AML Platform Risk Manager

Are you looking for a challenging and dynamic role in the banking industry? Bank of America is seeking a highly skilled AML Platform Risk Manager to join our team and help us mitigate risk within our Anti-Money Laundering (AML) platform. As a member of our team, you will be responsible for identifying potential risks and implementing strategies to prevent financial crimes within our systems. We are looking for a driven and experienced professional with a strong understanding of AML compliance and risk management. If you are a proactive problem-solver with excellent analytical skills and a passion for maintaining the integrity of financial systems, we encourage you to apply for this exciting opportunity.

1. Conduct thorough risk assessments of Bank of America's AML platform, identifying potential vulnerabilities and areas for improvement.
2. Develop and implement risk management strategies and controls to mitigate potential threats and maintain compliance with AML regulations.
3. Monitor and analyze data from the AML platform to identify suspicious activities and potential financial crimes.
4. Collaborate with cross-functional teams, including compliance, technology, and operations, to ensure the AML platform is meeting regulatory requirements and industry best practices.
5. Stay up-to-date on AML laws and regulations, industry trends, and emerging risks to continuously improve the AML platform and risk management strategies.
6. Train and educate team members and other relevant stakeholders on AML compliance and risk management best practices.
7. Conduct investigations and escalate potential AML risks to appropriate parties, such as law enforcement and senior management.
8. Produce comprehensive reports and presentations on AML platform risk management for senior management and regulatory agencies.
9. Work with external auditors and regulators to ensure compliance with AML regulations and respond to any inquiries or requests for information.
10. Proactively identify and address any gaps or weaknesses in the AML platform's risk management processes and controls.
11. Collaborate with vendors and third-party providers to ensure their AML processes and procedures align with Bank of America's risk management strategies.
12. Continuously evaluate and improve the AML platform's risk management framework, including policies, procedures, and workflows.
13. Serve as a subject matter expert on AML compliance and risk management, providing guidance and support to other team members and departments within the bank.
14. Foster a culture of risk awareness and compliance within the organization by promoting a strong understanding of AML regulations and risk management principles.

According to JobzMall, the average salary range for a AML Platform Risk Manager in Charlotte, NC, USA is $90,000 - $120,000 per year. However, this may vary based on factors such as experience, education, and the specific company and industry.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.