Global Financial Crimes (GFC) Compliance Specialist

Company: Disability Solutions
Location: Charlotte
Posted on: October 9, 2024

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!This Global Financial Crimes (GFC) Compliance Specialist will be responsible for assisting the Compliance and Operational Risk officer team to execute second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Will ensure requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.Additional Responsibilities:

• The role will be focused on reviewing 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 support internal policy requirements.,
• 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").
• Will engage with Global Financial Crimes Risk Managers, 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.
• Assists in the monitoring of 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
• 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 review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately Required Qualifications:
  • Strong ability to analyze data using SQL
  • Strong ability to use Microsoft Excel (VLOOKUP and Pivot tables) and Power Point applications
  • Strong interest in data analytics
  • Proficient with large data sets and ability to manipulate data for presentations to Senior LeadershipSkills:
    • Monitoring, Surveillance, and Testing
    • Critical Thinking
    • Risk Management
    • Written Communications
    • ReportingShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Burlington , Global Financial Crimes (GFC) Compliance Specialist, Accounting, Auditing , Charlotte, North Carolina