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 role sits under the Global Economic Sanctions (GES) function, and is responsible for the day-to-day resolution of complex sanctions-related problems and the research and execution of complex transactions. Key responsibilities of the role include reviewing complex sanctions alerts based on local jurisdictions’ regulations, analyzing and interpreting sanctions regulations in decision making of sanctions alerts, and act as the liaison for all economic sanctions compliance matters for client management and key regional clients (where required).
Responsibilities:
• Apply knowledge of economic sanctions laws, rules and regulations in the non-US (EMEA and APAC) regions to the disposition of sanctions alerts generated on customer or transactional data.
• Working an operational queue environment of sanctions alerts in a timely and accurate manner.
• Liaison with stakeholders are required to resolve alerts, e.g. country MLROs, Sanctions Ops (SSCoE), Legal as required.
• Drafting relevant regulatory reporting as required and working with the relevant MLROs to ensure the appropriate filings are made.
• Escalating key items for MLRO awareness as required.
• Producing metrics and reporting on volumes/decisions/ reporting, etc.
• Establishing periodic Monitoring & Testing routines
• Communicating MI and M&T results as to relevant stakeholders/ forum as required.
• Continually looking for opportunities to strengthen reporting, governance and the controls environment and process around alert reviews.
• Supporting the wider Global Economic Sanctions (GES) team and regional GES Execs on other sanctions matters as and when required.
Skills:
• Significant experience and knowledge of non-US economic sanctions program requirements, particularly with EU, UK, and APAC-related sanctions regulations.
• Experience with the disposition of sanctions alerts or similar both in a transactional and customer setting
• Possess a strong risk framework and approach, and the ability to manage the risk-reward trade off; follows the proper risk routines to achieve the right outcomes for the business.
• Analytical and detail oriented.
• Good oral and written communications skills.
• Understanding of US OFAC sanctions
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 role sits under the Global Economic Sanctions (GES) function, and is responsible for the day-to-day resolution of complex sanctions-related problems and the research and execution of complex transactions. Key responsibilities of the role include reviewing complex sanctions alerts based on local jurisdictions’ regulations, analyzing and interpreting sanctions regulations in decision making of sanctions alerts, and act as the liaison for all economic sanctions compliance matters for client management and key regional clients (where required).
Responsibilities:
• Apply knowledge of economic sanctions laws, rules and regulations in the non-US (EMEA and APAC) regions to the disposition of sanctions alerts generated on customer or transactional data.
• Working an operational queue environment of sanctions alerts in a timely and accurate manner.
• Liaison with stakeholders are required to resolve alerts, e.g. country MLROs, Sanctions Ops (SSCoE), Legal as required.
• Drafting relevant regulatory reporting as required and working with the relevant MLROs to ensure the appropriate filings are made.
• Escalating key items for MLRO awareness as required.
• Producing metrics and reporting on volumes/decisions/ reporting, etc.
• Establishing periodic Monitoring & Testing routines
• Communicating MI and M&T results as to relevant stakeholders/ forum as required.
• Continually looking for opportunities to strengthen reporting, governance and the controls environment and process around alert reviews.
• Supporting the wider Global Economic Sanctions (GES) team and regional GES Execs on other sanctions matters as and when required.
Skills:
• Significant experience and knowledge of non-US economic sanctions program requirements, particularly with EU, UK, and APAC-related sanctions regulations.
• Experience with the disposition of sanctions alerts or similar both in a transactional and customer setting
• Possess a strong risk framework and approach, and the ability to manage the risk-reward trade off; follows the proper risk routines to achieve the right outcomes for the business.
• Analytical and detail oriented.
• Good oral and written communications skills.
• Understanding of US OFAC sanctions
💡 Quick Summary
Seeking a career-building opportunity? The Vice President| Global Financial Crimes Specialist |Sanctions 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.