Bank of America

GFC Manager – Correspondent Banking

Bank of America

full-time

Posted on:

Location Type: Office

Location: Chicago • Illinois, New York • 🇺🇸 United States

Visit company website
✨ AI Apply
Apply

Salary

💰 $105,000 - $170,000 per year

Job Level

SeniorLead

About the role

  • Advises and directs the development and maintenance of financial crimes owned policies and standards
  • Produces and/or oversees independent financial crimes risk management reporting
  • Monitors the changes in regulations applicable to Global Financial Crimes
  • Participates in industry forums and monitors regulatory expectations
  • Escalates financial crimes related compliance and operational risks and issues
  • Identifies, aggregates, reports, escalates, inspects, and challenges remediation and thematic analysis of FLU/CF-owned issues and control enhancements
  • Reviews and challenges internal and external operational loss events

Requirements

  • Minimum 7 years experience
  • Strong understanding of correspondent banking products and services
  • Demonstrated awareness of financial crime risks inherent in correspondent banking
  • Ability to identify and assess jurisdictional and counterparty risks
  • Practical knowledge of Correspondent Banking Due Diligence (CBDD)
  • Familiarity with transaction monitoring and screening controls applicable to correspondent banking
  • Working knowledge of global regulatory frameworks and industry standards
  • Conceptual understanding of how financial crime detection models operate
  • Proven ability to work independently and collaboratively across teams
Benefits
  • Industry-leading benefits
  • Access to paid time off
  • Resources and support to contribute to the sustainable growth of our business and communities

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial crimes risk managementCorrespondent Banking Due Diligencetransaction monitoringscreening controlsfinancial crime detection models
Soft skills
ability to identify and assess risksability to work independentlyability to work collaboratively