Global Financial Crimes Executive – Risk Assessment Data Lead

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!
 

The Global Financial Crime (“GFC”) Executive I contributes to the direction and drives the development of enterprise-wide money laundering, economic sanctions, and fraud compliance and operational risk practices consistent with applicable laws, rules, regulations and regulatory guidance. The GFC Executive I serves as a trusted advisor to the Chief Compliance and Operational Risk (“C&OR”) Officers of the Front Line Units (“FLU”) and Control Functions (“CF”) for the company and to the leaders of the FLUs and CFs directly.

The Global Financial Crimes Executive – Risk Assessment Data Lead is a member of Bank of America’s Global Financial Crimes (“GFC") leadership team and is accountable for collection, aggregation, analysis and scoring of data in support of the Enterprise AML & Sanctions Risk Assessments, inclusive of Targeted Risk Assessments. 
 
The GFC Executive – Risk Assessment Data Lead must exercise judgment and demonstrate the ability to influence, challenge, and coordinate across peers on the Global Financial Crimes leadership team and across the First Line Units.

Responsibilities:

• Enhance the AML & Sanctions Risk Assessment data aggregation, analysis and scoring process and procedures for AML & Sanctions, to include Targeted Risk Assessments across all business units 

• Develop new Business Requirements Document in support of Enterprise AML & Sanctions Risk Assessment framework, inclusive of Targeted Risk Assessments 

• Execute annual and targeted AML & Sanctions Risk Assessments

Required Qualifications

• 10 years of experience in AML & Sanctions industry or experience in a related field 

• Direct experience leading AML & Sanctions Risk Assessment data gathering, aggregation and scoring. 

• Critical thinker with expertise in leveraging data to optimize decision-making 

• Expertise in AML & Sanctions risk management and compliance  

• Deep knowledge of AML & Sanctions and corresponding regulations 

• Track record of engaging and influencing senior executives  

• Demonstrated ability to overcome obstacles and resistance to drive change 

• Effectively package and communicate complex content and information 

• Systems-thinking and process thinking ability / Operational Excellence mindset 

• Demonstrates the ability to multi-task in fast-paced environment 

• Can operate with independence in ambiguous environment 

• Strong collaboration and people leadership skills 

• Organizational skills and attention to detail 

• ACAMS Certification 

Leadership Competencies:

• Engages and influences at the executive level, drives followership, and establishes and maintains collaborative partnerships

• Demonstrates strategic thinking skills to envision new and better ways of doing things

• Translates strategies into highly pragmatic solutions that meet the needs of multiple stakeholder groups across a large, global organization

• Builds and leverages enterprise knowledge and relationships to drive impact and results

• Navigates complexity; thrives in a highly matrixed environment

• Demonstrates sound judgment

• Fosters an environment that welcomes feedback, encourages debate and engages and teammates at all levels in the organization

• Creates and articulates a well-informed point of view at all levels of the company, even if it is in contrast with others

Skills:

• Regulatory Compliance

• External Resource Management

• Strategy Planning and Development

• Change Management

• Decision Making

• Issue Management

• Policies, Procedures, and Guidelines Management

• Talent Development

• Risk Management

• Written Communications

• Fraud Management

• Investigation Management

• Coaching

• Inclusive Leadership
   

Shift:

Hours Per Week: