Job Title
Global Financial Crimes Specialist - Fraud & AML Investigations
Corporate Title
Assistant Vice President
Location
Belfast
Company
Bank of America
Job Description
This job is responsible for performing end-to-end investigations or investigations support functions of external financial crimes activities across one or more lines of business. Key responsibilities include conducting routine to complex investigations, including fraud committed by external parties, money laundering, or terrorist financing and acting as the liaison to Law Enforcement as required.
This role will entail completing investigations while ensuring cases meet or exceed closure and quality metrics, reporting facts of the investigation to assist in identifying potential operational or compliance risks, and making recommendations to file Suspicious Activity Reports (SARs) in a timely and accurate manner for submission to regulators and/or law enforcement.
The Investigator may be asked to partner with GFC Risk Management, front line units or other stakeholders to resolve investigations. The Investigator will maintain a working knowledge of relevant financial crimes laws, rules, and regulations, as well as an awareness of industry best practices.
Responsibilities
- Completes investigations while overseeing cases meet or exceed closure and quality metrics
- Completes investigations in a timely and accurate manner for submission of SAR to regulators and/or law enforcement
- Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with GFC Management and/or FLU to resolve investigations
- Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role
- Managing a significant case inventory while prioritizing cases based upon risk and/or management direction while adhering to department Service Level Agreements (SLAs)
- Perform research and analysis of transaction information, customer data, public records, social media platforms or other external research tools to aid in the investigation to determine whether the activity appears to be normal for the client type.
- Responsible for preparing concise reporting that captures the investigative details that support their decision
- Making recommendations to file Suspicious Activity Reports in a timely and accurate manner for submission to regulators and law enforcement across multiple jurisdictions
- Communicating with GFC Management, front line units or other internal stakeholders, and law enforcement to obtain additional information and documentation as needed to resolve investigations
- Recommending appropriate follow-up and possible account closure for customers that exceed the Bank’s risk tolerance; and identifies and escalates potential operational or compliance risks
- Performing quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role
- Flexible to perform other functions as requested by management
Required Qualifications
- Experience with AML, Risk, or Compliance experience and/or knowledge of financial crimes typologies
- Degree required: Bachelor's or equivalent work experience
- Proficiency in Microsoft Excel / data analysis
Desired Qualifications
- Additional technical/functional experience (e.g., industry type): Financial Services and/or related government entity
- Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists
Skills
- Coaching
- Fraud Management
- Quality Assurance
- Regulatory Compliance
- Investigation Management
- Policies, Procedures, and Guidelines Management
- Risk Management
- Issue Management
- Reporting
- Written Communications
Benefits
- Private healthcare for you and your family
- 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 virtual tutoring 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
- Use of a flex fund to use towards benefits
- Access to an emotional wellbeing helpline, and virtual GP services
- Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
- Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area
Equal Employment Opportunity
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, religious or similar philosophical belief, political opinion, 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 monitor the community background and sex of our job applicants and employees in order to demonstrate our commitment to promoting equality of opportunity in employment and to comply with our duties under the Fair Employment & Treatment (NI) Order 1998.
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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