Director, Global Financial Crimes Specialist, Australia

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:

The Global Financial Crimes Risk Manager is responsible for executing the Global Financial Crimes Program in the Asia Pacific Region.

The Global Financial Crimes Risk Manager will establish and maintain strong relationships with key stakeholders within the Front Line Units (FLUs) and Control Functions (CFs), GFC risk executives and managers, and internal audit using effective influence skills.

Responsibilities:

The Global Financial Crimes Compliance ("GFC") Manager, assists Global Financial Crimes Compliance executives and managers in activities supporting the identification, escalation, and timely mitigation of compliance risks in alignment with the Compliance Risk Management ("CRM") Program and the Financial Crimes Global Policy:

• Drive consistent execution of the financial crimes program in the Asia Pacific region, including regulatory change, policies and procedures management, risk assessments, issue management, monitoring, testing, and regional initiatives and projects.
• Perform gap analysis of standards against new or revised financial crimes laws, rules, and regulations in the Asia Pacific region, working closely with Money Laundering Reporting Officers to update standards and oversee implementation.
• Review Front-Line Unit escalations on financial crimes inquiries, risks, and concerns, and collaborate with Money Laundering Reporting Officers to develop risk mitigating controls.
• Develop management of information, including review and production of Key Risk Indicators and Key Performance Indicators.
• Contribute to risk coverage plans, execute independent risk monitoring, testing, and assessments.
• Assist in identifying, reporting, and escalating issues and control enhancements related to financial crimes.
• Review and develop remediation plans to strengthen controls, providing oversight to ensure appropriate implementation.

Required Skills:

• At least 12 years' experience in a similar or related role in a financial institution, legal, consultancy, or regulatory authority.
• Experience in anti-money laundering/financial crimes within financial institutions or government roles in financial services is highly desired.
• Excellent communication skills and the ability to influence across all management levels, including senior management and regulators in Asia.
• Ability to make decisions in a rapidly changing environment.
• Strong prioritization skills, ability to meet deadlines, and handle challenging demands.
• Team player with pride in work and collaborative spirit.
• Sound risk management skills, discernment, and appropriate raising of issues.
• Flexible, solution-oriented, with problem-solving capabilities and determination to resolve complex issues.
• Ability to interpret laws, rules, and regulations into practical application.