Financial Crimes Manager - Crypto / Digital Assets
: Job Details :

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.

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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:

This role is responsible for executing substantive money laundering, economic sanctions, and fraud compliance and operational risk practices for Crypto Currency, Digital Assets, and Payments within the Global Payment Solutions business. Key responsibilities include working directly or through emerging risk, compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to ensure compliance, policy adherence, and operational/fraud risk management requirements.

Responsibilities:

Advise and direct the development and maintenance of financial crimes policies and standards, reviewing relevant policies owned by Front Line Units/Control Functions to ensure regulatory requirements and operational risks are addressed.

Produce and oversee independent financial crimes risk management reporting to Global Financial Crimes senior leadership.

Monitor changes in regulations applicable to Global Financial Crimes, advising business leaders and guiding the implementation or amendment of policies, standards, procedures, and processes to meet regulatory requirements.

Participate in industry forums, monitor regulatory expectations, emerging legislation, and key influencers to identify and mitigate emerging risks.

Escalate financial crimes compliance and operational risks to appropriate governance routines and management/board committees.

Identify, report, escalate, inspect, and challenge remediation and thematic analysis of issues and control enhancements related to financial crimes.

Review and challenge internal and external operational loss events, including developing remediation plans to strengthen controls.

Additional Responsibilities:

Lead discussions with partners to analyze business processes, internal controls, client behavior, and transaction trends.

Recommend changes to standards and review procedures to identify potential issues meeting regulatory and operational risk requirements.

Contribute to the creation and implementation of GFC Coverage Plan.

Produce and oversee risk management reporting to senior leaders and global risk environment.

Establish, monitor, and report on GFC and FLU metrics reflecting key risks.

Engage with GFC partners to review key risk areas and develop/enhance automated detection tools.

Advise FLU senior leaders on regulatory developments in BSA/AML laws.

Design routines and reports to identify potential AML risks and control weaknesses.

Evaluate risks, monitor progress, and support action plans and closure activities.

Conduct risk assessments to identify emerging financial crimes risks.

Guide FLUs on client selection processes regarding financial crimes impacts.

Review and challenge SPI and ensure FLU compliance.

Engage with Audit to provide guidance and respond to inquiries.

Participate in regulatory meetings and exams to provide risk management perspectives.

Monitor regulatory expectations and emerging risks through industry forums.

Escalate risks and issues to governance routines and committees.

Identify, report, and challenge issues and control enhancements related to financial crimes.

Skills:

• Critical Thinking
• 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
• Talent Development

Preferred Technical Skills:

• Risk Identification & Assessment
• Issues Management & Resolution
• Line of Business (LoB) Products, Services & Acumen
• Financial Crimes Risk Programs
• Enhanced Due Diligence
• Credible Challenge
• Customer Due Diligence
• Regulatory Knowledge
• High Risk Activities & Typologies
• Financial Crimes Compliance Risk Principles

Required Qualifications:

• Minimum of 7 years of relevant experience in financial services, risk management, AML compliance, or related fields.
• Knowledge of AML legislation.
• Bachelor's Degree or equivalent experience.

Desired Qualifications:

• Bachelor's Degree in related field.
• Expertise in Crypto/Digital Assets.
• Experience in financial services or government entities.
• Certified Anti-Money Laundering Specialist (CAMS).
• Ability to work in a fast-paced environment, managing multiple priorities.
• Strong leadership and decision-making skills.
• Ability to influence and drive organizational change.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency:

Range $105,000 - $170,000 annually, based on experience and skills. Discretionary incentive eligible. Benefits included.

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