Assistant Vice President, Ops Professional MKTS, Global Technology & Operations
Bank of America Corporation
Mumbai, IN
7d ago

Job Description :

About Bank of America Merrill Lynch :

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 mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Role Overview

AML Onboarding performs AML KYC / CDD for Global Banking and Markets clients of Bank of America Merrill Lynch. The team covers new client onboarding, expansion, as its core activities.

Additionally the team also covers internal / external audits, remediation of AML KYC / CDD of bank clients and will cover India.

Reviewing accuracy of documentation, screening, obtaining approvals from Compliance and Business are some of the high level activities involved in the process

Key Responsibilities

  • Manage a team of highly motivated individuals in a dynamic environment of regulatory & process change
  • Understand AML / KYC CDD Policies & processes
  • Process simplification & Improvement
  • Work and manage assigned Risk related remediation efforts
  • Liaise with internal departments to support KYC issues
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Participate in Remediations, internal / external Audits, regulatory exams
  • Point of contact for Business & Management when matters require attention
  • Metrics Reporting & Support creation of key business metrics
  • Key Requirements

  • Experience in similar role (preferred)
  • Prior Team management experience (team size of 4 or more)
  • Control focused mindset and good understanding of regulatory and reputational risks
  • Management reporting
  • Desired Skills

  • 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
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