AML Refresh -Operations Sr. Analyst MKTS Job at Bank of America Corporation, Richmond, VA

R1hFZW1WaUx3Rm9WMDFtdXAwWTdONGRIVVE9PQ==
  • Bank of America Corporation
  • Richmond, VA

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!


This job is responsible for providing moderately complex research, reporting, and analytical support for the delivery of end-to-end support for Global Markets sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives, and over-the-counter derivatives across multiple Lines of Business. Key responsibilities include carrying out duties under general supervision and assisting teammates while following established procedures.

Line of Business

Anti Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) is part of the Global Operations organization and is responsible for client AML/KYC refresh globally. The team supports the business in completing AML/KYC due diligence checks as well as maintaining client records.

Responsibilities:

  • Conducting client due diligence (CDD) and enhanced due diligence (ECDD) in accordance with internal policies, procedures and regulatory guidelines

  • Review of refresh requirements for assigned jurisdiction in line with related Client Identification Profile (CIP)/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.

  • Liaise with sales/ client outreach teams to obtain and validate correct documentation to fulfill refresh requirements

  • Perform client refresh through the review of client documentation, vendor databases and data entered into proprietary systems to ensure all refresh requirements are met

  • Ensure all jurisdictional regulatory requirements related to KYC are adhered to

  • Support business with KYC related queries and requests

  • Participate in remediation, internal/external Audits (where applicable)

  • Maintains accuracy of client portfolio using internal and external comparison tools

  • Performs research and conducts moderately complex analyses using established techniques, including transactions that require special handling and exception handling

  • Explores methods to enhance processes, further reduce risks, and boost client experience

  • Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting

  • Escalates potential risks and exposures to manager in a timely manner

  • Assists with ad-hoc projects, new processes, or initiatives requiring coordination among subject matter experts representing multiple product areas or functions

Job Requirements:

  • 2+ years of financial services experience

  • Excellent verbal and written communications skills

  • Documented experience performing in a process-oriented production environment that changes periodically

  • Familiar with MS Office Suite (Excel/Word/Outlook/Access)

  • Work in a team environment

  • Organize work, prioritize tasks and handle multiple assignments simultaneously

  • Successfully meet tight deadlines while ensuring data accuracy and integrity

  • Work and execute with minimal supervision or remote management   

Skills:

  • Attention to Detail

  • Critical Thinking

  • Data Collection and Entry

  • Recording/Organizing Information

  • Research

  • Fraud Management

  • Interpret Relevant Laws, Rules, and Regulations

  • Problem Solving

  • Quality Assurance

  • Risk Management

  • Adaptability

  • Customer and Client Focus

  • Prioritization

  • Result Orientation

  • Written Communications

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Tags

Full time, Remote work, Shift work, Day shift,

Similar Jobs

Midwest Logistic Systems

Midwest Logistics Systems Dedicated truck driver - 4 day work schedule Job at Midwest Logistic Systems

 ...per quarter. Longevity bonus of up to $750 per quarter. Weekly paychecks. Qualifications Valid Class A Commercial Drivers License (CDL). Live within 50 miles of Effingham, IL. Additional benefits ~ Medical, dental and vision insurance. ~ Disability... 

SeekTeachers

Librarian Job at SeekTeachers

Description Unlock a World of Imagination - School Librarian Needed in the UAE!Do you have a passion for fostering reading, literacy, and a love of learning? An outstanding international school in the UAE is seeking a creative School... 

Pupford

Creative Director Job at Pupford

 ...About Pupford: At Pupford, we believe creativity drives connection. Were a fast-growing pet brand known for helping pet parents build a better relationship with their pups. Were looking for a visionary Creative Director to lead and inspire our creative team, elevate... 

INSPYR Solutions

Research Assistant Job at INSPYR Solutions

 ...Title: Research Assistant Location: Redmond, WA Duration: 12 months Compensation: $36 - $39/hr Work Requirements: US Citizen, GC Holders or Authorized to Work in the U.S. ABOUT THIS FEATURED OPPORTUNITY At XXX Research, our goal is to explore, innovate... 

Denali Water Solutions LLC

Class A Lead Support Driver - Req. ID: 3341 Job at Denali Water Solutions LLC

 ...our team today! Lead Support Driver Springfield, MO Full...  ...DOT requirements as well as all local, state, and federal laws. Operate...  .... Maintenance of basic truck equipment and overall...  ...manual or electric pallet jack. Experience using an Electronic Logging System...