Bank of America
Audit Director - Global Financial Crimes Sanctions
Bank of America, New York, New York, us, 10261
Audit Director – Global Financial Crimes Sanctions
Charlotte, North Carolina;Stamford, Connecticut; Newark, Delaware; Plano, Texas; Boston, Massachusetts; New York, New York
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. 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!
Job Description:
This job is responsible for managing business groups within Corporate Audit and executing on personnel, communication, and expense management activities. Key responsibilities include planning and developing the audit strategy and managing audit services, influencing business executives, and helping business partners balance business strategy with risk management controls. Job expectations include working with senior leadership to develop Audit's coverage strategies, managing relationships with regulatory agencies and internal business management groups, and overseeing personnel issues.
Responsibilities:
Audit responsibilities for businesses or functional areas related to Financial Crimes, specifically Sanctions.
Develops the audit strategy for Financial Crimes Sanctions including proper assessment and coverage of risks and emerging risks
Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures
Gets ahead of risks, identifies themes and continually evaluate areas of priority against the company’s risk profile and control environment
Promotes the use of innovative tools and technological elements to drive continuous coverage of Company risks
Owns and communicates importance of operational effectiveness; drives continuous improvement
Strategic engagement in governance routines, issue remediation / validation, and regulatory engagement
Demonstrates and fosters critical thinking, strategic mindset; leads and drives change adoption
Provides comprehensive assessment of key products; increases depth of testing for key products inclusive of applicable laws, rules, and regulations particularly OFAC and understanding of any other sanctions regulations would also be valuable.
Strong Financial Crimes Sanctions background with focus on core BSA/AML compliance program requirements including Risk Assessments, etc.
Provides a comprehensive horizontal view of risk specific to Financial Crimes Sanctions globally.
Required Qualifications:
Minimum of 12 years of Audit or Risk Management experience
Familiarity with key Laws and Rules particularly OFAC and understanding of any other sanctions regulations would also be valuable.
Strong Project Management skills
Critical thinking, collaborative and innovative
Desired Qualifications:
Bachelor's Degree (Master’s degree preferred)
Skills:
Audit Planning
Regulatory Relations
Relationship Building
Risk Management
Talent Development
Critical Thinking
Project Management
Strategic Thinking
Strategy Planning and Development
Written Communications
Executive Presence
Financial Management
Internal Audit Review
Workforce Diversity Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
Charlotte, North Carolina;Stamford, Connecticut; Newark, Delaware; Plano, Texas; Boston, Massachusetts; New York, New York
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. 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!
Job Description:
This job is responsible for managing business groups within Corporate Audit and executing on personnel, communication, and expense management activities. Key responsibilities include planning and developing the audit strategy and managing audit services, influencing business executives, and helping business partners balance business strategy with risk management controls. Job expectations include working with senior leadership to develop Audit's coverage strategies, managing relationships with regulatory agencies and internal business management groups, and overseeing personnel issues.
Responsibilities:
Audit responsibilities for businesses or functional areas related to Financial Crimes, specifically Sanctions.
Develops the audit strategy for Financial Crimes Sanctions including proper assessment and coverage of risks and emerging risks
Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures
Gets ahead of risks, identifies themes and continually evaluate areas of priority against the company’s risk profile and control environment
Promotes the use of innovative tools and technological elements to drive continuous coverage of Company risks
Owns and communicates importance of operational effectiveness; drives continuous improvement
Strategic engagement in governance routines, issue remediation / validation, and regulatory engagement
Demonstrates and fosters critical thinking, strategic mindset; leads and drives change adoption
Provides comprehensive assessment of key products; increases depth of testing for key products inclusive of applicable laws, rules, and regulations particularly OFAC and understanding of any other sanctions regulations would also be valuable.
Strong Financial Crimes Sanctions background with focus on core BSA/AML compliance program requirements including Risk Assessments, etc.
Provides a comprehensive horizontal view of risk specific to Financial Crimes Sanctions globally.
Required Qualifications:
Minimum of 12 years of Audit or Risk Management experience
Familiarity with key Laws and Rules particularly OFAC and understanding of any other sanctions regulations would also be valuable.
Strong Project Management skills
Critical thinking, collaborative and innovative
Desired Qualifications:
Bachelor's Degree (Master’s degree preferred)
Skills:
Audit Planning
Regulatory Relations
Relationship Building
Risk Management
Talent Development
Critical Thinking
Project Management
Strategic Thinking
Strategy Planning and Development
Written Communications
Executive Presence
Financial Management
Internal Audit Review
Workforce Diversity Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.