GFC Manager - Global Markets
This job is responsible for executing substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.
Responsibilities include advising and directing the development and maintenance of financial crimes owned policies and standards, producing and/or overseeing independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders, monitoring changes in regulations applicable to Global Financial Crimes, participating in industry forums and monitoring regulatory expectations, escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees, identifying, aggregating, reporting, escalating, inspecting, and challenging the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes, and reviewing and challenging internal and external operational loss events.
Required skills include a minimum of 7 years experience, strong understanding of global markets products and services, awareness of financial crime risks specific to markets activities, understanding of money laundering and sanctions risks in trading and capital markets, knowledge of front-to-back trade flows, familiarity with client due diligence and counterparty risk assessments, working knowledge of regulatory and industry frameworks, conceptual understanding of surveillance and financial crime detection models, ability to connect business activity patterns to potential financial crime indicators, and proven ability to work independently and collaboratively across trading, compliance, risk, and operations functions.
Skills include critical thinking, monitoring, surveillance, and testing, regulatory compliance, risk management, issue management, policies, procedures, and guidelines management, strategy planning and development, written communications, external resource management, and reporting.
Shift: 1st shift (United States of America). Hours per week: 40.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.