Global AML Operations: Sr Business Control Specialist – Life Cycle Management

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!

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Line of Business Job Description

The Global AML Operations (GAO) organization is a central control function which governs, facilitates, and oversees the end-to-end AML program across all GB, GM businesses and jurisdictions globally and manage AML risks by implementing and executing processes and controls to effectively manage AML and economic sanctions risks. Life Cycle Management Group is part of AML Operations. The Life Cycle Management Group supports Global Banking (GB), Global Markets (GM), and Consumer Businesses detecting high risk within business through ongoing monitoring and due diligence. This is managed through 4 Centers of Excellence (COEs) - AML Screening, Client Activity Monitoring, Enhanced Client Due Diligence (ECDD) and Economic Sanctions.

GAO provides enterprise-wide governance and oversight of the AML framework across Consumer, Merrill Lynch, and Consumer Investment businesses. As a critical component of AML Operations, the Life Cycle Management Team is dedicated to protecting the organization from financial crime risks by conducting client screening, ongoing monitoring, and enhanced due diligence activities throughout the client lifecycle, ensuring regulatory compliance and effective risk management.

Responsibilities:

• Review client and party screening for determination of adherence to Laws, Rules, and Regulations

• Manage complex client types and collection of enhanced due diligence

• Complete analysis and/or reviews of clients who fall under the purview of Global AML Operations

• Support Audit, Exam and/or Testing processes, ensure proper governance and protocol is followed; assist with preliminary research and response tracking

• Provide solutions to help with implementation of process improvements or remediation plans to drive efficiencies and demonstrate control sustainability

• Coordinate and partner across other support teams and stakeholders to ensure end-to-end process engagement and timely resolution of monitoring cases

• Proactive in risk identification and mitigation through activity monitoring processes

Required Qualifications:

• 1 year experience interacting with AML/KYC, compliance, risk partners, and senior management
• Detail oriented with ability to analyze and consolidate complex KYC and screening information. Understanding of evolving Laws, Rules and Regulations for AML is core and applying this to day-to-day-engagement with both operations and bankers is key to success

• Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a fast pace deadline driven environment

Skills:

• Research Analysis

• Strong written and verbal communication skills

• Proficient in Microsoft Office applications, including Excel, Word, and SharePoint

Desired Qualifications:

• AML or compliance-based knowledge is an advantage for this role

• Enterprise Financial Crimes Standard, Global AML program, BSA and USA Patriot Act

• Working knowledge of laws, rules, and regulations and ability to identify and escalate risk
• ACAMS accreditation
• Bachelor’s degree in related field or equivalent experience

Shift:

Hours Per Week: