GFC Manager

GFC Manager

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.

Key Responsibilities

Advises and directs the development and maintenance of financial crimes transaction monitoring models, and reviews relevant scenario management for conceptual soundness to ensure that regulatory requirements and operational risks are appropriately addressed

Produces and / or oversees independent financial crimes risk management business requirements, model roadmaps and strategies

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 7 years experience

Demonstrated awareness of financial crime risks inherent in banking products and services

Familiarity with transaction monitoring and screening controls and understanding of how alerts and typologies manifest

Understanding of how financial crime detection models operateability to interpret outputs, understand model limitations, and connect model behavior to business risk

Proven ability to work independently and collaboratively across business, compliance, and operations teams to assess and mitigate risk

Strong communication and analytical skills, with the capacity to explain complex financial crime concepts clearly to non-technical stakeholders

Skills

Critical Thinking

Monitoring, Surveillance, and Testing

Regulatory Compliance

Risk Management

Policies, Procedures, and Guidelines Management

Written Communications

Reporting

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.