Global Financial Crimes Compliance Investigator

  • Competitive
  • Singapore
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 25 Sep 16

Global Financial Crimes Compliance Investigator

Job Description:
Business Overview
As a company doing business in more than 150 countries, and with over 250,000 employees, 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 Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the Global Banking & Markets and Global Commercial Banking businesses. The company 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, Bank of America Merrill Lynch 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 has been expanding in the Asia Pacific region with compounded annual growth of over 20% for the last three years. Focusing in the Large Corporate client base in the region, as well as global multi-nationals, the differentiator for Bank of America Merrill Lynch lies in the services we provide to clients. From the implementation of new products and services to the support we provide clients as part of the banking relationship, our mission is to deliver a world class experience to our clients, while managing the business with tight operational risk routines and continuously improving the efficiency of the organization.

Job Description and Role Responsibilities
The incumbent is a critical member of the Global Financial Crimes Compliance ("GFCC") team , and responsible for supporting the global AML transaction monitoring program for the bank.
The incumbent analyses potentially suspicious alerts/transactions detected by the Bank's money-laundering detection tools and produces intelligence reports that enable in-country Money-Laundering Reporting Officers to make timely and informed SAR filing decisions, where required under local regulations. Through a combination of in-depth review of customers' transactions across multiple jurisdictions and legal entities; and research via bank systems and publicly available information, the incumbent is expected to draw on the facts and nuances of the research findings to prepare comprehensive reports capturing details such as KYC information, transaction details and patterns, adverse news and prior intelligence information, within a stipulated timeline.
The incumbent further assists the manager in enhanced surveillance of high risk accounts and undertakes auxiliary tasks on improvements of the overall AML program of the bank.

Candidate Qualifications

  • A bachelor's degree or equivalent from an accredited university is preferred
  • Good knowledge of AML typologies
  • Proficiency in Microsoft Excel
  • Self-starter capable of analyzing and reporting independently
  • Keen eye for detail
  • One (1) to three (3) years of substantive anti-money laundering / financial crimes investigation experience in a financial institution or government position
  • Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (CAMS)
  • Strong command of Chinese language (written and spoken) is preferred as the incumbent will have to work on alerts and transactions in Mandarin.

Posting Date: 20/09/2016
Location: Singapore - Singapore

Full / Part-time: Full time