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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for leading and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include executing LOB or ECF processes and tools to drive adherence to enterprise-wide standards. Job expectations include supporting the implementation of quality assurance and quality control processes within the LOB or ECF through ongoing monitoring and testing of controls, identifying issues and control improvements for remediation, and building out actions plans and milestones.

Responsibilities:

Leads the assessment of the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standardsPerforms monitoring and testing of controls, identifying issues and control improvements for remediationLeads the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity effortsManages the performance and productivity of team members that conduct quality inspection reviewsEnsures timely execution of QA activities including control execution, case management, and results reportingManages and reviews all operations front line unit responses for regulatory exams, internal audits, and other monitoring and inspection reviewsEnsures accuracy of data and that relevant information is captured for inspection metrics to support governance for dashboard reporting

Skills:

Controls ManagementOral CommunicationsRisk ManagementStakeholder ManagementStrategy Planning and DevelopmentContinuous ImprovementDrives EngagementInfluenceStrategic ThinkingTalent DevelopmentData and Trend AnalysisDecision MakingMonitoring, Surveillance, and TestingProblem SolvingQuality Assurance

Line of Business Job Description

The candidate will manage end to end adoption and implementation of Global Banking & Global Markets AML (GBGM AML) Laws, Rules and Regulations (LRR) within the Latin America region. As a member of the LRR Adoption & Implementation team, responsibilities will include, but are not limited to:

Regional Country Standard Business Review & Procedural Adoption OversightFacilitation of people, process, and technology impact assessments that are driven by LRR/Country standard ChangesParticipate and present at one of the primary governance routines within GBGM AML, the Legal, Risk & Compliance (LRC) Governance ForumDrive global connectivity and consistency with the other regions and Enterprise direction, when not dictated otherwise by law/rule/regulation

The role requires strong leadership skill, project management and a developed risk management/compliance background. Ideal candidate will be familiar with AML processes and AML-based regulatory requirements. The main objective of the LRR Adoption & Implementation Team is to provide oversight and govern end to end LRR implementation across GBGM AML.

Responsibilities may also include:

Represent LRR Adoption & Implementation Team for LatAm Country Standard Business Review Process & Procedural AdoptionProviding Business/Operational updated driven by AML LRR changes to the LatAm Local Management Team (LMT)Facilitate gap assessments driven by AML Regulatory changes, Audit Issues and Regulatory Remediation work effortManage regular routines with key stakeholders across GBGM AML Operations, Global Financial Crimes, Risk and TechnologyDemonstrate strong collaboration, influencing, and relationship management skillsCoordinate and partner across other GBGM AML stakeholders to ensure end-to-end process engagement and timely change implementation.Perform root cause analysis of potential operational events and challenge control weaknesses and breakdowns to properly assess risk dispositionPerform thematic analysis and horizontal impact assessments to determine trends and identify emerging risksWork with impacted stakeholders to develop and document implementation plans based on LRR/Requirement gap assessment findingsReview and govern proposed changes to operational procedures through the Legal, Risk and Compliance (LRC) Forum. Provide horizontal Governance for LRR changesUse data to proactively identity process simplification opportunities

Required Skills:

Strong Project Management skills and proven track record of leading projectsExperience in Procedure and Policy Implementation, Regulatory Remediation or similar Business Controls activitiesStrong working knowledge of AML-based requirements would be an advantageTime Management and organizational skills, ability to juggle multiple projects with competing deliverable scheduleStrong presentation skills and the ability to present key messages, effective recommendations, and information in a clear, concise, insightful and influential wayAbility to work independently, while coordinating discussions across multiple stakeholders in an effort to accurately meet tight deadlines in a demanding environmentExcellent written and verbal communication skills – ability to tailor messaging to senior management.Ability to interact with people at all levels of the organization and ability to organize data for executive level reportingSelf-Starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance  Ability to read and understand complex matters, anticipate risks, and summarize key information in a clear and concise wayFluency in English/Spanish or English/PortugueseStrong research and analytical skills and attention to detail but in context with broader business landscape