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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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 managing risks associated with financial crimes, and ensuring compliance with laws, rules, and regulations related to money laundering, economic sanctions, anti-bribery, corruption, and fraud. Key responsibilities include providing oversight, making strategic decisions, and advising on how to effectively manage these risks while adhering to key regulations. Job expectations include leveraging expertise, judgement, and influence to ensure compliance and operational risk management objectives and Bank Secrecy Act and Anti-Money Laundering program requirements are met.

The Global Economic Sanctions (GES) Control Tower Executive leads GES strategic initiatives and oversees key sanctions activities to ensure risks, issues, and information requests are addressed in a timely and consistent manner.

Key responsibilities include driving end-to-end coordination of GES activities, monitoring risks and deliverables, overseeing RAIs and related data requests, coordinating stakeholder reporting and escalation, and driving issue remediation. Job expectations include exercising significant independent judgment, providing credible challenge and ensuring transparency across GES activities.

Responsibilities:

• Oversees strategic initiatives across Sanctions, coordinating priorities, execution, dependencies, risks, stakeholder engagement, and delivery against key objectives
• Drives end-to-end coordination of GES activities, directing activities from intake and prioritization through escalation, remediation, and closure
• Establishes operating routines, review standards, and quality controls to promote consistent, timely, and well-documented outcomes
• Coordinates RAIs and related data requests, including ownership, required inputs, milestones, dependencies, escalation, and response readiness
• Monitors the sanctions portfolio, delivery milestones, risk indicators, dependencies, and emerging concerns, escalating material risks and delays
• Coordinates management and stakeholder reporting on priorities, risks, issues, remediation progress, and key decisions
• Partners across Sanctions, Global Financial Crimes, Technology, Operations, Legal, GCOR, and line-of-business teams to align priorities, resolve barriers, and strengthen operating practices
• Directs and oversees the identification, mitigation, and reporting of risks related to financial crimes, to include risks of non-compliance with laws, rules, and regulations and the operational risks associated with people, processes, systems, and external events
• Provides insight into the identification, aggregation, reporting, remediation and thematic analysis of front line unit/control function-owned issues and control enhancements related to financial crimes processes
• Escalates and provide guidance into financial crimes risks through the appropriate governance routines, including management/board level committees
• Monitors the external environment for regulatory change and provide updates to policies, processes, procedures, and internal controls
• Directs and oversees the development and maintenance of a global coverage plan that defines the scope and risk-based focus of global financial crimes risk management activities

Skills:

• Change Management
• Decision Making
• External Resource Management
• Regulatory Compliance
• Strategy Planning and Development
• Issue Management
• Policies, Procedures, and Guidelines Management
• Risk Management
• Talent Development
• Written Communications
• Coaching
• Fraud Management
• Inclusive Leadership
• Investigation Management

Required Qualifications:

• 10+ years of experience in risk management or a related discipline
• Bachelor’s degree or equivalent work experience
• Demonstrated experience leading complex, cross-functional risk and control activities from intake through remediation and closure
• Knowledge of regulatory expectations, policies, procedures, controls, data, and governance practices
• Experience establishing operating routines, quality standards, management reporting, risk metrics, and escalation processes
• Ability to provide credible challenge, evaluate complex issues and supporting data, and influence decisions across senior and technical stakeholders
• Proven ability to manage competing priorities, dependencies, issues, information requests, and remediation actions in a dynamic risk environment
• Strong executive communication and written reporting skills, with the ability to translate complex information into clear risk implications, decisions, and actions

Desired Qualifications:

• Experience in financial services; CAMS or related sanctions, risk, compliance, or analytics certification

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$175,000.00 - $350,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.