Global Financial Crimes Executive - AML & Sanctions Risk Assessment

Company: Disability Solutions
Location: Charlotte
Posted on: November 11, 2024

Job Description:

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!Job Description: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 vendorsRequired 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 detailSkills:
    • 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 ManagementShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Winston-Salem , Global Financial Crimes Executive - AML & Sanctions Risk Assessment, Accounting, Auditing , Charlotte, North Carolina