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Assistant Vice President, AML Onboarding Quality Assurance

Singapore, , Singapore

Job Description:

Your background

Required Skills:
. Two+ years of operations or risk management experience, with at least one year of AML/KYC experience; APAC Customer Due Diligence experience strongly preferred
. Self-starter, proactive, and able to work independently
. Ability to work in a fast-paced environment where business needs/ priorities may change
. Strong analytical and problem solving skills - able to connect the dots and make sense of information across multiple data points upstream/ downstream that may not be easily noticeable
. Communicates clearly and effectively across all levels.
. Excellent organizational and time management skills with ability to meet deadlines
. Attention to detail, with an ability to identify risks and issues and suggest improvements

Desired Skills:
. Background in Operations, Client Data, Quality Assurance, Independent Testing, or Audit, Risk/Control
. Proficiency in various MS tools including Excel (pivot tables, v-lookup and Macros), PowerPoint, and SharePoint
. CAMS certification

Other Qualifications
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

Client Operational Services (COS) is part of the Global Markets organization within Global Banking and Markets Operations (GBAM Ops).  Client Operational Services has horizontal responsibility across Global Markets, and serves as the primary interface to our internal Global Markets Sales teams and our clients. Within COS, the COO, Risk and QA team have responsibility for embedding risk culture and focus on thematic remediation. Additionally, the team provides direct support to Operations LOB teams through on-going assessment and monitoring of processes and controls, debating and raising risk items and control breakdowns, executing post process Quality Assurance monitoring and testing, and inspecting our AML on-boarding and other High Risk Processes.

The COS Risk and QA team play a pivotal role in the implementation of the firm's Risk Framework across the organization, working closely with the business and other support partners. This role will assist in the execution of internal operational process, discipline and excellence within the AML Onboarding Quality Assurance team and across multiple lines of business in the bank. The person who assumes this role will execute on horizontal oversight controls for operational processes to drive adherence to regulations, laws, policies, and standards. The strongest candidates will have a passion for problem solving, great partnership and communication skills, and deep operational subject matter expertise. 

What you will do

Responsibilities include:
. Reviewing accuracy of documentation, client information, screening, and required approvals from Compliance
. Providing an independent assessment of control and risk issues
. Working with Operations line management to strengthen the control environment and improve control culture & practices
. Liaising with internal departments to support KYC issues
. Supporting PPQA review activity across multiple regions when required

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:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

Required Skills:
. Two+ years of operations or risk management experience, with at least one year of AML/KYC experience; APAC Customer Due Diligence experience strongly preferred
. Self-starter, proactive, and able to work independently
. Ability to work in a fast-paced environment where business needs/ priorities may change
. Strong analytical and problem solving skills - able to connect the dots and make sense of information across multiple data points upstream/ downstream that may not be easily noticeable
. Communicates clearly and effectively across all levels.
. Excellent organizational and time management skills with ability to meet deadlines
. Attention to detail, with an ability to identify risks and issues and suggest improvements

Desired Skills:
. Background in Operations, Client Data, Quality Assurance, Independent Testing, or Audit, Risk/Control
. Proficiency in various MS tools including Excel (pivot tables, v-lookup and Macros), PowerPoint, and SharePoint
. CAMS certification

Other Qualifications
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

Client Operational Services (COS) is part of the Global Markets organization within Global Banking and Markets Operations (GBAM Ops).  Client Operational Services has horizontal responsibility across Global Markets, and serves as the primary interface to our internal Global Markets Sales teams and our clients. Within COS, the COO, Risk and QA team have responsibility for embedding risk culture and focus on thematic remediation. Additionally, the team provides direct support to Operations LOB teams through on-going assessment and monitoring of processes and controls, debating and raising risk items and control breakdowns, executing post process Quality Assurance monitoring and testing, and inspecting our AML on-boarding and other High Risk Processes.

The COS Risk and QA team play a pivotal role in the implementation of the firm's Risk Framework across the organization, working closely with the business and other support partners. This role will assist in the execution of internal operational process, discipline and excellence within the AML Onboarding Quality Assurance team and across multiple lines of business in the bank. The person who assumes this role will execute on horizontal oversight controls for operational processes to drive adherence to regulations, laws, policies, and standards. The strongest candidates will have a passion for problem solving, great partnership and communication skills, and deep operational subject matter expertise. 

What you will do

Responsibilities include:
. Reviewing accuracy of documentation, client information, screening, and required approvals from Compliance
. Providing an independent assessment of control and risk issues
. Working with Operations line management to strengthen the control environment and improve control culture & practices
. Liaising with internal departments to support KYC issues
. Supporting PPQA review activity across multiple regions when required

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-21064213

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Adeline Chan

Referral Bonus:

0

Street Address

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