Line Of Business Job Overview
As part of GT&O, the Enterprise Process Oversight (EPO) teams directly impact the firm's ability to achieve and sustain operating and regulatory excellence. The EPO teams oversee the execution of significant processes across the enterprise by partnering with Legal, Compliance and the Front Line Units (FLUs)/Operations. EPOs perform standard functions to identify and mitigate risks, achieve operating targets and consistently comply with applicable laws, rules and regulations.
This role is responsible for oversight of the Global Financial Crimes (AML) Enterprise Standards for Business Entities. This includes working with GFCC and FLU's to review changes to standards, identification of impacts, implementation plan development and execution, reporting and reporting.
Partner with GFCC to communicate the changes to the AML Enterprise Standards for individuals with the Front Line Units (FLUs) and Control Functions (CFs) specific to our customers.
Oversee the FLUs/CFs impact assessments to identify any gaps to the revised Standards and corresponding implementation plans (methods and timing) for remediation
Coordinate with the FLUs/CFs to track the status and progress of implementation plans on a monthly basis
Present the status and progress of implementation plans at AML EPO governance meetings on a routine basis
Partner with FLUs/CFs to perform adherence assessment of standard requirements as implemented Partner with FLUs to ensure appropriate controls in place to comply with AML requirements to comply with updated policy and/or standards
Serves as subject matter expert for AML policy's and standards and provides guidance to FLU/Operations team to clarify with Compliance where unclear.
Establish regular process to engage with FLU/ LOB to perform Standard Gap Assessments to evaluate whether or not changes to existing procedures are needed based on alignment to current policy and standards
Facilitate and manage new policy/standard exceptions with FLUs and maintain for any existing exceptions through appropriate governance routines.
Enterprise Role Overview
Assist in the execution of internal control discipline and operational excellence within a LOB or ECF. Execute LOB/ECF specific processes and tools to drive adherence to enterprise-wide Standards. Support the implementation of QA/QC processes within the LOB/ECF through ongoing monitoring and testing of controls. Identify issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones. Acts as an ambassador of the risk culture. Develop and direct staff. Incumbents typically have over 8+ years of risk management and LOB/ECF experience.
3 + years' experience in AML and preferably CDD (Customer Due Diligence)/KYC (Know Your Customer) with US related regulatory environment and experience in applying the risk framework and evaluating if meeting AML standard requirements.
Strong understanding of AML programs, policies, procedures and execution of these processes
Experience as AML Risk, Compliance, Audit function and/or AML Operations role with direct experience with interpreting policy/standards, advising, performing impact assessment, development of implementation plans and execution of AML related processes or functions.
Ability to facilitate and influence business partners and teammates with complex and challenging problems for resolution.
Detail-oriented to ensure quality and accurate work product
Working knowledge of AML program or other highly regulated programs
Excellent written and verbal communication skills; ability to write for and present to executives
Capacity to analyze complex data and present executive level reporting.
Strong proficiency with MS Office - Excel, PowerPoint, Visio, and SharePoint
Motivated self-starter who takes ownership and can produce high quality results with minimal direction.
Strong time management skills and adaptability to address shifting priorities and tight deadlines.
Excellent written and verbal communication skills; ability to write for and present to executives.
Ability to quickly gain a solid understanding of various operations and support functions.
Experience working in high visibility, high pressure environments
Proactively builds trusted relationships with key partners and senior leaders to influence
Posting Date: 11/13/2018
Location: Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD, Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST, Addison, TX, BUILDING I, 16001 N DALLAS PKWY, - United States
Travel: Yes, 5% of the time
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift
Bank Of America Corporation