Business Control Executive (Global Payments Solutions) New York, New York;Chicago, Illinois; Charlotte, North Carolina; Atlanta, Georgia **Job Description:** 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! **Job Description:** This job sits within the front line Business Controls team in Global Payment Solutions (GPS) and is responsible for leading and designing the strategy related to financial crimes compliance within the GPS business. Key responsibilities include ensuring capabilities are in place to drive the day-to-day execution of the Operational Risk Management Framework, including the implementation of LOB specific processes and tools to drive adherence to regulatory requirements and enterprise-wide standards & policies related to financial crimes. Job expectations include providing oversight and establishing effective quality assurance and control processes. **Required skills: Must have these skills to be minimally qualified** * Minimum of 10 years experience in the payments industry, international, and Global Financial Crimes experience **Responsibilities:** + Engages with stakeholders to identify issues related to financial crimes and assures action plans & control improvements for issue resolution + Demonstrates broad understanding of the GPS business including International payments and new payments rails like real time payments, pay by bank, pay to card and virtual accounts management. + Work closely with control partners in Compliance to ensure two-way communication of business capabilities and regulatory adherence + Have good understanding of regulatory requirements related to economic sanctions and AML screening of transactions and relationships + Provide oversight on fraud monitoring including understanding and compliance with regulatory requirements across the globe where GPS provides services + Have basic understanding of payment related data flows and associated data quality challenges vis-à-vis Banking Secrecy Act (BSA) and travel rule requirements + Oversees the assessment of the design and effectiveness of the risk and control environment to ensure adherence to enterprise-wide standards + Oversees the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business efforts + Oversees GPS responses for regulatory exams, internal audits, and other monitoring and inspection reviews related to financial crimes + Active participation in the key governance forums including Business Control Forums, Regulatory Initiative forums, Product & Sales level governance forums + Acts as an ambassador of the risk culture, monitoring and reporting on the Line of Business or Enterprise Control Function's Operational Risk Profile + Bachelor's degree preferred or relevant work experience **Required Skills:** + Controls Management + Payments product knowledge + Financial Crimes regulatory requirements + Oral Communications + Risk Management + Stakeholder Management + Strategy Planning and Development + Continuous Improvement + Drives Engagement + Influence + Strategic Thinking + Data and Trend Analysis + Decision Making + Problem Solving + Quality Assurance **Shift:** 1st shift (United States of America) **Hours Per Week:** 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . 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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. 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