Global Financial Crimes Specialist

Job Title: Global Financial Crimes Specialist

Corporate Title: Up to Vice President

Location: Zurich

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

The Team:

The role is in the Centralised Execution team within Global Financial Crimes, which undertakes high quality second line activities across Bank of America EMEA entities and branches. The team manages the financial crimes program for Europe, working closely with MLROs to support them in managing risk and delivering regulatory and compliance priorities. The team also coordinates with similar functions internationally.

Role Description:

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance risk practices. Key responsibilities include delivering high profile compliance and regulatory responses across the Europe, including Switzerland. It will involve assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and risks.

Responsibilities:

• Produces regulatory deliverables such as risk assessments and responses to regulatory questionnaires

• Manages or contributes to regulatory inspections and audits (external and internal)

• Deputises for the Switzerland MLRO

• Supports the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front-Line Units (FLU) /Control Functions (CF) -owned policies and standards to ensure that regulatory requirements and compliance risks are appropriately addressed

• Assists in the production of independent financial crimes risk management reporting to senior leaders

• Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed

• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments

• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

• 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

What we are looking for:

• Several years business and functional experience

• Knowledge of second line / programme work in financial crimes

• Degree required: Bachelor’s or equivalent experience

• Experience in Financial Services and/or related government entity​

• Knowledge of anti-money laundering (AML) and related AML legislation

Skills that will help:

• Global Risk Management experience

• Critical Thinking

• Monitoring, Surveillance, and Testing

• Regulatory Compliance

• Risk Management

• Issue Management

• Policies, Procedures, and Guidelines Management

• Written Communications

• Coaching

• Reporting

• Talent Development

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status,  socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.