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The Global Banking & Markets Anti-Money Laundering Analyst

Mumbai, , India

Job Description:

Your background

  • 4-5 years’ experience in AML/KYC and 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 internal and external stakeholders and deal with people with different experiences and backgrounds and be able to get work done.
  • Self-motivated and assertive.

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.

What you will do

  • As part of India Control function, review refresh requirements for India jurisdiction in line with India CIP/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.
  • Liaise with sales/ clients to obtain and validate correct documentation.
  • Performs documentations review collected through sales/clients to ensure all Refresh requirements are met.
  • Support business with KYC related queries and requests.
  • Creation and updation of records in Central KYC Registry.
  • Ensure all India regulatory requirements related to KYC are adhered to.
  • Participate in Remediation, internal/external Audits
  • Maintain KYC records and documents for regulatory adherence.

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:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • 4-5 years’ experience in AML/KYC and 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 internal and external stakeholders and deal with people with different experiences and backgrounds and be able to get work done.
  • Self-motivated and assertive.

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.

What you will do

  • As part of India Control function, review refresh requirements for India jurisdiction in line with India CIP/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.
  • Liaise with sales/ clients to obtain and validate correct documentation.
  • Performs documentations review collected through sales/clients to ensure all Refresh requirements are met.
  • Support business with KYC related queries and requests.
  • Creation and updation of records in Central KYC Registry.
  • Ensure all India regulatory requirements related to KYC are adhered to.
  • Participate in Remediation, internal/external Audits
  • Maintain KYC records and documents for regulatory adherence.

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-21048853

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Clara Luk

Referral Bonus:

0