Join to apply for the Director, Global Financial Crimes Specialist, Australia role at Bank of America
Join to apply for the Director, Global Financial Crimes Specialist, Australia role at Bank of America
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.
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 Crimes Risk Manager is responsible for executing the Global Financial Crimes Program in the Asia Pacific Region.
The Global Financial Crimes Risk Manager will establish and maintain strong relationships with key stakeholders within the Front Line Units (FLUs) and Control Functions (CFs), GFC risk executives and managers, and internal audit using effective influence skills.
Responsibilities:
The Global Financial Crimes Compliance ("GFC") Manager, 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 Global Policy:
* Drive consistent execution of the financial crimes program in the Asia Pacific region, including but not limited to regulatory change, financial crimes policies and procedures management, risk assessments, issue management, monitoring and testing as well as any global or regional driven initiatives and projects
* Perform gap analysis of Enterprise/Country standards against new or revised financial crimes laws, rules and regulations in the Asia Pacific region, and work closely with Money Laundering Reporting Officers to update standards and oversee implementation of such changes.
* Review Front-Line Unit escalations on financial crimes inquiries, risks, and concerns and work closely with Money Laundering Reporting Officers to develop risk mitigating controls.
* Develop meaningful management of information, including review and production of Key Risk Indicators and Key Performance Indicators.
* Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments.
* Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
* Assists in the review of, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately.
Required Skills:
* At least 12 years' experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory authority.
* Anti-money laundering/financial crimes experience in a financial institution or government position in a Financial Services institution and/or related government entity is strongly desired.
* Excellent written and verbal communication skills and solid influencing capability across all levels of management including very senior management and board levels and with regulators in Asia.
* Can make decisions in a rapidly changing environment.
* Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners.
* Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work.
* Sound risk management skills and an ability to apply discernment, take decisions when required and to raise when necessary.
* A flexible and solution driven perspective, able to solve problems and a determination to seek answers to complex issues.
* The ability to synthesize laws, rules and regulations into practice.
Seniority level
* Seniority level
Mid-Senior level
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Sales
* Industries
Banking
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