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Vice President, Global Financial Crimes Compliance Manager

Bangkok, , Thailand

Job Description:

Your background

  • At least ten (10) years of anti-money laundering/financial crimes experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory or government authority;
  • Ability to influence with impact in both the Thai and English languages, engaging across various levels of management, including very senior management and board levels and with regulators in Thailand or elsewhere in Asia;
  • Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary;
  • Excellent relationship management skills;
  • Can make decisions in a rapidly changing environment;
  • Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;
  • Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work;
  • Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;
  • The ability to synthesize laws, rules and regulations into practice.

What you can expect

The MLRO for Thailand, under supervision, is responsible for implementing both the global Financial Crimes Policy and any local requirements. The incumbent will advise business units and control function partners on financial crimes risks associated with clients, products and services, and help design and maintain appropriate controls to mitigate the risk. The incumbent will work on a dynamic team with opportunities to engage with partners locally, in region, and globally.

Bank of America’s local and global regulators require that the Firm in Thailand to have a central contact point to manage anti-money laundering and counterterrorist financing (AML/CTF) issues and the reporting of suspicious activity in Thailand.

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, executing monitoring and testing and other compliance-related activities and interacting with regulators. 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 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 (GFC) Policy, to include the activities mentioned above, as they relate to financial crimes.

What you will do

The MLRO for Thailand, under supervision, assists GFC executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of financial crimes compliance risks in alignment with 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 GFC 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;
  • Advising business units on financial crimes risks and potential mitigating controls associated with clients, products, or services.
  • Providing meaningful management of information, including the review and production of Key Risk Indicators and Key Performance Indicators;
  • Executing governance and management routines;
  • Leading the completion and timely submission of any regulatory reporting required under the legal framework of the jurisdiction;
  • Leading, as applicable, any internal Corporate Audit or regulatory examination conducted 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 Thailand;
  • Analysing, investigating and resolving any investigative case assigned to them, as defined by regional or local practices, and making any necessary regulatory reporting of suspicious activity.

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:

H4

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • At least ten (10) years of anti-money laundering/financial crimes experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory or government authority;
  • Ability to influence with impact in both the Thai and English languages, engaging across various levels of management, including very senior management and board levels and with regulators in Thailand or elsewhere in Asia;
  • Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary;
  • Excellent relationship management skills;
  • Can make decisions in a rapidly changing environment;
  • Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;
  • Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work;
  • Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;
  • The ability to synthesize laws, rules and regulations into practice.

What you can expect

The MLRO for Thailand, under supervision, is responsible for implementing both the global Financial Crimes Policy and any local requirements. The incumbent will advise business units and control function partners on financial crimes risks associated with clients, products and services, and help design and maintain appropriate controls to mitigate the risk. The incumbent will work on a dynamic team with opportunities to engage with partners locally, in region, and globally.

Bank of America’s local and global regulators require that the Firm in Thailand to have a central contact point to manage anti-money laundering and counterterrorist financing (AML/CTF) issues and the reporting of suspicious activity in Thailand.

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, executing monitoring and testing and other compliance-related activities and interacting with regulators. 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 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 (GFC) Policy, to include the activities mentioned above, as they relate to financial crimes.

What you will do

The MLRO for Thailand, under supervision, assists GFC executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of financial crimes compliance risks in alignment with 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 GFC 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;
  • Advising business units on financial crimes risks and potential mitigating controls associated with clients, products, or services.
  • Providing meaningful management of information, including the review and production of Key Risk Indicators and Key Performance Indicators;
  • Executing governance and management routines;
  • Leading the completion and timely submission of any regulatory reporting required under the legal framework of the jurisdiction;
  • Leading, as applicable, any internal Corporate Audit or regulatory examination conducted 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 Thailand;
  • Analysing, investigating and resolving any investigative case assigned to them, as defined by regional or local practices, and making any necessary regulatory reporting of suspicious activity.

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-21060174

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Mitesh Rathod

Referral Bonus:

0

Street Address

Primary Location:
87/2 WIRELESS RD, Bangkok, 10330