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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 Risk Management Executive serves as a direct report to the Global Financial Crimes Executive – Consumer, Small Business & Merchant Services (CSBB) and is a member of Bank of America’s Global Financial Crimes (“GFC") leadership team. This executive is accountable for oversight of the Consumer and Small Business AML & Sanctions program and ensures the First Line Unit is adhering to AML & Sanctions Policy, Program and Standards.
The GFC Risk Management Executive 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 Unit. The executive will be responsible for a range of deliverables including leading the Enterprise AML & Sanctions Risk Assessment Process and ad hoc AML & Sanctions advisory to the CSBB business.
Responsibilities:
Update and overhaul Risk Assessment Methodology and Process for AML & Sanctions, to include Targeted Risk Assessments across all business units
Lead Enterprise AML & Sanctions Risk Assessments across all business units
Provide subject matter expertise to Consumer, Small Business business unit
Serve as liaison to key Compliance partners
Ensure policies and standards are up to date
Key Risk Inventory (KRI) and Key Performance Indicator (KPI) management
Oversight of Global Financial Crimes vendors
Required Qualifications
10+ years of experience in AML & Sanctions industry or experience in a related field
Direct experience leading AML & Sanctions Risk Assessments
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
Skills:
Change Management
Decision Making
External Resource Management
Regulatory Compliance
Strategy Planning and Development
Issue Management
Policies, Procedures, and Guidelines Management
Risk Management
Talent Development
Written Communications
Coaching
Fraud Management
Inclusive Leadership
Investigation Management
Shift:
1st shift (United States of America)Hours Per Week:
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