Bank Of America MLRO 

Turkey 

739715186

Role Description:

The Money Laundering Reporting Officer for Turkey, under supervision, is responsible for implementing both the global Financial Crimes Policy and any local requirements. The incumbent will advise business units and control function partners on financial crimes risks associated with clients, products and services, and help design and maintain appropriate controls to mitigate the risk. The incumbent will work on a dynamic team with opportunities to engage with partners locally, in region, and globally.

Responsibilities:

• Acts as the registered MLRO for the Bank of America Yatirim Bank A.S. and fulfills all tasks set by Turkish financial crimes related Law, Regulations, Rules, Guidelines of all relevant regulatory bodies in country and regulatory communications with MASAK and other relevant regulators regarding financial crimes
• Supports local business and Global Financial Crimes (GFC) teams on various CDD/EDD inquiries and topics related with all areas fall under financial crimes including fraud
• Carries out manual transaction monitoring, investigations, SAR filing where needed, and provides support ensuring the control environment is effective
• Carries out GFC related risk assessments, surveys, new product and business initiative reviews as maybe necessary
• Produces and oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (“GC&OR”) Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers (trade associations, PACs, lobbyists, consumer groups, and media) in the EAC subject area to identify and mitigate emerging risks
• Identifies regulatory training needs and provides subject matter expertise to support the development of training curriculum
• Monitors the changes in regulations applicable to global financial crime, including advising business leaders on those changes
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Responsible for the remediation of financial crimes related C&OR “owned” issues and control enhancements to ensure they are addressed appropriately and timely
• Participates in the development and maintenance of the global financial crimes coverage plan which defines the scope and risk-based focus of the second line’s risk management activities and/or oversees execution of monitoring, testing, and risk assessments, communicate results
• Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

What we are looking for:

• Turkish Citizen
• Demonstrable years of anti-money laundering and financial crime experience in a similar or related role in a financial institution or with a regulatory or government authority
• Native Turkish speaker and fluent in English, engaging across various levels of stakeholders, including very senior stakeholders and board levels and with regulators in Turkey or elsewhere
• Bachelor’s degree in a related field is required
• Solid understanding of Turkish regulatory requirements
• Sound risk management skills and an ability to apply discernment, and to escalate concerns when necessary
• Excellent stakeholder communication skills
• Ability to self-identify priorities, deliver to deadlines
• Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work
• Able to deliver a flexible and solutions-driven perspective, to solve problems and to seek answers to complex issues
• The ability to synthesize laws, rules and regulations into practice

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.