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 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. 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 19 cities 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.
This position is the Money Laundering Reporting Officer (MLRO) for Thailand. The company’s local and global regulators require that the Firm in Thailand has a central contact point for AML/CTF issues and suspicious activity filing in Thailand.
The incumbent will be responsible for developing and maintaining all jurisdictional and policy requirements for financial crimes in country, in accordance with the requirements of Company’s Global Financial Crimes Policy, to include the maintenance of the inventory of laws, rules and mentorship which form the jurisdiction’s legal framework relating to financial crimes compliance.
Our team is part of Global Compliance and Operational Risk, which is an independent, centralised governance and control function with responsibility for dedicatedly leading compliance and operational risks, including establishing program standards and policies and executing testing and monitoring. The mission of Global Compliance is to drive a Culture of Compliance with laws and regulations in pursuit of the highest ethical standards for our customers, employees and shareholders.
The Global Financial Crimes Compliance (“GFC”) Specialist, under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (“ CRM”) Program and the Financial Crimes Global Policy:
- Identifying relevant regulatory change, updating the Thailand Country Standard, and notifying relevant stakeholders of the change and potential impact;
- Conducting financial crimes risk assessments when required by either GFCC or local regulatory requirements;
- Identifying, building and executing appropriate monitoring and testing activities;
- Identifying and reporting any matter relating to the implementation or execution of the Company’s Financial Crimes Compliance Policy and Standards, as applicable, to the Financial Crimes APAC Executive and Thailand Local Management Team;
- The provision of meaningful management of information, including review and production of Key Risk Indicators and Key Performance Indicators;
- Execute governance and management routines;
- Leading the completion and timely submission of any regulatory reporting required under the legal framework of the jurisdiction;
- Lead or handle, as applicable, any internal Corporate Audit or regulatory examination conducted by a regulator in the jurisdiction for which the MLRO is responsible, in line with the Company’s Regulatory Exam Standards;
- Leading and overseeing the GFC training curriculum for the legal entities in Thailand;
- Specific Accountabilities relating to Investigations. MLROs are accountable for analysing, investigating and resolving any investigative case assigned to them, as defined by regional or local practices, and making any necessary regulatory reporting
- At least ten (10) years experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory authority
- Anti-money laundering/financial crimes experience in a financial institution or government position in a Financial Services institution and/or related government entity is strongly desired
- Excellent written and verbal communication skills and solid influencing capability across all levels of management including very senior management and board levels and with regulators in Thailand or elsewhere in Asia
- Sufficient Thai language skills and ideally an established network in the Thailand regulatory and AML community
- Excellent relationship management skills
- Can make decisions in a rapidly changing environment
- Project management skills
- Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners
- Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work
- Genuine interest in the securities markets and banking world, regulation and changing legislation
- Experience in dealing with regulators
- Sound risk management skills and an ability to apply discernment, take decisions when required and to raise when necessary
- A flexible and solution driven perspective, able to solve problems and a determination to seek answers to complex issues
- The ability to synthesise laws, rules and regulations into practice
- Certifications: CAMS is preferred
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