Skip to main content

This job has expired

You will need to login before you can apply for a job.

Assistant Vice President - GBAM AML Remediation Analyst

Bank of America Corporation
Singapore, Singapore
Closing date
Mar 21, 2023

View more

Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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!

Your background
  • Experience in similar role (preferred)
  • Control focused mindset and good understanding of regulatory and reputational risks - (knowledge of Asia Markets requirements a plus)
  • Excellent communications skills and ability to present to an audience.
  • Ability to work under pressure in a team environment.
  • Ability to liaise with all levels of the firm and people with different experiences and backgrounds.
  • Self-motivated
  • What you can expect

The GB & GM Anti-Money Laundering (AML) Remediation team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) for Global Banking and Markets clients of Bank of America Merrill Lynch. This team is part of the Refresh organization which covers regulatory uplift and remediation of AML KYC/CDD requirements of bank clients. Additionally, the team also covers the subsequent remediation arising from internal/external audit findings, and/or uplifts in AML Country Regulations. The team is expected to work with APAC, EMEA, US & Canada jurisdictional rules. Reviewing accuracy of documents, screening, obtaining approvals from Compliance and Business including Management Reporting and ad hoc projects where required..

What you will do
  • Project lead end-to-end process of remediation work stream including analyze and understand the impact of AML regulation change on clients and the system of record, identify client population, discussions with FLUs, AML Policy, Compliance, Tech team and regularly update project status to Managers and relevant stakeholders, to ensure adequate and timely completion of processing in accordance with AML regulations.
  • Perform document gap analysis of Clients, review available documentation, evaluate publicly available information or through vendors for multiple global jurisdictions to assess Client outreach efforts and engage FLU for their partnership.
  • Independently liaise with sales/client teams to obtain and validate correct documentation.
  • Process KYC/AML by enriching KYC requests in the system and perform enhanced due diligence as required.
  • Create business metrics for reporting status on remediation workstreams.
  • Liaise with internal departments to support and resolve KYC issues
  • Simplification & continuous improvement of AML/ KYC CDD experience keeping end client in sight.
  • Participate in internal/external audits on remediation exercises conducted by the team
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Interact and maintain quality engagement with stakeholders regionally and globally.
  • Point of contact for Business & Management when matters require attention
  • Late evening calls can be expected.

Sign in to create job alerts

Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.

Create alert