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Officer, GBAM AML Analyst / Senior Analyst

Singapore, , Singapore

Job Description:

Your background

  • Experience in operational, risk, audit and/ or compliance roles
  • Relevant experience on Client Due Diligence review on corporate clients, Knowledge of APAC regulations & prior Onboarding / Periodic Review (Refresh) (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 Global Banking & Markets Anti-Money Laundering (GBAM AML) organization is a central control function which governs, facilitates, and oversees the global end-to-end GBAM AML program across all GBAM businesses and jurisdictions through implementation of processes and controls to effectively managing AML and economic sanctions risks. The team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) and covers refresh (periodic review) as its core activity. Additionally, there is a dedicated team responsible in reaching out to clients for KYC/CDD documentations in order to fulfil its due diligence requirements. The team also covers internal/external audits, remediation of AML KYC/CDD of bank clients.

We are looking for an AML Refresh Analyst to join the team. The ideal candidate should possess a very high attention to detail and demonstrable accuracy of work product with an interest in understanding AML KYC/CDD policies and requirements, enjoys performing investigations and will play an important role to safeguard interest of the bank. Experience in operational risk and compliance background will be a plus. Additionally, there will be endless opportunity to draw upon the knowledge of experienced individuals from a diverse range of backgrounds, to enhance your skillset and your ability to deliver value in this role.

What you will do

  • Perform document gap analysis by reviewing available documentation and evaluating information available publically or through vendors across multiple jurisdictions globally
  • Liaise with sales/ client outreach teams to obtain and validate correct documentation
  • Performs documentations review collected through sales/ client outreach team and KYC/AML by enriching KYC requests in the system, ensuring updates on system of records and performing enhanced due diligence as required
  • Support creation of key business metrics
  • Liaise with internal departments to support KYC issues
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Participate in Remediation, internal/external Audits

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.

Job Band:

H6

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • Experience in operational, risk, audit and/ or compliance roles
  • Relevant experience on Client Due Diligence review on corporate clients, Knowledge of APAC regulations & prior Onboarding / Periodic Review (Refresh) (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 Global Banking & Markets Anti-Money Laundering (GBAM AML) organization is a central control function which governs, facilitates, and oversees the global end-to-end GBAM AML program across all GBAM businesses and jurisdictions through implementation of processes and controls to effectively managing AML and economic sanctions risks. The team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) and covers refresh (periodic review) as its core activity. Additionally, there is a dedicated team responsible in reaching out to clients for KYC/CDD documentations in order to fulfil its due diligence requirements. The team also covers internal/external audits, remediation of AML KYC/CDD of bank clients.

We are looking for an AML Refresh Analyst to join the team. The ideal candidate should possess a very high attention to detail and demonstrable accuracy of work product with an interest in understanding AML KYC/CDD policies and requirements, enjoys performing investigations and will play an important role to safeguard interest of the bank. Experience in operational risk and compliance background will be a plus. Additionally, there will be endless opportunity to draw upon the knowledge of experienced individuals from a diverse range of backgrounds, to enhance your skillset and your ability to deliver value in this role.

What you will do

  • Perform document gap analysis by reviewing available documentation and evaluating information available publically or through vendors across multiple jurisdictions globally
  • Liaise with sales/ client outreach teams to obtain and validate correct documentation
  • Performs documentations review collected through sales/ client outreach team and KYC/AML by enriching KYC requests in the system, ensuring updates on system of records and performing enhanced due diligence as required
  • Support creation of key business metrics
  • Liaise with internal departments to support KYC issues
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Participate in Remediation, internal/external Audits

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.

Learn more about this role

Full time

JR-21018825

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Mitesh Rathod

Referral Bonus:

0

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499