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Bank of America

Runs a US consumer bank, brokerage and investment bank

Business Support Manager

Regulatory Compliance & EthicsConfirmed live in the last 24 hours
Full-timeNewark, NJ, USANo salary listed

About the Job

Requirements

  • Minimum seven years of relevant experience within Consumer, anti-money laundering, or fraud.
  • Strong analytical, critical-thinking, and organizational skills, with attention to detail and a focus on producing high-quality work.
  • Strong problem-solving and conceptual-thinking skills, and a sense of urgency.
  • Ability to communicate professionally, work as part of a team, and build relationships across multiple businesses and business partners.
  • Excellent written and verbal communication skills and executive presence.
  • Strong organization and time-management skills, with the ability to manage multiple business functions, adapt to changing business needs, and multitask and prioritize in a fast-paced environment.
  • Ability to develop executive-ready communications and presentations that synthesize data and tell a story.
  • Ability to work independently with minimal supervision and collaborate with a team.
  • Experience communicating effectively and influencing others, managing deadlines, and handling multiple tasks simultaneously.
  • Knowledge of anti-money laundering and related legislation.

Responsibilities

  • Execute substantive money laundering, economic sanctions, and fraud compliance and operational-risk practices, working directly or through compliance officers for Front Line Units and Control Functions to complete compliance, policy, and operational and fraud risk-management requirements.
  • Advise and direct the development and maintenance of financial-crimes-owned policies and standards, and review Front Line Units- and Control Functions-owned policies and standards to ensure regulatory requirements and operational risks are addressed.
  • Produce or oversee independent financial-crimes risk-management reporting to Global Compliance & Operational Risk senior leaders and Front Line Unit and Control Function senior leaders.
  • Monitor regulatory changes applicable to Global Financial Crimes; advise business leaders, direct appropriate areas to implement or amend policies, standards, procedures, or processes, and challenge implementation plans as needed.
  • Participate in industry forums and monitor regulatory expectations, emerging legislation and regulation, political scrutiny, litigation, and key influencers to identify and mitigate emerging risks.
  • Escalate financial-crimes compliance and operational risks and issues to appropriate governance routines and management- or board-level committees.
  • Identify, aggregate, report, escalate, inspect, and challenge remediation and thematic analysis of Front Line Unit- and Control Function-owned issues and financial-crimes-related control enhancements.
  • Review and challenge internal and external operational-loss events, develop remediation plans to strengthen controls, and oversee appropriate resolution.
  • Develop positive and trusting relationships with key business leaders and their teams.

Desired Qualifications

  • Bachelor's degree in a related field.
  • Degree in a related field.
  • Experience in financial services or a related government entity.
  • Certified Anti-Money Laundering Specialist certification.
  • Skills in 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; and talent development.

About the Company

Bank of America

Runs a US consumer bank, brokerage and investment bank

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company size
10,001+
Company stage
IPO
Headquarters
Charlotte, NC
Founded
1904

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