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Assistant Vice President/Vice President – Sr Business Control Specialist, GBAM AML

Singapore, , Singapore

Job Description:

Your background

  • Ideally a minimum of 5 years relevant work experience with AML programs and risk management, specifically screening (Politically Exposed Persons, Material Negative News and Sanctions)
  • Experience facing off against Audit and Regulators for regular and adhoc exams
  • Demonstrated ability to think strategically and execute tactically
  • Ability to read and understand complex matters, anticipate risks, and summarize key information
  • High attention to details and strong organizational skills
  • Strong written and verbal communication skills
  • Self-starter with excellent anticipation skills, problem solving; follow-up
  • Demonstrated dependability and ability to act with a sense of urgency
  • Ability to interact with people in all levels of the organization
  • Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
  • Ability to work in a fast paced and complex environment
  • Working knowledge of Global Banking & Markets and applicable systems/tools
  • Process improvement and six-sigma and/or data analysis experience
  • Proficient in Microsoft Office applications, including intermediate Excel, SharePoint and WebEx skills
  • Bachelor’s degree in related field or equivalent experience
  • CAMS certification

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. 

This candidate will provide regional APAC support for GBAM AML Screening which includes; Politically Exposed Persons, Material Negative News and Enhanced Due Diligence (EDD) for certain client types. This candidate will be responsible for oversight in region for the screening team presence and will be accountable for in-region Audit and Regulatory Exams. The candidate should have a strong risk management discipline and experience running operational processes. 

What you will do

  • Provide oversight and supervision for the team in region
  • Work extensively with our partners across the wider AML teams to provide seamless workflow
  • You will be the face off to the Audit and Regulator teams within APAC
  • Complete analysis and/or reviews of potential clients with alerts related to Material Negative News and Politically Exposed Persons
  • Ability to balance and prioritize across multiple deliverables and tight timelines
  • Assist with the implementation of process improvements or remediation plans to drive efficiencies and demonstrate control sustainability
  • Support the Audit & Exam process, ensure proper governance and protocol is followed; assist with preliminary research and response tracking
  • Engage with GBAM AML Process Owners and GBAM COOs to review and debate potential pipeline issues Coordinate across other GBAM support partners and stakeholders to ensure global process engagement
  • Identify issues and/or process improvements for remediation and sustainability
  • Acts as an ambassador of the risk culture

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

  • Ideally a minimum of 5 years relevant work experience with AML programs and risk management, specifically screening (Politically Exposed Persons, Material Negative News and Sanctions)
  • Experience facing off against Audit and Regulators for regular and adhoc exams
  • Demonstrated ability to think strategically and execute tactically
  • Ability to read and understand complex matters, anticipate risks, and summarize key information
  • High attention to details and strong organizational skills
  • Strong written and verbal communication skills
  • Self-starter with excellent anticipation skills, problem solving; follow-up
  • Demonstrated dependability and ability to act with a sense of urgency
  • Ability to interact with people in all levels of the organization
  • Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
  • Ability to work in a fast paced and complex environment
  • Working knowledge of Global Banking & Markets and applicable systems/tools
  • Process improvement and six-sigma and/or data analysis experience
  • Proficient in Microsoft Office applications, including intermediate Excel, SharePoint and WebEx skills
  • Bachelor’s degree in related field or equivalent experience
  • CAMS certification

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. 

This candidate will provide regional APAC support for GBAM AML Screening which includes; Politically Exposed Persons, Material Negative News and Enhanced Due Diligence (EDD) for certain client types. This candidate will be responsible for oversight in region for the screening team presence and will be accountable for in-region Audit and Regulatory Exams. The candidate should have a strong risk management discipline and experience running operational processes. 

What you will do

  • Provide oversight and supervision for the team in region
  • Work extensively with our partners across the wider AML teams to provide seamless workflow
  • You will be the face off to the Audit and Regulator teams within APAC
  • Complete analysis and/or reviews of potential clients with alerts related to Material Negative News and Politically Exposed Persons
  • Ability to balance and prioritize across multiple deliverables and tight timelines
  • Assist with the implementation of process improvements or remediation plans to drive efficiencies and demonstrate control sustainability
  • Support the Audit & Exam process, ensure proper governance and protocol is followed; assist with preliminary research and response tracking
  • Engage with GBAM AML Process Owners and GBAM COOs to review and debate potential pipeline issues Coordinate across other GBAM support partners and stakeholders to ensure global process engagement
  • Identify issues and/or process improvements for remediation and sustainability
  • Acts as an ambassador of the risk culture

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-21074812

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Asha Yadav

Referral Bonus:

0

Street Address

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