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Vice President / Assistant Vice President, Global Financial Crimes Specialist

Singapore, , Singapore

Job Description:

Your background

Requirements

  • Deep understanding of economic sanctions regulations and law (OFAC, UN, EU, etc.) and the ability to apply that knowledge for risk analysis, monitoring and testing
  • Provide oversight of Front Line Units with matters involving economic sanctions concerns, specifically with understanding investment and corporate banking financing, products and terminology, as well as, review entity onboarding and refresh escalations
  • Knowledge on how to read and suggest changes to investment and corporate banking legal contracts that protect the Bank from economic sanctions risk
  • Provide oversight of financial market trades that have economic sanctions exposure
  • Support the management of the bank’s proprietary watch list used for triggering Economic Sanctions alerts requiring review
  • Ability to have discussions and communicate with senior band 3 executives; prepare presentations to regional and global rep risk committees; conduct risk analysis and research on economic sanctions matters

Qualifications

  • At least 3-5 years relevant experience dealing with Economic Sanctions risk analysis, Investment and Corporate Banking experience
  • Economic Sanctions  / Advisory background
  • Degree Required: Bachelor’s Degree or Equivalent
  • Preferred candidates with understanding of business, markets and products: FICC, FX Equities and commodities
  • Ability to handle multiple compliance projects in a dynamic environment and regional team setting.
  • Great business stakeholder management and communication skills.

What you can expect

The GFC Specialist, under supervision, assists Global Financial Crimes executives and managers, conducts independent Sanctions Risk Management in the region. The role holder is responsible for the execution of risk management responsibilities in areas such as; Sanctions risk assessments, issues management, monitoring and testing from a Sanctions compliance perspective. The GFC Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Sanctions Risk Management function.

What you will do

  • Be part of a global team with teammates located in the US, EMEA and APAC regions
  • Analyze clients that have exposure or conduct business related to economic sanctions matters
  • Review banking deals, market trades and vendor escalations that have economic sanctions
  • Document escalations in our internal case management tool
  • Interact with and support front line units and various operations teams
  • Participate in client discussions, conduct training and meet with senior leaders on economic sanctions matters

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

Requirements

  • Deep understanding of economic sanctions regulations and law (OFAC, UN, EU, etc.) and the ability to apply that knowledge for risk analysis, monitoring and testing
  • Provide oversight of Front Line Units with matters involving economic sanctions concerns, specifically with understanding investment and corporate banking financing, products and terminology, as well as, review entity onboarding and refresh escalations
  • Knowledge on how to read and suggest changes to investment and corporate banking legal contracts that protect the Bank from economic sanctions risk
  • Provide oversight of financial market trades that have economic sanctions exposure
  • Support the management of the bank’s proprietary watch list used for triggering Economic Sanctions alerts requiring review
  • Ability to have discussions and communicate with senior band 3 executives; prepare presentations to regional and global rep risk committees; conduct risk analysis and research on economic sanctions matters

Qualifications

  • At least 3-5 years relevant experience dealing with Economic Sanctions risk analysis, Investment and Corporate Banking experience
  • Economic Sanctions  / Advisory background
  • Degree Required: Bachelor’s Degree or Equivalent
  • Preferred candidates with understanding of business, markets and products: FICC, FX Equities and commodities
  • Ability to handle multiple compliance projects in a dynamic environment and regional team setting.
  • Great business stakeholder management and communication skills.

What you can expect

The GFC Specialist, under supervision, assists Global Financial Crimes executives and managers, conducts independent Sanctions Risk Management in the region. The role holder is responsible for the execution of risk management responsibilities in areas such as; Sanctions risk assessments, issues management, monitoring and testing from a Sanctions compliance perspective. The GFC Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Sanctions Risk Management function.

What you will do

  • Be part of a global team with teammates located in the US, EMEA and APAC regions
  • Analyze clients that have exposure or conduct business related to economic sanctions matters
  • Review banking deals, market trades and vendor escalations that have economic sanctions
  • Document escalations in our internal case management tool
  • Interact with and support front line units and various operations teams
  • Participate in client discussions, conduct training and meet with senior leaders on economic sanctions matters

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-21075723

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Hoey Mok

Referral Bonus:

0

Street Address

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