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:
Global Financial Crimes External Risk Event Review Manager is responsible for executing a risk-based review process to assess significant external financial crime risk events and assess relevance and exposure for the bank’s products, services, customers, and geographies.
Key responsibilities include identifying and prioritizing such events, conducting exposure analyses, evaluating potential impacts to financial crime detection and investigative processes, and developing recommendations for program remediation or enhancement. Job expectations include exercising sound independent judgment, coordinating formal handoffs to accountable partners, tracking actions through closure, and communicating material risks, decisions, and progress to senior leaders and governance forums.
Responsibilities:
Identifies, prioritizes, and documents significant financial crime external risk events in accordance with established thresholds, procedures, and governance requirements.
Conducts exposure analyses to assess potential impacts to the bank’s products, services, customers, geographies, financial crime detection, and investigative processes
Evaluates model performance, investigative outcomes, and process effectiveness to identify potential control gaps and enhancement opportunities
Develops risk-based recommendations, including model tuning, feature development, investigator training, risk escalation, or process changes
Coordinates formal handoffs to GFC and non-GFC partners and supports the opening of issues or other remediation actions, as appropriate
Maintains the external event and remediation inventory, monitors dependencies and milestones, and escalates material risks, delays, and decisions.
Prepares clear analyses, recommendations, and governance materials for senior leadership and impacted stakeholders
Partners across model development, operations, investigations, technology, data, and risk management teams to drive consistent execution and continuous improvement
Required Qualifications:
Minimum of seven years of relevant experience
Knowledge of anti-money laundering (AML) and related AML legislation
Minimum of seven years of relevant experience in financial crimes, model development or management, investigations, operations, process management, compliance, or operational risk
Demonstrated experience assessing financial crime models, investigative processes, or operational workflows and translating findings into actionable…