Global Financial Crimes Manager – Economic Sanctions
Bank of America
full-time
Posted on:
Location Type: Office
Location: Charlottesville • Florida, New Jersey, North Carolina, Texas • 🇺🇸 United States
Visit company websiteJob Level
SeniorLead
About the role
- Provide guidance on sanctions-related matters, including compliance with OFAC, EU, UK, and other global sanctions regimes.
- Assess and advise on sanctions risks related to transactions, clients, products, and services.
- Conduct sanctions risk assessments and escalate potential sanctions violations to senior compliance leadership as needed.
- Support the development, implementation, and enhancement of sanctions compliance policies, procedures, and controls.
- Advise internal stakeholders, including business units and operations teams, on sanctions-related regulatory requirements and best practices.
- Review and analyze alerts, transactions, and investigations related to potential sanctions violations.
- Assist in regulatory inquiries, audits, and examinations related to sanctions compliance.
- Monitor and interpret regulatory developments, enforcement actions, and industry trends to enhance the bank’s sanctions compliance framework.
- Collaborate with other compliance, legal, and risk management teams to ensure a coordinated approach to sanctions compliance.
- Contribute to training programs and awareness initiatives to promote a strong sanctions compliance culture across the organization.
Requirements
- Minimum of seven years of relevant experience
- Knowledge of anti-money laundering (AML) and related AML legislation
- 5+ years of experience in financial crimes compliance, sanctions compliance, or a related risk management role within the financial services industry.
- Strong knowledge of U.S. and international sanctions laws, including OFAC regulations, EU and UK sanctions, and other relevant global frameworks.
- Experience advising on sanctions risk in a complex financial institution.
- Familiarity with sanctions screening tools, investigative techniques, and risk assessment methodologies.
- Strong analytical and problem-solving skills, with the ability to assess complex issues and provide clear recommendations.
- Excellent written and verbal communication skills, with the ability to interact effectively with stakeholders at all levels.
- Bachelor's Degree in related field
Benefits
- health insurance
- retirement plans
- paid time off
- flexible work arrangements
- professional development
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
sanctions complianceanti-money launderingsanctions risk assessmentregulatory compliancerisk managementinvestigative techniquessanctions screening toolsregulatory inquiriesauditsenforcement actions
Soft skills
analytical skillsproblem-solving skillscommunication skillsstakeholder interactioncollaborationtraining and awareness initiatives