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Private Bank Financial Crimes Business Control Specialist

Company: Disability Solutions
Location: Pennington
Posted on: July 2, 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!Business Control Specialist, Private Bank -The Financial Crimes Business Control Specialist will report to the Private Bank Supervision Executive and will be part of an integrated team focused on oversight of the Financial Crimes Customer Due Diligence program within the Private Bank. This includes executing critical AML program activities and initiatives to support compliance with the Private Bank's Financial Crimes Program.The position requires experience in Financial Crimes compliance including monitoring, quality assurance onboarding and maintenance requirements. The ability to identify, assess and escalate risks within the business, recommend solutions to address and mitigate risks and proactively improve policies, procedures is also required. Responsibilities will include supporting the Private Bank Financial Crimes (FC) Program, specifically:

  • Implement the Onboarding and Maintenance requirements with focus on enhanced due diligence for higher risk clients:
    • Oversight and timely resolution of process improvements and execution
    • Input on technology solutions and implementation
    • Collaborating with Private Bank Financial Crimes teammates to develop process documentation around activities to mitigate financial crimes risk
    • Developing and implementing quality assurance routines to oversee financial crimes-related processes
    • Maintaining robust documentation to support oversight routines and activities
    • Support FLU Training development and implementation
    • Review relevant PB policies / procedures to ensure they accurately reflect process execution and Bank standardsRequired Skills
      • 5+ Years working in anti-money laundering, compliance, audit, risk or a process/controls focused position.
      • Minimum 3+ years analytical experience with a strong track record of supporting multiple interdependent and complex projects and the ability to learn/adapt quickly. --
      • Ability to work independently and prioritize multiple projects/requests
      • Highly organized with strong attention to detail
      • Proven analytical mindset, with some experience working with large data sets
      • Experience with quality assurance and monitoring key business controls
      • Proficient in Excel, Power Point and Microsoft Word Desired Skills
        • Strong understanding of banking risk management
        • Working knowledge of Anti Money Laundering and Economic Sanctions data analysis
        • Experience with supporting projects requiring audit and regulatory approvals
        • Proven strong communication skills (both written and oral)
        • Ability to prioritize work effectively under tight timelinesShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Trenton , Private Bank Financial Crimes Business Control Specialist, Accounting, Auditing , Pennington, New Jersey

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