Bank Of America Assistant Manager 

India, Telangana, Hyderabad 

942963666

Job Description

The purpose of the job is to report and analyze data around completeness and accuracy of the “Know Your Customer” data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures. In addition, this job is to ensure that the appropriate Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies. This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.

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 : 4-6 Years of relevant experience in AML/KYC/CDD or related function.

Foundational skills:

• Understanding of Global Markets; Capital Markets
• Hands on understanding of AML / KYC business
• 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.

: Should be flexible across all shifts – ASIA, EMEA & AMRS regions. Candidate may be required to support any region basis business shifts, including late evening/night shifts or early morning/afternoon shifts