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The Global Financial Crime ("GFC") Executive - Global Wealth and Investment Management "GWIM" contributes to the direction and drives the development of enterprise-wide money laundering, economic sanctions, and fraud compliance and operational risk practices consistent with applicable laws, rules, regulations and regulatory guidance. The GFC Executive I serves as a trusted advisor to the Chief Compliance and Operational Risk ("C&OR") Officers of the Front Line Units ("FLU") and Control Functions ("CF") for the company and to the leaders of the FLUs and CFs directly.

The GFC Executive - GWIM will be responsible for overseeing the Global Financial Crimes Risk program for Merrill Lynch Wealth Management, Merrill Edge/Consumer Investments, Bank of America Private Bank and GWIM Banking. The candidate will manage a group of subject matter experts for each of these businesses and will oversee day-to-day Front Line Unit (FLU) interaction as well as strategic projects across the team. The candidate must have in-depth knowledge of Global Wealth & Investment Management business and practices and be able to navigate across multiple FLU Executives and Senior Leaders. The candidate will be responsible for assignments across the team and identifying opportunities for efficient and effective processes across GWIM FLUs. This person will manage Audit and Regulatory Exam responses and manage Monitoring & Testing Inventory across GWIM FLUs. The candidate will also actively manage the growth and development of talent and contribute to building a motivated, high performing team.

To be successful in this role, the individual must be able to navigate across multiple FLU Risk Managers, Compliance & Operational Risk Managers and FLU business partners and identify when issues and projects have cross-FLU impact. This person must also coordinate with [Global Markets GFC Risk Managers to drive consistency in practices across teams. This person will act as a single point of contact to intake assignments that may impact multiple lines of business and prioritize work to be completed in light of competing strategic initiatives. This position requires both strategic and tactical level focus on details and the ability to communicate effectively across multiple partners.

Managerial Responsibilities
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.

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
• In depth knowledge of Merrill Lynch Wealth Management and Bank of America Private Bank business structure, products and services.
• 5+ years people management experience and the ability to lead teams
• Prior experience leading cross-functional teams
• Collaborate with a wide variety of FLU and COR partners to drive program execution
• Prior experience and enthusiasm for high level strategic planning and tactical daily execution
• Experience working with distributed teams with teammates in multiple locations
• Must be able to present to senior level executives and business partners and have strong communication and presentation skills
• Ability to focus on business priorities and properly manage tasks among competing initiatives
• Must have the ability to work in a fast paced matrix organization
• Proven ability to evaluate complex matters and recommend action plans to remediate issues
• Engage key stakeholders, including enterprise groups and other support partners in the planning and execution tasks
• Technical understanding of Bank Secrecy Act, AML and Sanctions related laws, rules and regulations
• 7+ years professional work experience
• Ability to identify, escalate and communicate issues to senior management in an effective and succinct manner
• Advanced knowledge of Excel and PowerPoint
• Bachelor's Degree or Equivalent experience

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 - $300,000.00 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.