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.

Global Economic Sanctions (GES) Program Manager contributes to the direction and drives the development of the enterprise-wide economic sanctions program consistent with applicable laws, rules, regulations, and regulatory guidance. The GES Program Manager 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. 

Responsibilities:

• Directs and oversees the identification, mitigation, and reporting of risks related to financial crimes, to include risks of non-compliance with laws, rules, and regulations and the operational risks associated with people, processes, systems, and external events

• Provides insight into the identification, aggregation, reporting, remediation and thematic analysis of front line unit/control function-owned issues and control enhancements related to financial crimes processes

• Escalates and provide guidance into financial crimes risks through the appropriate governance routines, including management/board level committees

• Monitors the external environment for regulatory change and provide updates to policies, processes, procedures, and internal controls

• Directs and oversees the development and maintenance of a global coverage plan that defines the scope and risk-based focus of global financial crimes risk management activities

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Breaks down barriers to create a more inclusive environment that supports company D&I goals

• Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations

• Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success

• Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization

• Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance

• Efficiently allocates and manages resources across the organization to drive short and long term profitability

• Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs

• Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage

Required Qualifications:

• 8+ years of executive level experience in AML/Sanctions compliance or equivalent

• Experience with U.S., and ideally also with international, sanctions interpretation, due diligence, alert review, issue management, and regulatory engagement

• Executive level and Board level communication experience

• Experience interacting and problem solving effectively with business executives, counsel, and industry groups

• Experience leading teams and initiatives

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: 

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