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Assistant Vice President, AML/KYC Client Service Specialist

Seoul, KR

Job Description:

About Bank of America Merrill Lynch:

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 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. 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 23 offices 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.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

Main role will be to support bankers and to coordinate the onboarding and refresh efforts across the Korean entities, as well as between Korea GCIB and the Asia Onboarding and Refresh teams.

The aim is to reduce banker burden as well as to build up local institutional knowledge of the process and to increase efficiency.

Key Responsibilities

For Client Onboarding

  • Communicating with bankers about onboarding needs
  • Clarifying and confirming requirements in discussion with Asia Onboarding and Asia RDS
  • Performing sanctions check, anti-bribery, politically exposed persons (PEP) screening etc through various public sources or client, if necessary
  • Providing feedback to Asia Onboarding based on client responses to our requests, and asking for exceptions where necessary
  • Translating documents received from clients to be submitted
  • Following onboarding situations and communicating with bankers and onboarding teams to ensure timely onboarding completion
  • Communicating with relevant teams (KYC, GFCC, COO etc) upon possible bottleneck/delay

For Client Refresh

  • Clarifying local/global refresh needs regarding counterparties by communicating with various LOBs/entities to identify the responsible person(s)
  • Within Korea, coordinating between BANA-Seoul and MLI LLC (and within BANA Seoul coordinating between CBK and GM if necessary) to ensure all required documents are collected in a timely manner
  • Within Korea, coordinating document collection from firms, contacting bankers and clients in coordination with Asia Refresh team
  • Performing sanctions check, anti-bribery, politically exposed persons (PEP) screening etc through various public sources or client, if necessary
  • Support banker’s decision on negative news and confirmed hits by investigating background information and collecting relevant data.
  • Managing overall refresh schedules across entities
  • Translating required documents accurately and in a timely manner
  • Communicating with relevant teams (KYC, GFCC, COO etc) upon possible bottleneck/delay

Key Requirements

  • Ability to communicate in both Korean and English (for effective communication with internal teams in Asia as well as in Korea, as well as with Korean clients where necessary)
  • Be able to translate Korean document content accurately and quickly into English
  • Understand relevant Korean regulations so he/she can explain to bankers and to clients the reasons for our various requirements, as well to discuss issues with Onboarding and Refresh teams
  • Be double-hatted (i.e. a position allowed to support both BANA-Seoul and MLI LLC) and able to provide timely support to both entities, to be later confirmed by Korea Compliance

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

About Bank of America Merrill Lynch:

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 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. 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 23 offices 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.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

Main role will be to support bankers and to coordinate the onboarding and refresh efforts across the Korean entities, as well as between Korea GCIB and the Asia Onboarding and Refresh teams.

The aim is to reduce banker burden as well as to build up local institutional knowledge of the process and to increase efficiency.

Key Responsibilities

For Client Onboarding

  • Communicating with bankers about onboarding needs
  • Clarifying and confirming requirements in discussion with Asia Onboarding and Asia RDS
  • Performing sanctions check, anti-bribery, politically exposed persons (PEP) screening etc through various public sources or client, if necessary
  • Providing feedback to Asia Onboarding based on client responses to our requests, and asking for exceptions where necessary
  • Translating documents received from clients to be submitted
  • Following onboarding situations and communicating with bankers and onboarding teams to ensure timely onboarding completion
  • Communicating with relevant teams (KYC, GFCC, COO etc) upon possible bottleneck/delay

For Client Refresh

  • Clarifying local/global refresh needs regarding counterparties by communicating with various LOBs/entities to identify the responsible person(s)
  • Within Korea, coordinating between BANA-Seoul and MLI LLC (and within BANA Seoul coordinating between CBK and GM if necessary) to ensure all required documents are collected in a timely manner
  • Within Korea, coordinating document collection from firms, contacting bankers and clients in coordination with Asia Refresh team
  • Performing sanctions check, anti-bribery, politically exposed persons (PEP) screening etc through various public sources or client, if necessary
  • Support banker’s decision on negative news and confirmed hits by investigating background information and collecting relevant data.
  • Managing overall refresh schedules across entities
  • Translating required documents accurately and in a timely manner
  • Communicating with relevant teams (KYC, GFCC, COO etc) upon possible bottleneck/delay

Key Requirements

  • Ability to communicate in both Korean and English (for effective communication with internal teams in Asia as well as in Korea, as well as with Korean clients where necessary)
  • Be able to translate Korean document content accurately and quickly into English
  • Understand relevant Korean regulations so he/she can explain to bankers and to clients the reasons for our various requirements, as well to discuss issues with Onboarding and Refresh teams
  • Be double-hatted (i.e. a position allowed to support both BANA-Seoul and MLI LLC) and able to provide timely support to both entities, to be later confirmed by Korea Compliance

Learn more about this role

Full time

JR-22027112

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Benjamin Yiu

Referral Bonus:

0

Street Address

Primary Location:
136 SEJONGDAE-RO JUNG-GU, Seoul, 04520