Guangzhou Money Laundering Reporting Officer

Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Your background

• 5+ Years of relevant work experience in Anti-Money Laundering, Fraud and/or Economic Sanctions
• Strong written and verbal communication skills and the ability to communicate and work with all levels within the organization
• Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary
• Must possess excellent time-management, problem solving, and critical thinking capabilities
• Ability to work across a matrix organization

Desired Skills

• Subject matter knowledge and experience in anti-money laundering (AML), Fraud and Economic Sanctions regulations in APAC
• Certified Anti-Money Laundering Specialist (CAMS) certification;
• Understanding of Banking products and Financial Crimes vulnerabilities
• Bachelor's Degree

What you can expect

The selected candidate will act as Guangzhou Money Laundering Reporting Officer (MLROs) executing on risk management activities. Responsibilities include partnering across GFC and Front-Line Units (FLU) to oversee financial crimes risk and to provide support on broader financial crimes risk associated with Asia clients, products and services. 

What you will do

• Identification and assessment of regulatory change and its impact to the branch. Review of Country Standard to ensure it reflects local AML/CFT regulatory requirements for Financial Crimes.
• Perform monitoring and testing activities of Front Line Unit (FLU) and control function (CF) -owned processes related to Customer Due Diligence activities against relevant AML/CFT law, rules and regulations, Non-Financial Regulatory Reporting, or other activities as required.
• Conduct financial crimes risk assessements of process risk, control and capability effectiveness across the branch
• Preparation of governance materials
• Identify, aggregate, report and escalate financial crimes risks, issues and control enhancements.
• Identify country financial crimes training needs and monitor FLU, CF and third party completion.
• Assist with preparation for, and participate in, financial crimes related regulatory exams and audits.
• Escalate financial crimes concerns to the Global Financial Crimes Manager or Executive.