Bank of America

GFC Manager – Global Markets

Bank of America

full-time

Posted on:

Location Type: Hybrid

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

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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, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
  • Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
  • Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
  • Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
  • Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
  • Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
  • Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Requirements

  • Minimum 7 years experience
  • Strong understanding of global markets products and services, including foreign exchange, fixed income, equities, derivatives, and structured products.
  • Awareness of financial crime risks specific to markets activities, such as market abuse, insider trading, spoofing, layering, and misuse of information.
  • Understanding of money laundering and sanctions risks in trading and capital markets, including risks arising from third-party intermediaries, client onboarding, and complex transaction structures.
  • Knowledge of front-to-back trade flows and how trading desks, sales, operations, and compliance interact across the product lifecycle.
  • Familiarity with client due diligence (CDD) and counterparty risk assessments tailored to institutional clients, hedge funds, and broker-dealers.
  • Working knowledge of regulatory and industry frameworks, such as MAR, MiFID II, Dodd-Frank, FATF, and local AML/CTF requirements applicable to capital markets.
  • Conceptual understanding of surveillance and financial crime detection models, including trade surveillance, communications monitoring, and transaction monitoring systems — ability to interpret outputs and assess model limitations.
  • Ability to connect business activity patterns to potential financial crime indicators, ensuring that controls are risk-based and proportionate to product and client profiles.
  • Proven ability to work independently and collaboratively across trading, compliance, risk, and operations functions to identify and mitigate financial crime risks.
  • Strong analytical and communication skills, with the capacity to explain complex risk and model concepts to non-specialist stakeholders.
Benefits
  • 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.
  • 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.

Applicant Tracking System Keywords

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

Hard skills
financial crimes risk managementmoney launderingsanctions risk assessmenttrade surveillancecommunications monitoringtransaction monitoringclient due diligencecounterparty risk assessmentregulatory frameworksfinancial crime detection models
Soft skills
analytical skillscommunication skillscollaborative skillsindependent workingproblem-solvingrisk assessmentstakeholder engagementpolicy developmentreportingoversight