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.
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.
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.
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
Bank Of America Corporation