Anti-Financial Crime & Financial Crime Compliance
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Global Financial Crimes Specialist, Bank of America – Frankfurt, Germany

Job Title: Global Financial Crime Specialist

Corporate Title: up to VP

Location: Frankfurt

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!

The Team:

Our established EMEA Financial Crime team consists of 16 Money Laundering Reporting Officers dealing with over 47 Regulatory bodies collaboratively working with US domestic teams. Our EMEA Financial Crime team support core functions such as Investigations, Transaction Monitoring, Regulatory engagement and drive a robust monitoring and inspection program. The Team covers over 20 languages and drives a diverse and inclusive culture.

Role Description:

The GFC Specialist assists in engaging other Compliance and Operational Risk (“C&OR”) officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.


• Assists in the filing of all regulatory reports for the Company related to Financial Crimes

• Execute and Provide Support for Jurisdictional and Global Program Elements.

• Execute process with quality, within control, and within process timeliness standards; actively managing process through queue management and process reporting. Support MLRO and regional teams for multi-jurisdictional case reviews in a timely manner; effectively escalate as required

• Monitoring and Testing: Maintain close working partnerships with EIT and business; drive schedule execution against agreed plan; partner with executive process leads to review/calibrate results; move beyond output testing and ensure process and control understanding before, during and as results are concluded; communicate effectively with FLU teams in partnership with MLRO/Risk Management executives.

• Supporting MLRO to delivering financial crimes training materials based on global and jurisdictional requirements

• Preparing governance materials for key Governance, Senior Management Routines and Regulatory discussion; Coordinate and support MLROs during formal exams, audits, questionnaires, compliance reports,

• Supporting Issue management oversight for GFC owned and AML flagged issue concerns

• Supporting filing or oversight of NFRR

• Support MLRO Managed processes including records and list management and NFRR requirements

• Procedures Management: Upgrade desk top procedures, user tools, cross-training and business continuity management

• Operational Excellence and Process Simplification: Assess manual activities for automation and process improvement

What we are looking for:

• Experience of anti-money laundering/financial crimes experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory or government authority;

• Ability to influence with impact in both the French and English languages, engaging across various levels of management, including very senior management and board levels and with regulators in Luxembourg or elsewhere in Europe;

• Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary;

• Excellent relationship management skills;

• Can make decisions in a rapidly changing environment;

• Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;

• Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work;

• Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;

• The ability to synthesize laws, rules and regulations into practice.

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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.

Apply Here
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