AML Onboarding Specialist

Job Description:

Job Title: AML Onboarding Specialist

Corporate Title: Up to Assistant Vice President

Location: Chester or Bromley

Company Overview:

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!

Location:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you will find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Be part of something special at Bank of America Chester. Part of a leading global financial institution, we are looking for high potential individuals to join us in driving our people forward. Bank of America Chester is an exciting, diverse workplace where we are committed to delivering a great client experience to the businesses and individuals who call Chester home. Join our team today and find a rewarding, global career.

Job Description:

We have an exciting opportunity to join our AML Onboarding Team! AML Onboarding is responsible for onboarding of new clients to ensure that Bank of America meets both the regulatory and internal AML/KYC requirements.  The AML Onboarding team is responsible for reviewing and approving account opening documentation for the Bank’s branches in Europe and MENA countries. 

The Team:

The team has a vacancy for an individual with experience of reviewing and analyzing AML/KYC related documentation and information. The role includes conducting external research, piecing information together, creating a client profile from an AML perspective and identifying outliers compared with what is expected, but also maintain information electronically and of qualitative nature, therefore great attention to detail, besides strong analytical and organizational skills are sought.

Responsibilities:

• You will be responsible for ensuring that the business is compliant with all Bank policies and local AML requirements in the EMEA region
• You will ensure that documentation requirements are met and perform AML checks on new clients. This includes verification of information supplied by clients using external research via the Internet  
• You will review completed documentation when received back from client and if appropriate sign off documentation in compliance with local AML regulations
• You will provide guidance, advice, and training to other teams within the business on an ad-hoc basis
• You will liaise with business partners in Implementation, Sales, and local Compliance Officers in Europe

What we are looking for:

• You will have good knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPVs, etc.
• You will have good knowledge of AML/KYC requirements
• You will have the ability to work accurately to tight deadlines in a demanding environment.
• You will possess excellent MS Office skills

Skills that will help:

• Excellent communication skills (both oral and written)
• Excellent analytical and organizational skills
• Excellent attention to detail

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

Good conduct and sound judgment are crucial to our long-term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.