Global Financial Crimes Executive - Global Wealth and Investment Management Front Lines

New York, New York;Charlotte, North Carolina; Pennington, New Jersey

Job Description:

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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 Global Financial Crime (“GFC”) Executive - Global Wealth and Investment Management "GWIM" contributes to the direction and drives the development of enterprise-wide money laundering, economic sanctions, and fraud compliance and operational risk practices consistent with applicable laws, rules, regulations and regulatory guidance. The GFC Executive I serves as a trusted advisor to the Chief Compliance and Operational Risk (“C&OR”) Officers of the Front Line Units (“FLU”) and Control Functions (“CF”) for the company and to the leaders of the FLUs and CFs directly.

The GFC Executive - GWIM will be responsible for overseeing the Global Financial Crimes Risk program for Merrill Lynch Wealth Management, Merrill Edge/Consumer Investments, Bank of America Private Bank and GWIM Banking. The candidate will manage a group of subject matter experts for each of these businesses and will oversee day-to-day Front Line Unit (FLU) interaction as well as strategic projects across the team. The candidate must have in-depth knowledge of Global Wealth & Investment Management business and practices and be able to navigate across multiple FLU Executives and Senior Leaders. The candidate will be responsible for assignments across the team and identifying opportunities for efficient and effective processes across GWIM FLUs. This person will manage Audit and Regulatory Exam responses and manage Monitoring & Testing Inventory across GWIM FLUs. The candidate will also actively manage the growth and development of talent and contribute to building a motivated, high performing team.

To be successful in this role, the individual must be able to navigate across multiple FLU Risk Managers, Compliance & Operational Risk Managers and FLU business partners and identify when issues and projects have cross-FLU impact. This person must also coordinate with [Global Markets GFC Risk Managers to drive consistency in practices across teams. This person will act as a single point of contact to intake assignments that may impact multiple lines of business and prioritize work to be completed in light of competing strategic initiatives. This position requires both strategic and tactical level focus on details and the ability to communicate effectively across multiple partners.

Managerial Responsibilities

This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.

• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.

• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.

• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.

• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.

• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.

• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.

• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Skills

• Change Management

• Decision Making

• External Resource Management

• Regulatory Compliance

• Strategy Planning and Development

• Issue Management

• Policies, Procedures, and Guidelines Management

• Risk Management

• Talent Development

• Written Communications

• Coaching

• Fraud Management

• Inclusive Leadership

• Investigation Management

Required Qualifications

• In depth knowledge of Merrill Lynch Wealth Management and Bank of America Private Bank business structure, products and services.

• 5+ years people management experience and the ability to lead teams

• Prior experience leading cross-functional teams

• Collaborate with a wide variety of FLU and COR partners to drive program execution

• Prior experience and enthusiasm for high level strategic planning and tactical daily execution

• Experience working with distributed teams with teammates in multiple locations

• Must be able to present to senior level executives and business partners and have strong communication and presentation skills

• Ability to focus on business priorities and properly manage tasks among competing initiatives

• Must have the ability to work in a fast paced matrix organization

• Proven ability to evaluate complex matters and recommend action plans to remediate issues

• Engage key stakeholders, including enterprise groups and other support partners in the planning and execution tasks

• Technical understanding of Bank Secrecy Act, AML and Sanctions related laws, rules and regulations

• 7+ years professional work experience

• Ability to identify, escalate and communicate issues to senior management in an effective and succinct manner

• Advanced knowledge of Excel and PowerPoint

• Bachelor’s Degree or Equivalent experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.