Bank Of America Team Developer 

India, Telangana, Hyderabad 

332858922

Process Overview

AML On-boarding function delivers support for Global Banking and Markets business with End-to-End AML/KYC On-boarding process. The team is responsible for adherence to client regulatory requirements as part of the Onboarding process.

Responsibilities:

• Strong written and oral communication skills
• Hands on understanding of AML On-boarding process
• Complete AML On-boarding assigned activities and adhere to quality standards and timelines
• Ability to multi-task and manage multiple cases in a fast-paced deadline driven environment.
• Drive process improvement initiatives aimed to improve client experience
• Ensuring that the business is compliant with all Bank policies and local legal requirements globally
• Ensuring that documentation requirements are met and perform Anti-Money Laundering checks on existing clients. This includes independent verification of information supplied by using external research via publicly approved sources.
• Review completed documentation from client and sign off in compliance with local AML regulations
• Following up on all outstanding issues/escalations.
• Provisioning of guidance, advice and training to other teams with the business on an ad-hoc basis
• Liaising with business partners in Global Finance Crimes Compliance, Onboarding, Sales and Local Compliance Officer in Europe
• Maintain a current understanding of global issues, risk and events that could affect client risk level. Ensure all requirements are adhered too.
• Provide on-the-ground expertise on Client Due Diligence requirements (global jurisdictions) as well as Quality Assurance Process. Day to day ongoing coaching deliver and Review QA/QC results from Quality Control team and address training deficiencies
• Timely escalation and follow up of aged cases to provide visibility to Leadership.
• Build relationships with AML Investigations units and effectively communicate and transfer information for case investigation
• Ensure the highest standard of quality is adhered too and drive process efficiency opportunities.

Requirements:-

Education : Graduate and Preferable MBA

Certifications: Preferably ACAMS Certification

Experience Range : > 9 Years of relevant experience in AML/KYC/CDD or related function.

Foundational skills: Hands on understanding of AML / KYC business

• Understanding of Global Markets; Capital Markets
• Understanding of AML Regulations & Requirements
• Understanding of basic AML & Due Diligence terminologies – OFAC; SPF/PEP, Negative News, FATF etc.

Desired skills

• Knowledge of AML/CTF and Sanctions is essential. Must be working in a similar role within the Banking and Capital Markets Industry
• Knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPV’s, Complex Structures, SPF/PEP, Negative News, etc.
• Familiarity with Global Banking and market products and knowledgeable of regulatory environment, risk framework, policies & standards.