Vice President, Global Financial Crimes Compliance Specialist (Customer Due Diligence risk)

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 24 May 18 2018-05-24

Vice President, Global Financial Crimes Compliance Specialist (Customer Due Diligence risk)

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

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.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

The GFCC Specialist, under supervision, assists Global Financial Crimes Compliance executives and managers, conducts independent Customer Due Diligence risk assessment and advisory in the region. The role holder is responsible for the execution of Customer Due Diligence risk responsibilities. The GFCC Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. Working as an individual contributor, the specialist will identify and incorporate any developments with Anti-Money Laundering ("AML") Customer Due Diligence ("CDD") requirements for the countries in the Asia Pacific Region where Bank of America operates

Key Responsibilities

  • Provide timely, accurate, and actionable advice and counsel to all Front Line Units, based on enterprise-wide requirements and each country's local CDD requirements
  • Review incoming high-risk client files (on-boarding, refresh, escalations) in order to make recommendations for approval, decline and/or closure from a financial crimes compliance perspective
  • Hold client-facing conversations, when needed, in order to complete the review of client files
  • Identify opportunities for improvement to strengthen CDD Compliance strategy and lead implementation of tactical & strategic enhancement efforts
  • Prepare reports for management covering CDD matters
  • Lead and conduct training on CDD requirements to various lines of business and enterprise counterparts
  • Perform monitoring and testing exercises of Front Line Unit CDD processes
  • Liaise with internal audit and external regulators on CDD matters, as needed

Key Requirements
  • At least 5 years relevant experience in AML CDD / Advisory background or Financial Crimes Compliance in general gained from working in global financial institutions.
  • Business Stakeholder Management: experience in identification, articulate and escalate matters of AML concerns to FLUs and senior management
  • Possess decision- making skills related to Financial Crimes Compliance Risk Management- and be able to stand up to the FLUs and take decisions.
  • Degree Required: Bachelor's Degree or Equivalent
  • Preferred candidates with understanding of business, markets and products: FICC, FX Equities and commodities
  • Ability to handle multiple compliance projects in a dynamic environment and regional team setting.

Posting Date: 10/05/2018
Hong Kong, , 51 KWAI CHEONG ROAD ,
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40