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Account Opening & Review Specialist

Bromley, , United Kingdom

Job Description:

Job Title: AML/KYC Account Opening & Review Specialist

LOB: Global Markets Operations

Corporate Title: Officer

Location: Bromley

Our AML/KYC On-boarding function in Bromley is looking for an Account Opening & Review Specialist responsible for AML/KYC On-boarding process for Global Markets’ clients.

The ideal candidate will demonstrate a solid knowledge of AML/KYC requirements or Economic Sanctions laws and regulations gained within a corporate environment. The role requires the ability to develop strong partnerships and coordination with business partners in Global Finance Crimes Compliance, Fulfilment, Sales and Local Compliance Officer in Europe.

In exchange we offer excellent career development opportunities that you could expect from a Tier 1 organisation and a real chance to shape the way the team provides an engaging and effective service to its client base.

Responsibilities:

  • Ensuring that the business is compliant with all Bank policies and local legal requirements globally
  • Ensuring that documentation requirements are met and perform Anti-Money Laundering checks on existing clients.  This includes independent verification of information supplied by using external research via publicly approved sources.
  • Reviewing of completed documentation when received back from client and if appropriate sign off documentation in compliance with local AML regulations
  • Following up on all outstanding issues/escalations.
  • Provisioning of guidance, advice and training to other teams with the business on an ad-hoc basis
  • Liaising with business partners in Global Finance Crimes Compliance, Onboarding, Sales and Local Compliance Officer in Europe

The Team

Global Markets Operations (GMO) delivers support for Global Markets sales, trading and underwriting businesses, and certain shared services across securities, derivatives, foreign exchange, futures, options and commodities products for Corporate Treasury, Corporate Investment Portfolio and Wealth Management.  The Client Operational Services (COS) division has horizontal responsibility across Global Markets, and serves as the primary interface to our internal Global Markets Sales teams and our clients. The AML On-boarding function delivers support for Global Banking and Markets business with End to End AML/KYC On-boarding process.

Skills Required:

  • Solid knowledge of AML/KYC requirements or Economic Sanctions laws and regulations gained within a corporate environment is essential
  • Good MS Office skills
  • Excellent communication skills (both spoken and written)
  • A flexible, team spirited approach with the ability to work independently
  • Proven ability to work accurately to tight deadlines in a demanding environment
  • Solid organizational skills
  • Ability to apply Critical Thinking
  • Analytical and problem-solving skills
  • Familiarity with cash management products, specifically Global Markets, would be an advantage
  • A good knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPVs, etc. would be an advantage
  • Fluency in another European language alongside English would be an advantage

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: AML/KYC Account Opening & Review Specialist

LOB: Global Markets Operations

Corporate Title: Officer

Location: Bromley

Our AML/KYC On-boarding function in Bromley is looking for an Account Opening & Review Specialist responsible for AML/KYC On-boarding process for Global Markets’ clients.

The ideal candidate will demonstrate a solid knowledge of AML/KYC requirements or Economic Sanctions laws and regulations gained within a corporate environment. The role requires the ability to develop strong partnerships and coordination with business partners in Global Finance Crimes Compliance, Fulfilment, Sales and Local Compliance Officer in Europe.

In exchange we offer excellent career development opportunities that you could expect from a Tier 1 organisation and a real chance to shape the way the team provides an engaging and effective service to its client base.

Responsibilities:

  • Ensuring that the business is compliant with all Bank policies and local legal requirements globally
  • Ensuring that documentation requirements are met and perform Anti-Money Laundering checks on existing clients.  This includes independent verification of information supplied by using external research via publicly approved sources.
  • Reviewing of completed documentation when received back from client and if appropriate sign off documentation in compliance with local AML regulations
  • Following up on all outstanding issues/escalations.
  • Provisioning of guidance, advice and training to other teams with the business on an ad-hoc basis
  • Liaising with business partners in Global Finance Crimes Compliance, Onboarding, Sales and Local Compliance Officer in Europe

The Team

Global Markets Operations (GMO) delivers support for Global Markets sales, trading and underwriting businesses, and certain shared services across securities, derivatives, foreign exchange, futures, options and commodities products for Corporate Treasury, Corporate Investment Portfolio and Wealth Management.  The Client Operational Services (COS) division has horizontal responsibility across Global Markets, and serves as the primary interface to our internal Global Markets Sales teams and our clients. The AML On-boarding function delivers support for Global Banking and Markets business with End to End AML/KYC On-boarding process.

Skills Required:

  • Solid knowledge of AML/KYC requirements or Economic Sanctions laws and regulations gained within a corporate environment is essential
  • Good MS Office skills
  • Excellent communication skills (both spoken and written)
  • A flexible, team spirited approach with the ability to work independently
  • Proven ability to work accurately to tight deadlines in a demanding environment
  • Solid organizational skills
  • Ability to apply Critical Thinking
  • Analytical and problem-solving skills
  • Familiarity with cash management products, specifically Global Markets, would be an advantage
  • A good knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPVs, etc. would be an advantage
  • Fluency in another European language alongside English would be an advantage

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21062395

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
26 ELMFIELD RD, Bromley, BR1 1LR