Deputy Anti-money Laundering Officer - Frankfurt am Main, Deutschland - Bank of America

Bank of America

Geprüftes Unternehmen

Frankfurt am Main, Deutschland

vor 3 Wochen

Geschrieben von:

Lena Wagner

beBee Recruiter

Beschreibung

Job Title:
Deputy Anti Money Laundering Officer

Corporate Title:
Vice President

Location:
Frankfurt

Company Overview:

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

Role Description:

The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management ("CORM") Program, the Financial Crimes and Global Compliance - Enterprise Policies ("GC Policy"), and the Enterprise Fraud Risk Management Standards.

The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities.

This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities.

The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

Responsibilities:

Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
Assists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CFowned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventory
Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CFowned issues and control enhancements related to financial crimes
Assists in the escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
Assists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timely
Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results
Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
Supports Scenario Analysis activities for coverage areas and challenges as appropriate
Assists with the development of risk metrics, monitors related performance and breach remediation
Act as the contact person for all AML related enquiries/investigations both internally and externally for BofAE Frankfurt;
Act as the contact person for all AML related enquiries/investigations both internally and externally for BANA Frankfurt;
Act as the contact person for all AML related enquiries/investigations both internally and externally for BAL D;
Handle transaction monitoring and investigations including filing with the local law enforcement agencies in Germany;
Support managing examinations, reviews and audits which encompass facets of financial crimes compliance;
Manage and address enquiries from regulators and clients in Germany;
Implement local policies and standards for the AML and CTF and for compliance with san