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Vice President/Director, Global Financial Crimes Specialist

Bank of America

Bank of America

Accounting & Finance
Singapore · Hong Kong Island, Hong Kong · United States · Remote
Posted on Wednesday, July 10, 2024

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:
This job is responsible for supporting the execution of the Company’s Anti-Money Laundering with a focus on Global Banking and Markets, Global Payment Services and Global Operations. Key responsibilities include working closely with the Money Laundering Reporting Officers and Coverage Execution team to implement the Global Financial Crimes Policy and Standards, and relevant Country Standards. The role is also required to assist Global Financial Crimes executives with activities that support the identification, escalation and timely mitigation of financial crimes risks.


  • Supports the execution of the Global Financial Crimes Program to include:
    • Supports the development and maintenance of Global Financial Crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and procedures to ensure that APAC regulatory requirements and operational risks are appropriately addressed;
    • Assisting in the production of independent financial crimes risk management reporting to Senior Leaders;
    • Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed;
    • Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments;
    • Collaborates with Enterprise Independent Testing to execute independent testing of FLU/CF responsibilities;
    • Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes;
    • Assists in the review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately
    • Reviews and challenges the FLU/CF’s Single Process Inventory for financial crimes related processes and controls
  • Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
  • Liaises with other Coverage Execution Team (CET) managers to ensure consistency in program implementation
  • Manages relationships with key stakeholders to ensure smooth execution of Program activities.

Required Skills:

  • 10-12 Years working in financial crimes compliance
  • Strong understanding of APAC financial crimes laws, rules and regulations
  • Experienced in exam management and regulatory engagement across the APAC region
  • Subject matter expertise in the area of program governance, risk assessments, regulatory change management
  • Bachelors’ degree or equivalent years of experience

Desired Skills:

  • Management experience
  • Ability to handle multiple projects in a dynamic environment and global team setting
  • Ability to give clear direction and help prioritize activities for the team
  • Strong Written and Oral Communications
  • Strong personal drive, attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn and take on increasing levels of responsibility
  • Financial Services and/or related government entity
  • Understanding of Global Payment Services products and processes
  • Must be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidance
  • Presentation and Reporting Skills, including proficient in PowerPoint and Excel
  • Certification: ACAMS – Association of Certified Anti-Money Laundering Specialists
  • Understanding of Enterprise Compliance processes
  • Critical Thinking
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance
  • Risk Management
  • Issue Management
  • Reporting