Global Financial Crimes Specialist - Governance & Reporting in Chester

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices.

Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.

Key Responsibilities

• Assists with maintenance of Non-US financial crimes investigations processes, ensuring risks are managed through robust controls and metrics which provide robust monitoring of performance.
• Drives change to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
• Assists with the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Supports the Non-US financial crimes investigations case inventory, ensuring adherence to enterprise and local Laws, Rules, and Regulations
• Contributes to change through governance routines, escalating to management/board level committees as appropriate
• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Facilitates requests for information concerning Non-US financial crimes investigations from internal and external Bank of America stakeholders as required.
• Continuous focus on operational excellence of the end-to-end processes of existing programs
• Manages Reporting and analysis of program data and overall performance with teams, vendors, and partners
• Supports the development, preparation, analysis, and monitoring of key metrics to ensure effective performance measurement and operational oversight, including developing go-to-green remediation plans.
• Provides oversight and prepares management reports to track inventory aging, productivity and capacity planning, including building dashboards, monitoring performance trends, escalating threshold breaches and remediation plan.
• Supports governance and oversight routines, including risk escalation, contributing to audits and regulatory exam preparations, and collaboration with stakeholders to address control issues.
• Key Skills
• May have SPOC responsibilities
• Critical Thinking
• Monitoring, Surveillance, and Testing
• Excellent communication and report-writing abilities, including ability to communicate with stakeholders globally
• Strong organizational skills, time management, and attention to detail
• Excellent Microsoft Office skills including Excel, Powerpoint, Word and Access
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Reporting
• Talent Development, Proven business and functional experience
• Degree required: Bachelor's or equivalent experience

About the Company

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!, Find us in the city of Chester, a destination renowned for its culture, history, and beauty.

Working at Bank of America Chester offers a far‑reaching global career for a world‑renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Benefits

• At Bank of America, we strive to prioritise employees' health and wellbeing - it's what makes us a Great Place to Work.
• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back‑up childcare including access to school holiday clubs and 20 days of back‑up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men's health, women's health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America Good conduct and sound judgment is crucial to our long term success.

It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk.

Individual accountability and an ownership mind‑set are the cornerstones of our Code of Conduct and are at the heart of managing risk well. "We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability.

The Bank selects candidates for interview based on their skills, qualifications and experience." We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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