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AML Onboarding Analyst

Bank of America

Bank of America

IT
Bromley, UK · United States · Remote
Posted on Wednesday, July 10, 2024

Job Description:

Job Title: AML Onboarding Analyst

Corporate Title: Officer

Location: Bromley

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. 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!

Location:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you will find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Job Description:

We have an exciting opportunity to join our AML Onboarding Team! The AML Onboarding Analyst is responsible for ensuring that the business is compliant with all Bank policies and local legal requirements for clients on-boarded to EMEA region. If you are an analytical individual with strong attention to detail, who enjoys the on-boarding of new clients to ensure compliance, regulatory and internal AML/KYC requirements are adhered to, then we have an exciting opportunity for you. We are looking for a person who would like to join KYC/AML On-Boarding team and take responsibility for reviewing and approving account opening documentation for the Bank's branches in its Europe, Middle East, and Africa division (EMEA).

Responsibilities:

  • You will Ensure that documentation requirements are met, and Anti-Money Laundering checks are performed at the time of client onboarding. This includes independent verification of information supplied by using external research via the internet, approved sources, and vendors.
  • You will Review completed documentation when received back from client and if appropriate sign off documentation in compliance with local AML regulations.
  • You will follow up on all outstanding issues/escalations.
  • You will provision guidance, advice, and training to other teams within the business on an ad-hoc basis.
  • You will liaise with business partners in Global Finance Crimes Compliance, Fulfilment, Global Banking and Markets Sales, and Local Compliance Officers across Europe.

What we are looking for:

  • You will have knowledge of AML/KYC requirements and Economic Sanctions laws/regulations gained within a corporate environment
  • You will have experience of Corporate AML/KYC documentation and AML regulations
  • You will have a Law degree or background ideally
  • You will have the ability to work in a fast-paced environment and manage business expectations

Skills that will help:

  • Strong analytical and communication skills (both oral and written in English)
  • Strong organizational skills
  • A flexible, team-spirited approach with the ability to work independently
  • A good knowledge of various corporate structures eg. Funds, Trusts, Partnerships, SPVs, etc.
  • Good MS Office skills

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, mental health first aiders and virtual GP services
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
  • 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 are 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 opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, 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.