Director, Global Financial Crimes Specialist, Singapore – JR-24041947 – Singapore, , Singapore;

Bank of America

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:This job is responsible for supporting the execution of the Company’s Anti-Money Laundering with a focus on Global Banking and Markets, Global Payment Services and Global Operations. Key responsibilities include working closely with the Money Laundering Reporting Officers and Coverage Execution team to implement the Global Financial Crimes Policy and Standards, and relevant Country Standards. The role is also required to assist Global Financial Crimes executives with activities that support the identification, escalation and timely mitigation of financial crimes risks.Responsibilities:Supports the execution of the Global Financial Crimes Program to include:Supports the development and maintenance of Global Financial Crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and procedures to ensure that APAC regulatory requirements and operational risks are appropriately addressed;Assisting in the production of independent financial crimes risk management reporting to Senior Leaders;Assists in the monitoring of 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;Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments;Collaborates with Enterprise Independent Testing to execute independent testing of FLU/CF responsibilities;Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes;Assists in the review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriatelyReviews and challenges the FLU/CF’s Single Process Inventory for financial crimes related processes and controlsSupports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committeesLiaises with other Coverage Execution Team (CET) managers to ensure consistency in program implementationManages relationships with key stakeholders to ensure smooth execution of Program activities.Required Skills:10-12 Years working in financial crimes complianceStrong understanding of APAC financial crimes laws, rules and regulationsExperienced in exam management and regulatory engagement across the APAC regionSubject matter expertise in the area of program governance, risk assessments, regulatory change managementBachelors’ degree or equivalent years of experienceDesired Skills:Management experienceAbility to handle multiple projects in a dynamic environment and global team settingAbility to give clear direction and help prioritize activities for the teamStrong Written and Oral CommunicationsStrong personal drive, attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn and take on increasing levels of responsibilityFinancial Services and/or related government entityUnderstanding of Global Payment Services products and processesMust be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidancePresentation and Reporting Skills, including proficient in PowerPoint and ExcelCertification: ACAMS – Association of Certified Anti-Money Laundering SpecialistsUnderstanding of Enterprise Compliance processesCritical ThinkingMonitoring, Surveillance, and TestingRegulatory ComplianceRisk ManagementIssue ManagementReporting

 

 

Job Overview