Assistant Vice President – Sr. Business Control Specialist, AML Operations, High Risk Detection Group

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

The Global Banking & Global Markets Anti-Money Laundering (GB & GM AML) organization is a central control function which governs, facilitates, and oversees the end-to-end AML program across all GB & GM businesses and jurisdictions globally and manage AML risks by implementing and executing processes and controls.

High Risk Detection Group is part of AML Operations. High Risk Detection Group Supports Consumer, Small Business, Global Banking (GB) and Global Markets (GM) LOB to detect high risk within business through ongoing monitoring and due diligence. This is managed through 3 Centre Of Excellence (COEs) - AML Screening, Client Activity Monitoring and Enhanced Client Due Diligence.

This role is based in Singapore for High Risk Detection Group in APAC  supporting GB and GM LOB. High Risk Detection Group a global team based in United States of America, United Kingdom, Singapore, India (GBS)

Responsibilities:

• Oversee daily deliverables required from High Risk Detection Team with focus on screening and due diligence for Senior Political Figures/Politically Exposed Person and Material Negative News.
• Establish effective controls within processes (Quality Assurance), perform reviews, and test/monitor the effectiveness of controls
• Engage with senior stakeholders to identify issues and/or control improvements for remediation.
• Coordinate and secure approvals on response to queries from audit or exams, and or / Testing process
• Review AML/CFT regulatory change pipeline for APAC jurisdictions and assess impact to Screening process
• Represent Screening as well as High Risk Client portfolio in APAC region in relevant governance forums
• Identify areas of opportunity for continuous improvement and drive strategic changes on potential risk concerns identified

Required Skills:

• Strong presence and communication skills
• Working knowledge of Banking & Global Markets products and/or Regulation based Ops processes and/or high volume/large scale back-office operations
• Ability to collaborate with teams across different sites and locations; direct and matrix reporting environment
• Ability to manage multiple and competing priorities; Execution-oriented with ability to quickly organize work and execute with speed
• Detail-oriented, while still being able to see the big picture
• Organizationally savvy and strong influence skills; can work across organizational lines and regions to gain consensus and buy-in from senior stakeholders; leverages relationships to influence outcomes and drive decisions
  • Ability to lead across multiple lines of business to orchestrate cohesive risk & controls oversight and process management.
  • Ability to partner with, establish credibility with and influence internal and external key stakeholders in a heavily matrixed environment
  • Highly collaborative, execution driven and works through influence and engagement; ability to bring multiple stakeholders together, directly address issues to reach consensus & decisions
  • Demonstrates personal courage.

Desired Skills:

• Working knowledge of Global Banking & Global Markets and applicable systems/tools
• Process improvement and six-sigma and/or data analysis experience
• Bachelor’s degree in related field or equivalent experience
• ACAMS accreditation