Assistant Vice President, AML Refresh Lead, Global Banking and Markets
Bank of America Corporation
Mumbai, IN
15d 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

The GBAM Anti-Money Laundering (AML) Refresh 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 covers refresh (periodic review) as its core activity. Additionally the team also covers internal / external audits, remediation of AML KYC / CDD of bank clients.

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

Key Responsibilities

  • Resolve Business issues related to Refresh execution tactically and / or strategically
  • Interact and maintain quality engagement with stakeholders locally and regionally.
  • Oversee country level execution of team’s responsibility including local resource oversight
  • Review document gap analysis for clients of India’s BAML branch to ensure they match the country specific requirements
  • Secure documents from available government backed document repositories and provide to broader refresh team to enable processing
  • Work in matrix reporting environment and ensure regional processes are understood in-country. Likewise, ensure in-country business and process nuances are accounted in the regional processes
  • Serves as point of contact for AML Ops, GFCC and relevant approvers in client outreach document requests
  • Support specific bankers for their specific portfolio of clients in KYC and other related concerns.
  • Liaise with internal departments to facilitates, support and clarify AML / KYC topics.
  • Support creation of key business metrics
  • Escalations point for local management across Sales / Business.
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Participate in Remediation, internal / external Audits
  • Key Requirements

  • Experience in similar role (preferred)
  • Strong leadership qualities and result driven approach
  • Must be detailed oriented and ability to analyze and consolidate complex KYC information
  • Understanding and knowledge of the bank’s operational aspects of the products and services used by clients
  • Control focused mindset and good understanding of regulatory and reputational risks
  • Professional maturity and experience to interact with clients, senior bankers and senior management
  • Excellent communications skills and ability to present to an audience.
  • Ability to manage multiple projects at once and work effectively as an individual and as part of a team
  • Ability to work under pressure in a team environment.
  • Self-motivated
  • Step 2
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