Director Global Financial Crimes Manager Mlro jobs at Bank Of America in Malaysia, Kuala Lumpur

Responsibilities

• New sales wins, revenue growth and retention within a predefined portfolio as a corporate sales consultant across all BofA markets – across treasury, trade, and FX.
• Engage key decision makers of the largest and most demanding clients advancing the relationships from 1) access 2) dialogue 3) material relationship 4) pipeline 5) mandate, to 6) strategic advisor.
• Work closely with other regions and corporate banking team to deliver solution to our clients.
• Pro-active approach to sales, sending unsolicited proposals, lead client engagement and pitches / presentations.
• Respond to RFPs (request for proposal).
• Constantly review client names to ensure that the names achieve and maintain hurdle profitability levels or exit the relationship based on the Bank’s business objectives.
• Identify and implement revenue opportunities for names assigned via cross-sell opportunities through ongoing discussions with clients.
• Coordinate with implementation and services teams to ensure a smooth implementation and high client satisfaction.
• Ensure timely resolution ofrelationship-sensitiveclient servicing issues within the organization and act as the senior escalation point inrelationship-sensitivekey service issues.
• Completion of ad-hoc projects related to names and accounts.

Requirements

• Relevant cash and trade sales or relationship management experience within a top tier international/ regional bank.
• Proven track record in managing complex cash and trade deals for multinational corporations.
• Excellent written and oral communication skills in English.
• Strong presentation skills.
• Strong inter-personal and organizational skills.
• Able to successfully develop and maintain collaborative working relationships.
• Strong financial skills.
• Knowledge of Corporate Treasury functions.
• Strong client engagement skills with an unwavering focus on client satisfaction and growing business.
• A strong team player who understands how to leverage various businesses functions/partners to drive business growth and support the US client management and sales teams.
• Willing to travel cross-regions and within the region.
• Strong PC skills (Word, Excel, PowerPoint, etc).

Role is to perform regulatory reporting (NFRR) and client onboarding process for the Global Markets Operations team at Bank of America Malaysia Berhad. Candidate must also be on hand to offer client service functions and deal with all stakeholder queries and manage the relationships between our external and internal stakeholders. Up to date market knowledge and on regulatory changes within the regulatory reporting primarily in Global Market regulatory reporting requirement.Directly interacting with clients and regulators to ensure compliance of regulatory reporting requirement.
• Prepare and submit all related regulatory reporting primarily Cash BOPs, CCRIS, AOO, OTC and other related Global Market reporting requirement accurately, completely and timely.
• Facilitate the client onboarding process for Global Market counterparties.
• Follow - up and escalate on non- compliance of regulatory requirement
• Liaise with traders, on-boarding team, internal and external clients.
• Source and request SSI and static setup for counterparties and instruments.
• Professional and detailed communication with the relevant stakeholders to resolve differences in a timely matter.
• Uphold controls and procedures for the team.

- Presentable, confident and client focused. Client facing experience or ability to conduct discussions with Clients in a confident manner.
· Good 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 and able to work minimal supervision. Candidate will be able to manage own time and know when to escalate.
· Knowledge of Operational Risk, Sanctions and Funding process
· Understanding of the Malaysia regulatory environment as it relates to banking and Markets products

Role is to perform regulatory reporting (NFRR) and client onboarding process for the Global Markets Operations team at Bank of America Malaysia Berhad. Candidate must also be on hand to offer client service functions and deal with all stakeholder queries and manage the relationships between our external and internal stakeholders. Up to date market knowledge and on regulatory changes within the regulatory reporting primarily in Global Market regulatory reporting requirement.Directly interacting with clients and regulators to ensure compliance of regulatory reporting requirement.
• Prepare and submit all related regulatory reporting primarily Cash BOPs, CCRIS, AOO, OTC and other related Global Market reporting requirement accurately, completely and timely.
• Facilitate the client onboarding process for Global Market counterparties.
• Follow - up and escalate on non- compliance of regulatory requirement
• Liaise with traders, on-boarding team, internal and external clients.
• Source and request SSI and static setup for counterparties and instruments.
• Professional and detailed communication with the relevant stakeholders to resolve differences in a timely matter.
• Uphold controls and procedures for the team.
- Presentable, confident and client focused. Client facing experience or ability to conduct discussions with Clients in a confident manner.
· Good 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 and able to work minimal supervision. Candidate will be able to manage own time and know when to escalate.
· Knowledge of Operational Risk, Sanctions and Funding process
· Understanding of the Malaysia regulatory environment as it relates to banking and Markets products

Required

• Bachelor’s Degree with min 10 years of transaction banking experience
• Sound knowledge of financial products and solutions
• Knowledge of tax and regulatory environments
• Excellent written and oral communication skills in English and local language
• Strong presentation, consultative and relationship skills
• Sound knowledge of Microsoft office products i.e. PowerPoint, Excel, Word
• Understanding of global transaction banking best practices including knowledge about clearing houses and foreign exchange

Desired

• Strong leadership, managerial and interpersonal skills
• Experience of working in leading global bank for over 5 years in transaction banking
• Regional products & solutions

Job Description:

Job Description:

South-East Asia Local Talent Diversity Program (LTDP):

LTDP program focuses on hiring diverse and local talent in the SEA countries. This program has helped Bank of America:

• Attract graduates and junior talent into the local workforce.
• Create opportunities for overseas graduates/junior talent wanting to return to their home country and contribute to the local economy and develop resources for the local banking environment.

