At Bank of America, the business problem is to enhance the efficiency, scalability, and regulatory compliance of the organization’s Anti-Money Laundering (AML) operations.
Requirements
- Strong understanding of AML regulations and operational processes.
- Expertise in data analytics, process optimization, and project management.
- Familiarity with AML technology platforms and automation tools.
- Proven track record of leading large-scale process improvement or technology implementation projects.
- 7+ years in Anti-Money Laundering operations, compliance, or financial crime risk management, with at least 3 years in a strategic or transformation role.
- Excellent communication and stakeholder management skills.
- Analytical Problem-Solving
Responsibilities
- Defines program controls, processes, procedures, reporting cadence, decision governance structures, and ways of working with key stakeholders
- Develop and implement strategic plans to optimize AML operational functions, including client activity monitoring, screening, and KYC/CDD onboarding and refresh.
- Identify opportunities for automation, process re-engineering, technology adoption, and communications/training/procedure development to improve efficiency and reduce risk.
- Document the blueprint for the organization that aligns goals, strategies and initiatives to the strategic plan.
- Drive the development of dashboards and KPIs to monitor effectiveness of AML processes and report to senior leadership.
- Leverage data analytics to identify trends, gaps, and opportunities for improving AML controls and operational performance.
- Stay abreast of industry trends, regulatory changes, and emerging technologies in AML and financial crime prevention.
Other
- Bachelor’s degree in Business, Finance, Risk Management, or related field (Master’s preferred).
- Excellent communication and stakeholder management skills.
- Leadership Development
- Performance Management
- Collaboration
- 1st shift (United States of America)
