Senior Analyst - GB & GM AML Analyst
Bank of America
Job Description:
Your background
- Knowledge of end-to-end CDD AML/KYC Corporate Experience
- Experience in operational, risk, audit and compliance roles (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 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 oversees the quality aspect of completed Refresh (Periodic review) cases and review refresh cases from Compliance Testing, as well as Audit and Exams in the APAC region. In addition, the Team covers subsequent remediation arising from internal/external audit findings, and/or uplifts in AML Country Regulations.
The successful candidate is a strong, decisive, results oriented individual. He/she should possess high-level attention to details and has a strong risk management discipline with experience running operational risk processes.
What you will do
- Provide support on Compliance Tests Results reviews, Regulatory Exams, Internal Audits and other reviews conducted.
- Review monthly published QA results and analyze Failed Requirements and root causes to provide feedback to Refresh Analysts and Managers.
- Perform drill down and investigation on background and history of refresh cases in accordance to AML KYC/CDD requirements.
- Support remediation activities from AML KYC/CDD uplifts, regulatory audit exams, etc.
- Assist with tracking, monitoring and reporting of action plan progress, evidence review and action steps closure
- Perform data analytics to support senior leadership reporting and identification of thematic issues
- Contributes to overall Refresh performance, drive process improvements and control performance sustainability
- Identify and support efforts to automate and improve monitoring of Issue/Control Enhancement remediation
- Liaise with internal teams to support KYC issues and resolution
- Involvement in ad hoc projects for new processes or industry initiatives
About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 23 offices 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.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
Job Band:
H6Shift:
Hours Per Week:
40Weekly Schedule:
Referral Bonus Amount:
0Job Description:
Your background
- Knowledge of end-to-end CDD AML/KYC Corporate Experience
- Experience in operational, risk, audit and compliance roles (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 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 oversees the quality aspect of completed Refresh (Periodic review) cases and review refresh cases from Compliance Testing, as well as Audit and Exams in the APAC region. In addition, the Team covers subsequent remediation arising from internal/external audit findings, and/or uplifts in AML Country Regulations.
The successful candidate is a strong, decisive, results oriented individual. He/she should possess high-level attention to details and has a strong risk management discipline with experience running operational risk processes.
What you will do
- Provide support on Compliance Tests Results reviews, Regulatory Exams, Internal Audits and other reviews conducted.
- Review monthly published QA results and analyze Failed Requirements and root causes to provide feedback to Refresh Analysts and Managers.
- Perform drill down and investigation on background and history of refresh cases in accordance to AML KYC/CDD requirements.
- Support remediation activities from AML KYC/CDD uplifts, regulatory audit exams, etc.
- Assist with tracking, monitoring and reporting of action plan progress, evidence review and action steps closure
- Perform data analytics to support senior leadership reporting and identification of thematic issues
- Contributes to overall Refresh performance, drive process improvements and control performance sustainability
- Identify and support efforts to automate and improve monitoring of Issue/Control Enhancement remediation
- Liaise with internal teams to support KYC issues and resolution
- Involvement in ad hoc projects for new processes or industry initiatives
About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 23 offices 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.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
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