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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
This role, under supervision and in partnership with the Money Laundering Reporting Officer (MLRO), assists Global Financial Crimes (GFC) executives and managers in any of the following activities in support of the identification, escalation, and timely mitigation of financial crimes compliance risks in alignment with the Financial Crimes Global Policy.
Responsibilities
Identifying relevant regulatory change, updating the Canada Country Standard, and notifying relevant stakeholders of the change and potential impact;
Conducting financial crimes risk assessments when required by either GFC or local regulatory requirements;
Identifying, building and executing appropriate monitoring and testing activities;
Identifying and reporting any matter relating to the implementation or execution of the Company’s Financial Crimes Compliance Policy and Standards, as applicable, to the Financial Crimes AMRS Executive and Canada Local Management Team;
Advising business units on financial crimes risks and potential mitigating controls associated with clients, products, or services.
Acting as GFC Canada KYC/EDD, payments specialist for advising and guiding business units and other support functions.
Providing meaningful management of information, including the review and production of Key Risk Indicators and Key Performance Indicators;
Executing governance and management routines;
Supporting the completion and timely submission of any regulatory reporting required under the legal framework of the jurisdiction;
Being the GFC Canada subject matter expert on Electronic Funds Transfer Reports (EFTRs) and Large Cash Transaction Reports (LCTRs)
Supporting, as applicable, any internal Corporate Audit or regulatory examination conducted in the jurisdiction for which the MLRO is responsible, in line with the Company’s Regulatory Exam Standards;
Leading and overseeing the GFC training curriculum for Canada;
Analysing, investigating and resolving any investigative case assigned to them, as defined by regional or local practices, and making any necessary regulatory reporting of suspicious activity.
Qualifications
At least seven years of anti-money laundering/financial crimes experience in a similar or related role (e.g., Operations, Audit) in a financial institution, legal or consultancy firm or with a regulatory or government authority;
Expertise in Anti-Money Laundering/Terrorism Financing/Fraud Programs governance (issues management, training, monitoring & testing, KYC/EDD, management routines, regulatory oversight, audit management, etc.)
Knowledgeable in global payments (SWIFT, ISO 20022, ACH) matters as well as in Canada Payments systems.
Ability to influence with impact, engage across various levels of management, including very senior management and board levels and with regulators in Canada;
Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary;
Excellent relationship management skills;
Can make decisions in a rapidly changing environment;
Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;
Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work;
Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;
The ability to synthesize laws, rules and regulations into practice.
Skills:
Critical Thinking
Payments
Financial and Capital Markets Products
Regulatory Compliance
Monitoring, Surveillance, and Testing
Risk Management
Issue Management
Policies, Procedures, and Guidelines Management
Reporting
Strategy Planning and Development
Written Communications
External Resource Management
Coaching
Talent Development
What Bank of America Offers
Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
Bank of America is an Equal Opportunity Employer
Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodation needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.
Shift:
Hours Per Week:
37.5