Financial specialist Jobs in Ann Arbor, MI

Roles & Responsibilities

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Our approach is called Responsible Growth, which means we deliver for our clients, teammates, communities and shareholders every day.

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We believe in working together and offering flexibility to our employees. Our approach depends on the various roles in our organization.

Working at Bank of America gives you a career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Job Description :

This job supports the execution of money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks.

Responsibilities :

• Support the financial crimes program in the Asia Pacific region, including regulatory change management, policies and procedures management, risk assessments, issue management, monitoring and testing.
• Coordinate and review Front-Line Unit escalations on financial crimes inquiries, risks and concerns, including deals, new products and customer due diligence in Asia Pacific region, with a focus on Singapore and South East Asia.
• Develop and maintain financial crimes owned policies and standards, and review relevant policies and standards to ensure regulatory requirements and operational risks are addressed.
• Assist in producing independent financial crimes risk management reporting to senior leaders.
• Monitor changes in regulations applicable to Global Financial Crimes, advising business leaders and directing areas to implement or amend policies and processes as needed.
• Contribute to risk coverage plans, execute independent risk monitoring, testing and risk assessments.
• Escalate financial crimes related compliance and operational risks and issues to governance routines and management / board level committees.
• Assist in identifying, aggregating, reporting and escalating remediation and thematic analysis of control enhancements related to financial crimes.
• Review and develop remediation plans to strengthen controls and provide oversight to ensure they are addressed.

Skills :

Minimum Education Requirement :

Key Skills : Remediation, Regulatory Compliance, Critical Thinking, Operational Risk Management, Economic Sanctions, Written Communications, Compliance, Fraud, Operational Risk, Regulatory Requirements, Fraud Risk Management.

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