Key Responsibilities

• This role is focused on funding, liquidity and risk management.
• Under the direction of manager, responsibilities include:
• Automate funding and liquidity reports if possible.
• Enhance or improve existing funding and liquidity work processes.

Key Requirements

• Background in Mathematics, Accounting, Finance or Computer Science preferred.
• Minimum 1 – 3 years analytics work experience in Coding, Accounting or Finance.
• Critical skills and success factors include:
• Project management orientation
• Strong written and verbal communication skills
• Self-starter needing minimal direction.

Program details:

• 12 months contract role. We generally aim to offer the followings in this role:
  • Gain exposure to wider area of banking.
  • Provide sufficient length of time in one role to be able to contribute meaningfully.

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.

Responsibilities:

• Support execution of the financial crimes program in the Asia Pacific region, including but not limited to regulatory change, financial crimes policies and procedures management, risk assessments, issue management, monitoring and testing as well as any global or regional driven initiatives and projects.
• Supports the coordination and review of Front-Line Unit escalations on financial crimes inquiries, risks and concerns, including but not limited to deals, new products and customer due diligence in Asia Pacific region, with specific focus on Singapore and South East Asia.
• Supports the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front-Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments
• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Assists in the review of, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

• Stakeholder Engagement, across all working levels including senior management

• Regulatory Compliance

• Monitoring, Surveillance, and Testing

• Critical Thinking

• Risk Management

• Issue Management

• Policies, Procedures, and Guidelines Management

• Written Communications

• Talent Development

• Coaching

• Reporting

Minimum Education Requirement:

• University/college degree OR equivalent working experience in Self-Regulatory Organization/Government Entity experience

Job Description:

Job Description:

This position is for a Global Financial Crimes Manager to serve as the Money Laundering Reporting Officer (MLRO) for Malaysia. The company’s local and global regulators require that the Firm in Malaysia has a central contact point for AML/CTF issues and suspicious activity filing in Malaysia. The MLRO for Malaysia, under supervision, is responsible for implementing both the global Financial Crimes Policy and any local requirements.

The MLRO will be responsible for developing and maintaining all jurisdictional and policy requirements for financial crimes in country, in accordance with the requirements of Company’s Global Financial Crimes Policy, to include the maintenance of the inventory of laws, rules and mentorship which form the jurisdiction’s legal framework relating to financial crimes compliance.

Responsibilities:

The Global Financial Crimes Compliance (“GFC”) Manager under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (“ CRM”) Program and the Financial Crimes Global Policy:

• Identifying relevant regulatory change, updating the Malaysia Country Standard, and notifying relevant stakeholders of the change and potential impact.
• Conducting financial crimes risk assessments when required by either GFC or local regulatory requirements.
• Identifying, building and executing appropriate monitoring and testing activities.
• Identifying and reporting any matter relating to the implementation or execution of the Company’s Financial Crimes Compliance Policy and Standards, as applicable, to the Financial Crimes APAC Executive and Country Management Team.
• The provision of meaningful management of information, including review and production of Key Risk Indicators and Key Performance Indicators.
• Execute governance and management routines.
• Leading the completion and timely submission of any regulatory reporting required under the legal framework of the jurisdiction.
• Lead or handle, as applicable, any internal Corporate Audit or regulatory examination conducted by a regulator in the jurisdiction for which the MLRO is responsible, in line with the Company’s Regulatory Exam Standards.
• Leading and overseeing the GFCC training curriculum for the legal entities in Malaysia.
• Specific Accountabilities relating to Investigations. MLROs are accountable for analysing, investigating and resolving any investigative case assigned to them, as defined by regional or local practices, and making any necessary regulatory reporting.

Required Skills:

• At least ten (10) years’ experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory authority.
• Anti-money laundering/financial crimes experience in a financial institution or government position in a Financial Services institution and/or related government entity is strongly desired.
• Excellent written and verbal communication skills and solid influencing capability across all levels of management including very senior management and board levels and with regulators in Malaysiaese or elsewhere in Asia.
• An established network in the Malaysian regulatory and AML community.
• Excellent relationship management skills.
• Can make decisions in a rapidly changing environment.
• Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners.
• Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work.
• Sound risk management skills and an ability to apply discernment, take decisions when required and to raise when necessary.
• A flexible and solution driven perspective, able to solve problems and a determination to seek answers to complex issues.
• The ability to synthesize laws, rules and regulations into practice.

Desired Skills:

• CAMS Certification.
• Experience in dealing with regulators.
• Genuine interest in the securities markets and banking world, regulation and changing legislation.