business and functional experience in AML or fraud

Degree required: Bachelor’s or equivalent experience

Confident working within global policies, procedures and risk management guidelines

Strong organisational skills, time management, and attention to detail

Desired Qualifications

AML experience reviewing cases in broker dealer, global financial crimes and/or terrorist financing

Excellent Microsoft Office skills including Excel, Powerpoint, Word and Access

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

“We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.”

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.