Assistant Vice President, AML Onboarding Advisor

Job Description:

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!

Job Description:
Full Time Employee to lead the Bank of America Securities India (BofaSI) AML Onboarding team. The team supports the Anti-Money Laundering (AML) Onboarding process. The team covers new client onboarding, expansion, data maintenance as its core activities and are responsible for completing AML/CDD checks in line with country standards and CIP/CDD procedures.

Responsibilities:

• Lead for a team of 4 associates
• Perform document gap analysis by self-sourcing and reviewing available documentation.  Evaluating information available publicly or through vendors for India jurisdiction.
• Liaise with sales/client teams to obtain and validate correct documentation
• Process AML/CDD by enriching onboarding requests in the system of record and performing enhanced due diligence as required
• Support creation of key business metrics
• Liaise with internal departments to support KYC issues - Involvement in ad hoc projects for new processes or industry initiatives
• Participate in remediations, internal/external Audits Requirements
• Control focused mindset and good understanding of regulatory and reputational risks (knowledge of SEBI requirements a plus)
• Ability to work under pressure in a dynamic team environment.
• Ability to liaise with all levels of the firm and people with different experiences and backgrounds.
• Collaborate closely with business partners to onboard client locally and regionally.

Requirements:

• Excellent communications skills and ability to present to an audience.
• Ability to work under pressure in a team environment.
• Ability to liaise with all levels of the firm and people with different experiences and backgrounds.
• Self-motivated Bank of America Merrill Lynch is an equal opportunities employer.

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