Job Description
Job Description:
Job Description Summary:
• Follows established written procedures and guidelines, provides technical and analytical support in a global markets operations support function for one or more operations product areas.
• Uses established techniques to analyze and resolve complex operations support problems/initiatives requiring exception handling and/or coordination of multiple operational and/or product/services specialists to resolve.
• May assist in managing projects and/or introduction of new initiatives, systems, products and services and processes coordination across multiple operations functions.
• Employees will have college degree (Associates or higher) or comparable work experience.
Required skills include: expert Excel knowledge, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, ability and willingness to continuously learn on the job, ability to problem-solve and take ownership of process improvements, ability to work in a team environment, excellent verbal and written communication skills with ability to communicate with various stakeholders.
Desired skills include: Business, Finance, Accounting, Economics, or similar major preferred and a basic understanding of and/or experience in financial service industry. To be used for employees in Global Markets only.
Your background
• 4-5 years’ experience in AML/KYC and compliance roles.
• Relevant experience on Client Due Diligence review on Corporate clients, Knowledge of APAC regulations & prior Onboarding / Periodic Review (Refresh) (preferred)
• Control focused mindset and good understanding of regulatory and reputational risks
• Excellent communications skills and ability to present to audience
• Ability to work under pressure in a team environment
• Ability to liaise with internal and external stakeholders and deal with people with different experiences and backgrounds and be able to get work done.
• Self-motivated and assertive.
What you can expect
The Global Banking & Markets Anti-Money Laundering (GBAM AML) organization is a central control function which governs, facilitates, and oversees the global end-to-end GBAM AML program across all GBAM businesses and jurisdictions through implementation of processes and controls to effectively managing AML and economic sanctions risks. The team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) and covers refresh (periodic review) as its core activity. Additionally, there is a dedicated team responsible in reaching out to clients for KYC/CDD documentations in order to fulfil its due diligence requirements. The team also covers internal/external audits, remediation of AML KYC/CDD of bank clients.
We are looking for an AML Refresh Analyst to join the team.
What you will do
• As part of India Control function, review refresh requirements for India jurisdiction in line with India CIP/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.
• Liaise with sales/ clients to obtain and validate correct documentation.
• Performs documentations review collected through sales/clients to ensure all Refresh requirements are met.
• Support business with KYC related queries and requests.
• Creation and updation of records in Central KYC Registry.
• Ensure all India regulatory requirements related to KYC are adhered to.
• Participate in Remediation, internal/external Audits
• Maintain KYC records and documents for regulatory adherence.
About Bank of America
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!
Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 1+ cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies
Job Description Summary:
• Follows established written procedures and guidelines, provides technical and analytical support in a global markets operations support function for one or more operations product areas.
• Uses established techniques to analyze and resolve complex operations support problems/initiatives requiring exception handling and/or coordination of multiple operational and/or product/services specialists to resolve.
• May assist in managing projects and/or introduction of new initiatives, systems, products and services and processes coordination across multiple operations functions.
• Employees will have college degree (Associates or higher) or comparable work experience.
Required skills include: expert Excel knowledge, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, ability and willingness to continuously learn on the job, ability to problem-solve and take ownership of process improvements, ability to work in a team environment, excellent verbal and written communication skills with ability to communicate with various stakeholders.
Desired skills include: Business, Finance, Accounting, Economics, or similar major preferred and a basic understanding of and/or experience in financial service industry. To be used for employees in Global Markets only.
Your background
• 4-5 years’ experience in AML/KYC and compliance roles.
• Relevant experience on Client Due Diligence review on Corporate clients, Knowledge of APAC regulations & prior Onboarding / Periodic Review (Refresh) (preferred)
• Control focused mindset and good understanding of regulatory and reputational risks
• Excellent communications skills and ability to present to audience
• Ability to work under pressure in a team environment
• Ability to liaise with internal and external stakeholders and deal with people with different experiences and backgrounds and be able to get work done.
• Self-motivated and assertive.
What you can expect
The Global Banking & Markets Anti-Money Laundering (GBAM AML) organization is a central control function which governs, facilitates, and oversees the global end-to-end GBAM AML program across all GBAM businesses and jurisdictions through implementation of processes and controls to effectively managing AML and economic sanctions risks. The team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) and covers refresh (periodic review) as its core activity. Additionally, there is a dedicated team responsible in reaching out to clients for KYC/CDD documentations in order to fulfil its due diligence requirements. The team also covers internal/external audits, remediation of AML KYC/CDD of bank clients.
We are looking for an AML Refresh Analyst to join the team.
What you will do
• As part of India Control function, review refresh requirements for India jurisdiction in line with India CIP/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.
• Liaise with sales/ clients to obtain and validate correct documentation.
• Performs documentations review collected through sales/clients to ensure all Refresh requirements are met.
• Support business with KYC related queries and requests.
• Creation and updation of records in Central KYC Registry.
• Ensure all India regulatory requirements related to KYC are adhered to.
• Participate in Remediation, internal/external Audits
• Maintain KYC records and documents for regulatory adherence.
About Bank of America
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!
Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 1+ cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Vice President AML Ops position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
