Global Financial Crimes Manager - Global Markets and Global Wealth & Investment Management Risk
Company: Disability Solutions
Location: New York
Posted on: April 28, 2024
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Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for
executing substantive money laundering, economic sanctions and
fraud compliance and operational risk practices. Key
responsibilities include working directly or through compliance
officers for the Front Line Units (FLUs) and Control Functions
(CFs) to complete compliance, policy, operational/fraud risk
management requirements.The Global Financial Crimes ("GFC") Manager
- Global Markets and Global Wealth & Investment Management Risk
(hereinto referred to as "GFC Risk Manager") is responsible for the
execution of the Company's Global Financial Crimes Risk program.
The role will be focused on activity in Global Markets - Bank of
America Securities ("BofAS), and Global Wealth Investment
Management - Merrill Lynch, Pierce, Fenner & Smith ("MLPFS") as
well as Bank of America Private Bank and Consumer
Investments/Merrill Edge. The team will focus on detecting,
escalating, and reporting potential suspicious activity to meet BSA
regulatory expectations as well as supporting internal policy
requirements. The candidate will use various tools and data
analysis to identify, escalate and mitigate risks associated with
Anti-Money Laundering ("AML"), such as insider trading, market
manipulation and other specified unlawful activities under the Bank
Secrecy Act ("BSA"). The GFC Risk Manager will engage with GFC
Specialists, Global Financial Crimes Executives, Financial Crimes
Investigators, Compliance and Operational Risk ("C&OR")
officers and Control Partners to identify potential trends and
themes to further develop and enhance our financial crimes
oversight. This leader will partner with the FLU, 2nd Line
Surveillance/Testing teams, Operations, and other GFC teams to
analyze business processes, internal controls, client behavior and
transaction trends, as well as pursue ad-hoc projects related but
not limited to regulatory inquiries, trading around market moving
news events, such as merger and acquisitions, drug trials,
secondary offerings, corporate scandals announcements and internal
escalations. The position will also require one to engage with the
firm's analytics and technology teams to assist in the
enhancement/development and build of GFC surveillances models
designed to detect potentially suspicious activity associated with
regulatory guidance issued by the SEC, FINRA and other
Self-Regulatory Organizations ("SROs"). The position will require
one to develop and perform data analysis to assess financial crimes
oversight and reporting functions and identify opportunities to
improve the control and reporting environment. You will conduct
risk assessments and threat assessments to identify new or emerging
financial crimes risks. You will be engaged in transaction
monitoring activities and relationship closure recommendations,
communicating key decisions to senior leaders and influence FLU
business practices.Experience in using Excel (VLOOKUP and Pivot
tables) and Power Point applications, as well as ACAM and/ CFE
Certification and Audit, Economic Sanctions or Compliance
experience preferred.Securities licenses Series 7, 63 or Securities
Industry Essentials (SIE) Exam a plus.Responsibilities:
Keywords: Disability Solutions, North Bergen , Global Financial Crimes Manager - Global Markets and Global Wealth & Investment Management Risk, Accounting, Auditing , New York, New Jersey
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