GFC Support Specialist
Bank of America
full-time
Posted on:
Location Type: Office
Location: Chicago • Illinois • New Jersey • United States
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Salary
💰 $68,500 - $115,000 per year
About the role
- This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices.
- Supports the development and maintenance of financial crimes owned policies and standards.
- Reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed.
- Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders.
- Assists in the monitoring of changes in regulations applicable to Global Financial Crimes.
- Advises business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements.
- Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments.
- Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
- Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
Requirements
- Minimum 5 years of relevant experience in financial crimes investigations, business controls, business support, or project management
- Strong knowledge & understanding of the financial crimes investigations process
- Process Design experience
- Project Management experience
- Bachelor’s Degree or equivalent work experience
Benefits
- This 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
financial crimes investigationsbusiness controlsproject managementprocess designrisk managementregulatory complianceoperational riskpolicy developmentrisk assessmentsmonitoring changes in regulations
Soft Skills
advising business leaderscommunicationanalytical thinkingproblem-solvingcollaborationreportingescalation of issuesindependent risk monitoringthematic analysisstakeholder management