Business Control Manager-Aml (Anti-Money Laundering) Enterprise And Country Standards Customer Due Diligence Desktop Tools Analyst

Bank Of America Corporation Addison , TX 75001

Posted 1 week ago

Job Description:

Line of Business Job Overview

As part of GT&O, the Enterprise Process Oversight (EPO) teams directly impact the firm's ability to achieve and sustain operating and regulatory excellence. The EPO teams oversee the execution of significant processes across the enterprise by partnering with Legal, Compliance and the Front Line Units (FLUs)/Control Functions (CFs). EPOs perform standard functions to identify and mitigate risks, achieve operating targets and consistently comply with applicable laws, rules and regulations.

Role Overview:

The AML EPO Customer Due Diligence (CDD) Desktop Tools Analyst is responsible for supporting the development, implementation, and support of a set of tools to provide clarity to GBAM Front Line Units (FLUs) and Operations teams with the Customer Due Diligence Standards.

Job Description:

  • Supports the development, implementation, support, and updates to the Enterprise CDD Desktop Tools and regional CDD Desktop Tools

  • Responsible for working with the regional AML EPO Policy/Standard leads and GFCC for updating CDD Desktop Tools based on regulatory requirements, changes to regulatory requirements and standards and working with FLUs to implement changes.

  • Responsible for working with GFCC (Global Financial Crimes Compliance), FLUs, Operations and teammates to provide training, support, and ongoing maintenance.

  • Support key Stakeholder routines for CDD Desktop Tools and appropriate governance forums

  • Monitor and respond to requests for change or exception to the CDD Desktop Tools from the FLUs and ensure they are submitted through the established governance routines, including ensuring adequate business justification, assessment of risk and mitigating controls

  • Proficient in Financial Crimes policy and standard requirements and provides guidance to FLU/Operations team to clarify with Compliance where unclear

  • Work horizontally across enterprise standards, country standards, and desktop procedures to identify areas for improving and simplification of CDD processes

Enterprise Role Description

Assist in the execution of internal control discipline and operational excellence within a LOB or ECF. Execute LOB/ECF specific processes and tools to drive adherence to enterprise-wide Standards. Support the implementation of QA/QC processes within the LOB/ECF through ongoing monitoring and testing of controls. Identify issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones. Acts as an ambassador of the risk culture. Develop and direct staff. Incumbents typically have over 8+ years of risk management and LOB/ECF experience.

Required Skills:

  • 2 4 years' experience in AML CDD (Customer Due Diligence)/KYC (Know Your Customer) with US and international regulatory environment and experience in regulatory change management and GBAM a preferred.

  • Strong understanding of AML CDD regulatory requirements and processes performed by FLU and Operations

  • Knowledgeable with Global Banking and Markets client onboarding and AML CDD operational processes that include onboard and refresh

  • Experienced in understanding policy/standard requirements, clearly and clearly writing reference procedures and/or QRG's (quick reference guides) for FLUs

  • Experienced in policy writing, operationalizing the policy and provide advisory on policy/regulatory requirements to help in development of desktop procedures

  • Detail-oriented to ensure quality and accurate work product

  • Ability to facilitate and drive consensus that includes effectively demonstrating influence with business partners and teammates

  • Experience working in high visibility, high pressure environments

  • Proactively builds trusted relationships with key partners

  • Motivated self-starter who takes ownership and can produce high quality results

  • Strong time management skills and adaptability to address shifting priorities and tight deadlines

  • Excellent written and verbal communication skills

  • Strong proficiency with MS Office - Excel, PowerPoint, Visio, and SharePoint

  • Undergraduate College Degree preferred

Posting Date: 11/13/2018

Location: Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD, Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST, Addison, TX, BUILDING I, 16001 N DALLAS PKWY, - United States

Travel: Yes, 5% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

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Business Control Manager-Aml (Anti-Money Laundering) Enterprise And Country Standards Customer Due Diligence Desktop Tools Analyst

Bank Of America Corporation