Global Financial Crimes Manager - Global Markets and Global Wealth & Investment Management Risk

Bank of America

Bank of America

Accounting & Finance
New York, NY, USA · Charlotte, NC, USA · United States · Remote
Posted on Tuesday, June 4, 2024

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.


  • Advises and directs the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed

  • Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders

  • Monitors the 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

  • Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks

  • Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

  • Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes

  • Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

  • Ensure adherence to all internal policies and standards, regulatory requirements, and industry best practices.

  • Escalate financial crimes matters related to BofAS, MLPFS as well as Bank of America Private Bank and Consumer Investments/Merrill Edge and issues to appropriate governance routines, management/board level committees.

  • Routinely interface with Front Line Unit (“FLU”) leaders on matters related to GFC for BofAS and MLPFS as well as Bank of America Private Bank and Consumer Investments/Merrill Edge


  • Critical Thinking

  • Monitoring, Surveillance, and Testing

  • Regulatory Compliance

  • Risk Management

  • Coaching

  • Issue Management

  • Policies, Procedures, and Guidelines Management

  • Strategy Planning and Development

  • Written Communications

  • External Resource Management

  • Reporting

  • Talent Development

Required Qualifications:

  • 7 Years Financial Industry or other relevant experience

  • Degree required: Bachelor’s degree or equivalent experience

  • Demonstrated In-depth knowledge of institutional and retail trading/products

  • 5 years’ professional work experience with AML/BSA or Surveillance

Desired Qualifications:

Financial Services and/or related government entity​ background


1st shift (United States of America)

Hours Per Week: