Financial Crimes Specialist (Sanctions)

Job Description:
Job Title:Financial Crimes Specialist (Sanctions)
Corporate Title: up to VP
Location: Bromley
Company Overview:
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!
Location Overview:
Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train.
The Team:
You will join a diverse global team with teammates located in the US, EMEA and APAC regions. The focus of work will require you to analyse clients that have exposure or conduct business related to economic sanctions matters, review banking deals, market trades and vendor escalations that have economic sanctions concerns, document escalations in our internal case management tool, interact with and support front line units and various operations teams and participate in client discussions, conduct training and meet with senior leaders on economic sanctions matters. The team is collaborative, highly supportive of one another, hold each other accountable and are eager to learn.
Role Description:
The Financial Crimes Specialist, under supervision, assists Global Economic Sanctions executives and managers in support of the identification, escalation, and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management ("CORM") Program and the Economic sanctions and Global Compliance - Enterprise Policies ("GC Policy").
Responsibilities:

• Apply knowledge of economic sanctions laws, rules and regulations to the design, implementation, and management of sanctions risk monitoring, testing, assessment, and analysis of FLU/CF processes
• Provide oversight of Front-Line Units with matters involving economic sanctions concerns, specifically with understanding investment and corporate banking financing, products, and terminology
• Provide oversight of financial market trades that have economic sanctions exposure
• Discuss and communicate with senior executives, respond to auditors and regulators
• Prepare presentations to regional and global rep risk committees, prepare and conduct sanctions-related training for Front Line Units, and conduct risk analysis and research on economic sanctions matters
• Produce independent economic sanctions risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
• Identify, draft, own, and resolve to completion audit issues
• Support the economic sanctions list management function; including, but not limited to, vendor engagement, development of technology requirements, governance of changes, and monitoring of list content, delivery, and timeliness

What we are looking for:

• Demonstrable experience in financial crime and sanctions related matters
• Understanding of investment markets and products
• Ability to handle multiple compliance projects in a dynamic environment with competing priorities across a global team setting
• Excellent business stakeholder management and communication skills

Skills that will help:

• Risk analysis experience in Financial Crime
• Sanctions advisory experience

Benefits of working at Bank of America:
UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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