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Global Financial Crimes (GFC) Investigator

Bank of America

Bank of America

Accounting & Finance
Frankfurt, Germany
Posted on Thursday, March 9, 2023

Job Description:

Job Title: Banking Compliance and Operational Risk Manager

Corporate Title: Director

Location: Dublin

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!

Role Description:

The Deputy MLRO under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (“CORM”) Program, the Financial Crimes and Global Compliance -- Enterprise Policies ("GC Policy”), and the Enterprise Fraud Risk Management Standards.

The Deputy MLRO assists in engaging other Compliance and Operational Risk (“C&OR”) officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The Deputy MLRO also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.


  • Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (“GC&OR”) Senior stakeholders and FLU/CF Senior Leaders via established governance and management routines

  • Supports the development, implementation and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed

  • Supports the monitoring of changes in regulations applicable to GFC, including advising senior stakeholders on those changes, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, ensures a comprehensive regulatory inventory

  • Helps to facilitate escalation and remediation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

  • Supports Scenario Analysis activities for coverage areas and challenges as appropriate

  • Handle transaction monitoring and investigations including filing with the local law enforcement agencies in Germany;

  • Manage and address enquiries from regulators and clients in Germany; monitor changes and implement/amend policies and procedures accordingly

  • Draft internal guidelines and procedures on the prevention of money laundering, terrorist financing and other financial crimes

What we are looking for:

  • Assists in the filing of all regulatory reports for the Company related to Financial Crimes

  • Degree Required: Bachelor’s or equivalent experience

  • Desired Skills: Financial Services and/or related government entity

  • German language fluency

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, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.

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