Bank of America Global Finance Crimes Compliance Specialist in Charlotte, North Carolina

Job Description:

The Global Financial Crimes Compliance (“GFCC”) Specialist under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (“CRM”) Program and the Financial Crimes and Global Compliance Enterprise Policies ("GC Policy”):

  • Create and maintain a regulatory inventory.

  • Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.

  • Conduct compliance risk assessments.

  • Contribute to monitoring and testing coverage plans and related metrics.

  • Monitor and test the effectiveness of the front line unit and control function compliance risk controls.

  • Execute governance and management routines.

  • Identify aggregate, report and escalate compliance risks, issues and control enhancements.

  • Identify compliance training needs and inspect Front Line Unit (“FLU”), Control Function (“CF”) and third party participation for Financial Crimes.

  • Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.

  • Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.

  • Escalate regulatory relations concerns to GFCC Compliance Manager or Executive.

This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team. This role may have Money Laundering Reporting Officer responsibilities.

Additional responsibilities include:

  • Conducting strategic projects to identify risk, referrals to investigations, or enhancement to scenarios.

  • Collaborating with other analysts on the team to identify and pull data used for analysis.

Required Skills:

  • Advanced knowledge of SQL and/or SAS, and strong familiarity with banking data.

  • Strong analytical and communication skills.

  • Analytical background in financial crimes risk management or government intelligence / investigations. Strong background with financial markets, traded products, and the related financial crimes risk.

Desired Skills:

  • Knowledge of Bank of America’s systems and databases required.

  • Knowledge of Financial Intelligence Unit data would be helpful.

  • Experience in the data science domain with knowledge of artificial intelligence, machine learning, and other advanced analytical methods.

Posting Date : 10/02/2017

Location :

Charlotte, NC, 201 N TRYON ST (NC1022),

  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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