Vice President; Global Financial Crimes Manager
Company: Disability Solutions
Location: New York
Posted on: October 24, 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!Responsibilities:
- Monitor the changes in regulations applicable to Global
Financial Crimes, including advising business leaders on those
changes.
- Amend policies, standards, procedures and/or processes to
address regulatory requirements, and challenging the Front Line
Unit implementation plan as needed.
- Identify, report, escalate, challenge the remediation and
thematic analysis of Front Line Unit/Control Function-owned issues
and control enhancements related to financial crimes.
- Participate in the development and maintenance of the global
financial crimes coverage plan which defines the scope and
risk-based focus of the second line's risk management activities
and/or oversee execution of monitoring, testing, and risk
assessments, communicate results.
- Create and develop custom SharePoint Pages to support
regulatory change and non-financial regulatory reporting
processes.
- Understand global regulatory requirements, including regional
legislative frameworks and operational risks in order to translate
these into comprehensive documents/policies for key
stakeholders.
- Inspect processes, controls and metrics such as regulatory
change, non-financial regulatory reporting and Consumer Anti-Money
Laundering Operations metrics, to detect and prevent financial
crimes and fraud.
- Monitor and understand pipeline of global financial crimes
regulatory changes that will impact the firm at a future date.
- Ensure metrics are designed to measure key risks and control
performance, monitoring and reporting on metric performance and
breach remediation.
- Remote work may be permitted within a commutable distance from
the worksite.Required Skills & Experience:
- Bachelor's degree or equivalent in Finance, Legal Studies,
Accounting, Business, or related; and
- 4 years of experience in the job offered or a related finance
occupation.
- Must include 4 years of experience in each of the
following:
- Understanding global regulatory requirements, including
regional legislative frameworks and operational risks in order to
translate these into comprehensive documents/policies for key
stakeholders;
- Inspecting processes, controls and metrics such as regulatory
change, non-financial regulatory reporting and Consumer Anti-Money
Laundering Operations metrics, to detect and prevent financial
crimes and fraud;
- Monitoring and understanding pipeline of global financial
crimes regulatory changes that will impact the firm at a future
date; and
- Ensuring metrics are designed to measure key risks and control
performance, monitoring and reporting on metric performance and
breach remediation.If interested apply online at
www.bankofamerica.com/careers or email your resume to
bofajobs@bofa.com and reference the job title of the role and
requisition number.Employer: Bank of America N.A.Shift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100)Pay and benefits informationPay range$165,000.00 -
$175,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis role is eligible to participate in the annual
discretionary plan. Employees are eligible for an annual
discretionary award based on their overall individual performance
results and behaviors, the performance and contributions of their
line of business and/or group; and the overall success of the
Company.BenefitsThis role is currently benefits eligible. We
provide industry-leading benefits, access to paid time off,
resources and support to our employees so they can make a genuine
impact and contribute to the sustainable growth of our business and
the communities we serve.
Keywords: Disability Solutions, Passaic , Vice President; Global Financial Crimes Manager, Executive , New York, New Jersey
Didn't find what you're looking for? Search again!
Loading more jobs...