Global Financial Crimes Manager – Risk Appetite

Job Description:

Job Title:

Global Financial Crimes Manager – Risk Appetite Corporate

Title:

Vice President

Location:

Chester At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Role

Description:

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

The Risk Appetite Manager is responsible for the oversight, evaluation, interpretation, and escalation of Financial Crime Investigation (FCI) Suspicious Activity Reports (SARs). You will provide visibility of financial crime exposure, emerging risks, and thematic trends across jurisdictions, legal entities, business lines, and customer segments.

You will define, maintain, and execute the Financial Crime Risk Appetite framework for investigations activity, ensuring that key indicators, thresholds, and escalation triggers are appropriately monitored and governed. They will deliver insightful evaluation of SAR data and investigations intelligence to identify material risks, inform strategic strategy-making, and facilitate timely escalation of significant financial crime concerns.

Responsibilities:

Advises and directs the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed.

Produces and/or oversees distinct financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Stakeholders and FLU/CF Senior Stakeholders.

Identify, assess, and monitor emerging risks within financial crimes investigations.

Escalate financial crimes-related compliance and operational risks to appropriate governance bodies.

Conduct end-to-end process analysis to uncover inefficiencies and recommend improvements that enhance investigative outcomes.

Develop and implement risk-based internal controls to prevent, detect, and report financial crimes.

Define tolerances, thresholds, and escalation triggers relating to SAR activity and investigations outcomes.

Monitor adherence to approved risk appetite statements across all relevant jurisdictions and legal entities.

Prepare and present risk appetite reporting for senior management and governance…