Hiring: GFC Manager - Correspondent Banking Company: Bank of America Location: Charlotte, NC Job Posted Time: 2026-09-16 11:35:21 Target Skills & Keywords : Regulatory Compliance, Risk Management, Shell About the job Required Skills: •We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. •Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. •At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! •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 independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders •Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed •Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks •Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees Qualifications: •Minimum of seven years of relevant experience •Knowledge of anti-money laundering (AML) and related AML legislation •In-depth knowledge of correspondent banking products and services, including nostro/vostro accounts, payable -through arrangements, and cross-border payment flows. •Demonstrated awareness of financial crime risks inherent in correspondent banking, such as money laundering, terrorist financing, sanctions evasion, and nested relationships. •Demonstrated capacity to identify and assess jurisdictional and counterparty risks, including exposure to high-risk geographies, PEPs, and shell banks. •Practical knowledge of Correspondent Banking Due Diligence (CBDD), including KYC/KYCC principles, enhanced due diligence triggers, and periodic review processes. •Operational familiarity with transaction monitoring and screening controls applicable to correspondent banking, and understanding of how alerts and typologies manifest in this space. •Solid functional working knowledge of global regulatory frameworks and industry standards, including FATF Recommendations, Wolfsberg Group CBDDQ, and Basel Committee guidance. •Conceptual understanding of how financial crime detection models operate—ability to interpret outputs, understand model limitations, and connect model behavior to business risk. •Proven ability to work independently and collaboratively across business, compliance, and operations teams to assess and mitigate correspondent banking risks. Compensation: •Flexible work environment (work from home / hybrid options) Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!