AML Onboarding Senior Analyst

Job Description:

Job Title: AML Onboarding Specialist

Corporate Title: Assistant Vice President

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:

Full time employee to facilitate the AML Onboarding process within the Anti-Money Laundering Client Due Diligence (AML/CDD) onboarding function. Responsibility to ensure AML compliance with bank policies and country laws, rules and regulations (LRR’s).The team supports the Global Markets (GM) business and covers new client onboarding and product/market expansion as core activities. Jurisdictions include Europe, Middle East and Africa (EMEA) plus the United States.

Responsibilities:

• Perform document gap analysis (DGA) by reviewing all available client documentation and publicly available information from third party vendors
• Independent verification of client information from approved sources
• Liaise with client onboarding, trading desks or the client to obtain and validate the required documentation
• Complete AML/CDD by enriching onboarding requests in the workflow tool, perform enhanced due diligence as required
• Collaborate with Compliance (GFC), Screenings and Sanctions teams to drive the onboarding to achieve client Go-live deadlines
• Involvement in projects and initiatives simplify and improve the process
• Support creation of key business metrics
• Understand and identify key AML Risks

Requirements:

• 3-4 years of relevant AML/CDD experience in a similar role
• Strong knowledge of AML/CDD requirements (Subject Matter Expert - SME)
• A good knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPVs, etc.
• Excellent communications skills
• Strong organizational skills and attention to detail
• Ability to work under pressure in a team environment
• Ability to liaise with all levels of the firm and people with different experiences and diverse backgrounds
• Controls focused mindset and good understanding of regulatory and reputational risks
• Operational Excellence (OpEx) mindset - continuously look to advance technology, process and procedures

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

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.