Audit Manager - AML

Bank of America - Boston, MA (30+ days ago)3.9

Job Description:
Bank of America Audit Department is accountable to the Audit and Examining Committee of the Board of Directors, the Office of the Chairman, senior management and our global and local regulators. The Corporate Audit Department audit team provides audit coverage of key corporate functions including global Financial Crimes/Anti-Money Laundering (AML).

We are currently seeking a talented and experienced Audit Manager with a minimum of 10 years of Financial Crimes/AML and Sanctions audit experience.

Role Description:
This position is a senior management role that will be responsible for developing and leading Financial Crimes Audit Program

Building audit strategies, including developing risks assessments to ensure appropriate coverage of annual requirements
Building relationships with business leaders, regulatory examiners and executive management
Coach and develop a team of auditors as well as manage their performance
Develop, execute and manage multiple audit plans
Assess issues, apply critical thinking and share judgment with business leaders and executive management
Fostering a positive and inclusive work environment

Required skills

Bachelor’s Degree in Law, Accounting or Finance
Advanced knowledge of banking products and associated risks and audit techniques
Minimum of 10+ years of direct experience working with AML compliance and expert in-depth knowledge with relevant regulations and regulatory expectation
Professional designations include Certified Anti-Money Laundering Specialist (CAMS) or other relevant business designation
Some travel required

Desired Skills:
JD, LLM or Masters preferred
Experience working with federal regulators such as the FRB or OCC

Demonstrable strengths in the following:
Compliance Audit Activities – Regulatory compliance and applicable banking regulations
Auditing core elements of a financial services company’s AML and Sanctions Compliance Program
Compliance risk and control framework
Know Your Customers (KYC), OFAC and HMT regulations, Customer Identification Program (CIP)/Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD), Suspicious Activity Report (SAR), Politically Exposed Person (PEP), Trade Finance, Transaction Monitoring

1st shift (United States of America)

Hours Per Week: