Glbl Fin Crimes Compl Mgr / Regional CDD Manager

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 28 Sep 16

Glbl Fin Crimes Compl Mgr / Regional CDD Manager

Job Description:
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for its international businesses and is a long-established participant in Asia Pacific with a presence since 1947. With 23 offices in 12 geographies, covering nine currencies, more than a dozen languages and five time zones, the company offers an integrated and comprehensive set of products and services across Global Corporate & Investment Banking, Global Markets and Wealth Management, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

  • Identify and incorporate any developments with Anti-Money Laundering (AML) Customer Due Diligence (CDD) requirements for the countries in which Bank of America operates within the Asia Pacific Region, including China, Hong Kong, Japan, Singapore, India and others, into the Bank of America internal program.
  • Provide timely, accurate, and actionable advice and counsel to all lines of business (Global Banking and Markets, inclusive of Corporate Banking) in the Asia Pacific region based on each country's local CDD requirements and the company's internal program requirements.
  • Review incoming client files (on-boarding, refresh, escalations) for AML and CDD suitability in order to make recommendations for approval, decline and/or closure
  • Hold client-facing conversations, when needed, in order to complete the review of client files
  • Support enterprise-wide CDD compliance strategy and associated work as directed by the AML CDD Executive.
  • Lead and conduct training CDD requirements to various lines of business and enterprise counterparts.
  • Liaise with internal audit and external regulators on CDD matters, as they arise.
Required Skills (must have these skills to be minimally qualified for role)
  • Juris doctorate or graduate degree
  • Expert knowledge of AML laws and regulations for the U.S. and each country within the Asia Pacific region in which Bank of America operates
  • Minimum 4 years of substantive AML experience in the government, a financial institution, or law firm
  • Strong organizational skills to handle a wide range of AML CDD and risk management issues
  • Prior experience in leading or project managing small teams
  • Excellent research and writing skills
  • Extremely detail-oriented to ensure quality and accurate work product
  • Proven ability to work in a highly independent manner in a fast-paced environment with minimal day-to-day direction or supervision
  • Highly analytical thinking, with experience in legal and/or regulatory analysis
  • Strong communication skills and ability to interact with lines of business and regulators at all levels of seniority

Posting Date: 31/12/2015
Location: Hong Kong - Hong Kong

Full / Part-time: Full time