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Global Financial Crimes Specialist
senior · Risk & Compliance
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 role will support execution of compliance and operational risk processes used to identify and mitigate risks associated with money laundering, terrorist financing, economic sanctions and fraud and provide risk management and client advisory support within Canada. The incumbent will partner with the Money Laundering Reporting Officer to assisting in the review of potential suspicious transactions and with the associated regulatory filing, support regulatory and corporate audits, as well as work with front line business, operations and other financial crimes teams across the region and globally to assess and monitor risks and controls, identify trends, analyse business processes and review quality assurance trends.
Responsibilities
Support the Canada MLRO in performing compliance and risk activities, including:
Reviewing potential suspicious activity and sanctions alerts
Assisting with suspicious activity (SAR/STR) regulatory filings
Assisting with preparation for, and participating in, financial crimes related regulatory exams and audits
Executing governance and management routines, including development of metrics and analytical reports
Executing local designed controls required in adherence to Canadian regulations
Develop monitoring and test coverage plans
Performing monitoring and testing activities of Front Line Unit (FLU) and control function (CF) -owned processes related to Customer Due Diligence activities, Non-Financial Regulatory Reporting, or other activities as required against Canadian AML/CFT laws, rules and regulations
Assisting with the review of relevant policies to ensure they reflect Canadian AML/CFT regulatory requirements for Financial Crimes
Acting as the Canada GFC owned procedures specialist
Identifying, aggregating, reporting and escalate financial crimes risks, issues and control enhancements
Conducting financial crimes risk assessments
Assisting in the development of financial crimes training
Escalating financial crimes concerns to the Global Financial Crimes Manager or Executive
Qualifications
At least 5 years relevant experience in Control Functions including AML and Sanctions, advisory background or Financial Crimes Compliance gained from working in the financial industry
Sound experience with Suspicious transaction reviews, including potential instances of sanctions evasion, and Ministerial Directives, and associated reporting
Business Stakeholder Management: experience in risk management and client advisory
Compliance and Operational Risk: experience identifying, mitigating and escalating matters of AML concerns to FLUs and senior management
Possesses decision making skills related to Financial Crimes Compliance Risk Management- and are able to stand up to the FLUs and take decisions
Degree Required: Bachelor’s Degree or equivalent work experience
Preferred candidates with understanding of global banking and markets business lines
Preferred candidates with subject matter expertise in financial crimes risks related to Canada
Ability to handle multiple compliance projects in a dynamic environment and regional team setting
Skills
Ability to read and interpret regulatory guidance
Extensive knowledge of AML typologies
Working knowledge of Ministerial Directives reviews and filings
Strong analytical, organizational and decision making skills
Strong written and verbal communications
Strong understanding of monitoring, testing and/or quality assurance processes
Strong personal drive, attention to detail, must be a self-motivated and critical thinker
Ability to handle multiple projects in a dynamic environment Proficiency with MS Office programs – including strong Excel expertise and Copilot
Mature change management and transformation abilities
Ability to quickly learn proprietary technology applications
Excellent research abilities, including exposure to research tools (e.g. LexisNexis, CLEAR)
Sound judgment
What Bank of America Offers
Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
Bank of America is an Equal Opportunity Employer
Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.
Shift:
Hours Per Week:
37.5