AML - QA Analyst

Job Description:

Job Title: AML QA Analyst   

Corporate Title: Officer

Location: 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.

Job Description:

The Quality Assurance team provides operational support by monitoring the completion of critical customer due diligence requirements as directed by the Bank Secrecy Act and/or the Financial Crimes Global Standard with coverage extending to horizontal lines of business. The QA team is seeking to strengthen its risk management and infrastructure by focusing on key AML customer due diligence processes that have high risk and significant visibility. The incumbent for this position will be part of the QA team that is responsible for implementing the QA strategy across multiple lines of business by deploying enhanced control monitoring and reporting to drive process improvements and oversight.

This role interacts extensively with internal or external contacts to identify, research, analyse and communicate process defects for remediation. Maintains a culture of compliance and supports the identification, escalation, and timely mitigation of compliance risks. Applies knowledge and expertise to influence business managers and peers to ensure enforcement of the QA program. Notifies key stakeholders of trends and concerns to ensure timely response to quality issues. May interface with auditors, business, and support leaders.

Responsibilities:

• The incumbent will be responsible for executing testing that measures the adherence to AML/Financial Crimes Global Standard requirements and is accountable for accurate and timely test execution. 
• Executes testing in accordance with the QA program requirements including sampling adherence, defect communications and defect reconsider decisions.
• Assesses the design and effectiveness of the risk and control environment to support AML Onboarding and ensure adherence to enterprise-wide standards.
• Complies with controls and Quality Assurance practices to support business continuity efforts.
• Supports initiatives by identifying potential procedural updates, test script updates, and data discrepancies to enhance QA program success.
• Supports operational research required for regulatory exams, internal audits, and other monitoring and inspection reviews and captures data and information relevant to inspection metrics to support governance activities for dashboard reporting.

What we are looking for:

• Knowledge of AML/KYC requirements or Economic Sanctions laws and regulations gained within a corporate environment would be an advantage.
• Excellent analytical and communication skills (both oral and written in English
• Excellent organizational skills
• Ability to work in a face paced environment and deal with pressure.
• A flexible, team-spirited approach with the ability to work independently.
• Good MS Office skills

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 because 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.

​