Senior Operations Associate – EMEA Anti Money Laundering (AML) Beneficial Ownership Registry (BOR) consultation

Job Description:

Job Title: EMEA AML – Beneficial Ownership Registry Consult

Corporate Title: AVP

Location: Dublin

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: Dublin

Find us at our Central Park office, Leopardstown, where you will find our state-of-the-art facilities based in Dublin’s premium business park. With an onsite gym, staff restaurant and coffee shop, all your daily needs are conveniently catered for. There are also a range of travel options available to staff, including the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park, which means getting to work has never been so easy.

Role Description:

The Senior Operations Associate will support the Beneficial Ownership Registry consultation process as a part of the broader AML/KYC program. A beneficial ownership registry is a system or database that records the individuals or entities that ultimately own or control a company or legal entity, even if they are not officially listed on company documents.  The role involves performing BOR consultation for clients post completion of the core AML Refresh activities, which includes analysing and resolving discrepancies, and filing reports with relevant agencies as needed. The environment is dynamic with the potential for additional jurisdictions to be added periodically.   

The candidate will need to be familiar with how to manage the work in a case management environment including liaising with multiple key stakeholders including AML Operations, Global Financial Crimes, Sales, and other support areas. The role requires someone who can work well independently with a risk adverse mindset.  The ideal candidate should have a working knowledge of Anti Money Laundering regulations.   

Responsibilities:

• Conducting BOR consultations for impacted clients.
• Reviewing discrepancies and identify materiality.
• Liaising with sales/ client outreach teams responsible for the collection of customer information used to validate client rationale for discrepancies where applicable.
• Reporting discrepancies to relevant agencies where required.
• Ensuring adherence to all jurisdictional requirements related to BOR consultation.
• Participating in internal/external Audits and Quality validation.    
• Tracking cases and ensuring timely completion.
• Participate in the implementation of BOR consultation processes for new jurisdictions

What we are looking for:

• Experience with Anti-Money Laundering, Know Your Customer/Client Due Diligence preferred.
• Familiarity with data capture and workflow applications/tools
• Ability to work in a dynamic production environment
• Able to work independently across multiple areas of the bank
• Able to meet, track and manage competing priorities and deadlines while maintaining and ensuring the accuracy of the data and reporting.   
• Verbal and written communications.
• MS Office Suite (Excel/Word/Outlook) skills.
• Ability to provide executive summaries

Benefits of working at Bank of America
Ireland

• 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 adult-care per annum
• 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, specified illness cover etc
• Use of a flex fund to use towards benefits
• Access to free counselling through an Employee Assistance Programme and virtual GP services
• Opportunity to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to join 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.