Global Financial Crimes Regulatory Inventory & Change Management Manager
Company: Disability Solutions
Location: Charlotte
Posted on: October 5, 2024
Job Description:
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
executing substantive money laundering, economic sanctions and
fraud compliance and operational risk practices. Key
responsibilities include working directly or through compliance
officers for the Front Line Units (FLUs) and Control Functions
(CFs) to complete compliance, policy, operational/fraud risk
management requirements.The Global Financial Crimes (GFC)
Regulatory Inventory and Change Management Manager with the GFC
Program and Policy Oversight team will design, implement and manage
the Global Financial Crimes Regulatory Inventory and Change
Management program, to include:
- Overseeing GFC global execution of and support for the
Regulatory Inventory and Regulatory Change Management (RIRCM)
process and the identification, assessment and implementation of
financial crimes relevant US and non-US laws, rules, regulations
(LRR) and binding guidance requirements.
- Oversees RIRCM reporting in GFC management routines and
governance forums.
- Monitors execution of implementation requirements to meet
regulatory expectations in a timely manner.
- Implements and executes the Red Flag Inventory process, to
include without limitation the identification of financial crimes
red flags and related applicability mapping.Will lead remediation
of regulatory findings and issues, manage and execute functional
requirements, ensure adherence to internal/external regulations,
and monitor program efficiency. Responsibilities:
- Advises and directs the development and maintenance of
financial crimes owned policies and standards, and reviews relevant
Front Line Units/Control Functions-owned policies and standards to
ensure that regulatory requirements and operational risks are
appropriately addressed
- Produces and/or oversees independent financial crimes risk
management reporting to Global Compliance & Operational Risk
(GC&OR) Senior Leaders and FLU/CF Senior Leaders
- Monitors the 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
- Participates in industry forums and monitors regulatory
expectations, emerging legislation and regulation, political
scrutiny, litigation and key influencers to identify and mitigate
emerging risks
- Escalates financial crimes related compliance and operational
risks and issues to appropriate governance routines,
management/board level committees
- Identifies, aggregates, reports, escalates, inspects, and
challenges the remediation and thematic analysis of FLU/CF-owned
issues and control enhancements related to financial crimes
- Reviews and challenges internal and external operational loss
events, including the development of remediation plans to
strengthen controls and providing oversight to ensure they are
addressed appropriatelyRequired Qualifications
- 10 or more years experience in Financial Crimes Compliance or
related roles
- Risk or Compliance experience in Financial Institutions
- Strong understanding of technology, general controls, and other
controls
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively write
reports, present to management and various regulators
- Demonstrated ability to work in a matrix reporting
structure
- Ability to successfully communicate to influence management and
lead change on both strategic and tactical initiatives
- Excellent interpersonal skills
- Ability to effectively interact with diverse teams
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively document
issue validation
- Solid understanding of audit practices and methodologies, as
well as rules for professional and ethical conduct.
- Ability to think critically and apply technical
expertise.Skills:
- Critical Thinking
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Risk Management
- Coaching
- Issue Management
- Policies, Procedures, and Guidelines Management
- Strategy Planning and Development
- Written Communications
- External Resource Management
- Reporting
- Talent DevelopmentShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Rock Hill , Global Financial Crimes Regulatory Inventory & Change Management Manager, Accounting, Auditing , Charlotte, South Carolina
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