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Audit Director - Financial Crimes (BSA/AML including Sanctions)

Bank of America

Bank of America

Accounting & Finance
Multiple locations
Posted on Tuesday, November 14, 2023

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.  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!

Job Description:

  • Audit responsibilities for businesses or functional areas related to Financial Crimes.  

  • Develops the audit strategy for Financial Crimes including proper assessment and coverage of risks and emerging risks

  • Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures

  • Gets ahead of risks, identifies themes and continually evaluate areas of priority against the company’s risk profile and control environment

  • Promotes the use of innovative tools and technological elements to drive continuous coverage of Company risks

  • Owns and communicates importance of operational effectiveness; drives continuous improvement

  • Strategic engagement in governance routines, issue remediation / validation, and regulatory engagement

  • Demonstrates and fosters critical thinking, strategic mindset; leads and drives change adoption

  • Provides comprehensive assessment of key products; increases depth of testing for key products inclusive of applicable laws, rules, and regulations particularly BSA/AML and sanctions rules.

  • Strong financial crimes background with focus on core BSA/AML compliance program requirements including transaction monitoring, investigations, risk assessment, etc.

  • Provides a comprehensive horizontal view of risk specific to Financial Crimes

Required Skills/ Qualifications:

  • Minimum of 12 years of experience with a specialization in BSA/AML and/or OFAC/Sanctions

  • Expertise related to financial services/financial institution industry preferred.

  • Strong engagement with external regulatory agencies

  • Strong Audit or Risk Management background preferred but not required.

  • Strong Project Management skills

  • Critical thinking, collaborative and innovative

  • Experience leading & driving change

  • Experience in demonstrating and fostering critical and strategic thinking

  • Experience leading a team

  • Bachelor's Degree (Master’s degree preferred but not required)

Job Code Summary:

Manages one or more business groups within Corporate audit, including execution of the audit plan, all elements of personnel management, communication and expense management. Responsible for planning and developing audit strategy and managing audit services for significant lines of business. Exercises judgment and influences business executives, managers and peers. Helps business partners balance their business strategy with appropriate risk management controls. Works with Audit's senior leadership to develop, implement and communicate Corporate Audit's mission, goals and strategies. Proactively manages the relationships with regulatory agencies, external consultants and other internal risk management groups.


1st shift (United States of America)

Hours Per Week: