Executive Global Leadership Jobs (NOW HIRING)

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Global Financial Crime (GFC) Executive I contributes to the strategic direction and execution of enterprise-wide money laundering, economic sanctions, and fraud compliance and operational risk practices in accordance with applicable laws, regulations, and regulatory guidance. The executive serves as a trusted advisor to Global Compliance and Operational Risk (GCOR) Officers supporting Front Line Units (FLUs) and Control Functions (CFs), as well as senior leaders across the organization.

This executive will lead a team of Global Financial Crimes Risk Managers and Specialists responsible for the strategic development and execution of the Global Financial Crimes program for Global Markets U.S. The leader will oversee a team of subject matter experts supporting Fixed Income, Currencies and Commodities (FICC), Equities, and Prime Brokerage businesses, while maintaining day-to-day engagement with key business stakeholders.

The executive will provide a holistic financial crimes risk perspective, establish strategic priorities, and direct project execution across the team. As the primary point of contact for audits and regulatory examinations, the leader must effectively navigate relationships across multiple Front Line Unit executives, senior business leaders, GCOR, and GFC stakeholders. This role is responsible for identifying opportunities to enhance consistency, efficiency, and effectiveness across Global Markets while driving collaboration across GFC and GCOR partners. Success requires a balance of strategic leadership and tactical execution, coupled with strong communication, influence, and stakeholder management skills.

In this capacity, the executive will lead financial crimes-related regulatory engagements, examinations, and industry forums. The leader will escalat significant financial crimes compliance and operational risk matters, including emerging regulatory developments, through appropriate governance routines and management and board-level committees. Additionally, the executive will direct independent review and challenge activities, oversee remediation of identified issues, evaluate complex risk matters, and recommend appropriate action plans to strengthen the control environment. The leader will also drive accountability across the FLU to address identified challenges and ensure the timely resolution of financial crimes risk issues.

Responsibilities:

• Set strategic direction and manage a group of subject matter experts for the Global Markets
• Lead team in the identification of financial crimes risk and setting plans to mitigate identified risks
• Work independently to drive execution but also coordinate across GFC Risk Managers to drive consistency in practices across the teams
• Direct the development and implementation of financial crimes policies and standards with a particular focus on regulatory changes and developments
• Create and manage GFC Coverage Plan which defines the scope of coverage for GM-US
• Drafts independent financial crimes risk management reporting to GCOR, senior FLU leaders and legal entity boards
• Create, develop, establish and execute GFC, FLU and Enterprise risk tolerance metrics that are reflective of key risks in GM - US
• Monitor and evaluate financial crimes related regulatory changes applicable focusing specifically on Global Markets
• Lead discussions with the Financial Crimes Analytics Team to set focus for key risks and thematic reviews and set strategic direction for GFC automated detection tools
• Determine targeted risk assessments to be executed by the team focusing on new and emerging financial crimes risk.

Required Qualifications:

• In depth knowledge of Global Markets business structure, products and services
• 5+ years people management experience and the ability to lead teams
• Prior experience leading cross-functional teams
• 10+ years professional work experience
• Collaborate with a wide variety of FLU and COR partners to drive program execution
• Prior experience and enthusiasm for high level strategic planning and tactical daily execution
• Experience working with teammates in multiple locations
• Demonstrate success in presenting to senior level executives and business partners and have strong communication and presentation skills
• Ability to focus on business priorities and properly manage tasks among competing initiatives
• Ability to work in a fast paced matrix organization
• Proven ability to evaluate complex matters and recommend action plans to remediate issues
• Engage key stakeholders, including enterprise groups and other support partners in the planning and execution tasks
• Technical understanding of Bank Secrecy Act, AML and Sanctions related laws, rules and regulations
• Ability to identify, escape and communicate issues to senior management in an effective and succinct manner
• Advanced knowledge of Excel and PowerPoint
• Bachelor’s Degree or equivalent experience

Desired Qualifications:

• Strong knowledge of Economic Sanctions regulations
• Certified Anti-Money Laundering Specialist (CAMS) certification

Preferred Technical Skills:

• Credible Challenge
• Issues Management & Resolution
• Risk Identification & Assessment
• Products, Services & Acumen - Global Markets
• AML Regulatory Knowledge
• Customer Due Diligence
• Enhanced Due Diligence
• Financial Crimes Risk Principles
• Financial Crimes Risk Programs
• High Risk Activities & Typologies

Preferred Leadership Behaviors:

• Communicates and influences impactfully
• Creates and drives strategy
• Demonstrates intellectual capacity and learning agility
• Demonstrates sound decision making
• Drives customer-focused results
• Leads with an enterprise mindset and values
• Leads with process discipline and operational excellence
• Manages and scales capacity
• Manages risk
• Optimizes talent potential

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$175,000.00 - $350,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis 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.