Global Financial Crimes - Forecast & Capacity Planning Manager
Company: Disability Solutions
Location: Charlotte
Posted on: October 11, 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:The Global Financial Crimes
(GFC) Forecasting and Capacity team is looking for a motivated
individual who can analyze operational volumes to develop,
maintain, and execute quantitative forecasts for staffing
decision-making through the application of statistical models.
Utilizes mathematics, statistical methods, engineering methods, and
other advanced analytics methods. Strong presentation skills with
the ability to take complex concepts and communicate at all levels.
Interacts with senior partners and supports management in key
decision making, influencing, and gaining support from financial
analysts, and management a team.The selected candidate will have
the ability to work in a team-oriented environment with strong
aptitude for problem solving and collaboration, as well as strong
communication and interpersonal skills - specifically the ability
to communicate complex ideas in a clear and concise manner to key
stakeholders. This person will also have natural curiosity and
drive to answer important business questions and high aptitude for
self-motivation and self-determined project
work.Responsibilities:
- Reviews LOBs financial performances and provides strategic
direction to teams by assisting with synthesizing key trends,
assessing current and future business risks, and preparing,
analyzing, and reporting on financial results and key metrics.
- Manages forecasting and/or budgeting and compares current
performance against plan, prior periods, and forecasts to evaluate
current and future performance trajectory.
- Builds management reports, presentations, and ad hoc analyses
for LOBs and/or finance partners.
- Performs complex analysis of financial models, market data,
financial data, and portfolio trends to understand product
performance and improve portfolio risk, profitability, performance
forecasting, and operational performance.
- Identifies business trends based on economic and portfolio
conditions and communicates findings to senior management.
- Partner /Collaborate with finance and key stakeholders on the
communication of forecast drivers, impacts, loss performance, and
reconciliation.
- Prepare, distribute, and consolidate weekly, monthly, quarterly
workforce packages.
- Identify and implement improvements with recurring monthly
reporting and adheres to all deadlines.
- 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
- 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 appropriately
- Develop and modernize time-series models using advanced
algorithm-based forecasting techniques
- Execute quarterly volume forecast model production and
presenting results to executive leadership in support of financial
budgeting routines
- Help to drive forecast consistency and innovation across
team.Required Qualifications:
- Minimum of seven years of relevant experience
- Degree in Mathematics, Statistics, Applied Economics,
Operations Research, Advanced Analytics or other STEM field
-OR-Equivalent experience
- Knowledge of anti-money laundering (AML) and related AML
legislationDesired Qualifications:
- Bachelor's Degree in related field
- Experience in financial services and/or a related government
entity
- Certified Anti-Money Laundering Specialist (CAMS)Skills:
- Regulatory Compliance
- Monitoring, Surveillance, and Testing
- Critical Thinking
- Risk Management
- Issue Management
- Policies, Procedures, and Guidelines Management
- Strategy Planning and Development
- Coaching
- Written Communications
- Reporting
- External Resource Management
- Talent DevelopmentShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Rock Hill , Global Financial Crimes - Forecast & Capacity Planning Manager, Accounting, Auditing , Charlotte, South Carolina
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