Job ID:24022310 - Cons Prod Strategy Mgr II - Multiple Locations (2024)

Job Description:

Enterprise 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. 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!

Job Description:
This job is responsible for leading a group of team leaders and employees who develop strategies and drive analytics to understand portfolio risk, increase profitability, and optimize operational performance. Key responsibilities include setting strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching employees, and partnering across technology, product, and risk leadership to drive performance.

The Consumer & Small Business (CSB) AML Strategy Manager will be responsible for driving AML Strategic direction supporting the development and execution of strategic initiatives and/or processes aligned to AML priorities. Key responsibilities include defining, developing, executing, monitoring, and/or refining strategic initiatives and processes in close collaboration with key stakeholders and business partners.

Candidate will contribute to the optimization of the organization through continuous improvement and process reengineering. We are looking for a strong contributor with the right level of experience, has excellent strategic and critical thinking skills, and has a collaborative mind-set proactively building and maintaining relationships with business partners and key risk partners. Acts as an ambassador of the risk culture and represents CSB AML in various capacities.

Candidate will help design, build, and implement a new program to identify unusual or unexpected customer activity through their interaction with customers in the Consumer FLU. These Client Activity Monitoring (CAM) processes and/or routines must be reasonably designed and capable of identifying unusual or unexpected activity that may warrant a referral to Global Financial Crimes via TRMS.

Responsibilities:

• Establishes department-wide strategies and oversees portfolio trend analysis, forecasting, and risk/control performance
• Leads innovation by identifying and championing large scale initiatives that improve the risk management, profitability, and control oversight of risks for the business unit
• Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
• Coaches employees on best practices for structuring complex problems, performing analysis, and communicating the results and implications of their work
• Builds and maintains strategic relationships with peers and counterparts across product, technology, and business control functions

•Develop and implement procedures to document client activity processes and routines

•Drives and/or executes business initiatives and/or processes, while partnering with process owners and business partners

•Engages with process owners, key stakeholders, and business leadership to deliver on business objectives

•Performs analytical assessments, and/or interpretation of data and/or information to identify strategic opportunities

Required Qualifications:

•Understanding of AML requirements and Enterprise Standards

•Must have desire and ability to learn AML processes, controls and data lineage

•Highly organized with strong multi-tasking ability

•Strong presentation, verbal and written communication skills

•Ability to challenge and influence others to drive results

•Ability to work independently, set-goals and deadlines     

Desired Qualifications:

•Prior experience in AML processes desirable, including regulatory/audit/issues management

•Strives to bring in new ideas to drive innovation and unique solutions.

•Experience supporting Consumer and Small Business related initiatives

•Experience with Program/Project Management

•Expert level SharePoint and Microsoft Office skills

•Strategic mindset 

Skills:

• Analytical Thinking
• Business Analytics
• Data Mining
• Fraud Management
• Business Process Analysis
• Critical Thinking
• Influence
• Relationship Building
• Strategy Planning and Development
• Business Case Analysis
• Issue Management
• Leadership Development
• Process Performance Measurement
• Recruiting

Minimum Education Requirement: Bachelor’s degree or equivalent work experience

Shift:

1st shift (United States of America)

Hours Per Week:

40