Director, GCIB Economic Sanctions Risk Governance (EMEA)

This job is with Bank of America, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Description

Job Title:GCIB Economic Sanctions Risk Governance (EMEA)

Location:London

Company Overview

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:

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

About The Role

Global Corporate & Investment Banking (GCIB) has an established program to support its adherence to economic sanctions related requirements applicable to its business and part of the enterprise-wide policy. The business has global footprint across US, EMEA (Europe, Middle-east, Africa), Asia-Pacific, Canada and Latin America. As part of its business model, GCIB ensures that it conducts economic sanctions due diligence and adequate reviews are conducted for appropriate mitigation to be applied, when required. There are additional commitments that GCIB is required to adhere to as part of the wider economic sanctions program requirements. As part of the team that support GCIB's adherence, the ideal candidate is expected to be an expert in global economic sanctions domain and should have a good understanding of GCIB business and products.

The team is responsible for execution of the program activities that ensures adherence and governance for the business. This includes review of due diligence conducted by the bankers as per requirements, provide their expertise in complex and/or time-sensitive deals, execute requirements for assessments and attestations when needed, oversee adherence to new regulatory changes in this space and support GCIB's exam and issue management commitments for economic sanctions or related topics.

Key Responsibilities

Key responsibilities include but are not limited to:

▪ Review due diligence for clients that have exposure to economic sanctions, primarily in the EMEA region

▪ Consult with deal teams when required for sanctions related assessments of deals

▪ Ensure GCIB is compliant with the Sanctions program by executing other requirements for the business such as screening assessments, new sanctions requirement implementations, etc.

▪ Involvement in ad hoc projects for new internal processes, regulatory or industry initiatives

▪ Point of contact for bankers and senior GCIB management when matters require attention

▪ Manage and balance global priorities with regional priorities

▪ Oversee performance of key controls in this domain and their metrics

▪ Monitors the changes in regulations applicable to GCIB in EMEA, reviews with risk partners and updates business leaders on those changes, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements

What We Are Looking For

▪ Bachelor's degree is minimum education requirement

▪ Direct experience in a global financial crime role in a global financial institution or equivalent

▪ Strong leadership qualities and result driven approach

▪ Ability to operate independently and collaborate across wide span of stakeholders including bankers, senior management, risk partners and regulators/ auditors

▪ Understanding of Investment Banking, Capital Markets, Corporate Banking and Commercial Leasing businesses and their products

▪ Drafts clear FLU reviews and makes appropriate recommendations, as necessary

▪ Control focused mindset and good understanding of regulatory and reputational risks

▪ Excellent communications skills and ability to present to an audience

▪ Independent and ability to multi-task and meet multiple timelines

▪ Ability to work under pressure in a team environment

▪ Self-motivated, driven and dedicated with desire to excel consistently

Benefits Of Working At Bank Of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men's health, women's health, fertility, menopause and pregnancy & parenthood

Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm

Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

Good conduct and sound judgment is crucial to our long-term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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