Vice President, Global Financial Crimes Compliance Specialist (Sanctions Compliance Risk)

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 27 May 18 2018-05-27

Vice President, Global Financial Crimes Compliance Specialist (Sanctions Compliance 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 Sanctions Risk Management SME in the region. The role holder is responsible for the execution of risk management responsibilities in areas such as; Sanctions risk assessments, issues management, monitoring and testing from a Sanctions compliance perspective. The GFCC Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Sanctions Risk Management function.

Key Responsibilities

  • Provide advisory on Trade, Economic and Financial Sanctions, global risk management framework to meet legislative and regulatory requirements on a regional basis
  • Responsible for managing sanctions compliance risk matters and mitigating controls in periodic reviews and relevant Management Reports
  • Maintaining, updating and identifying enhancements for sanctions lists and controls
  • Ensure all actions have been properly documented with regards to any investigations review
  • Verify counterpart sanctions related activity
  • Support projects as directed by the Head of Sanctions or Senior Management
  • Opine on Global Sanctions process improvements
  • Participate in various system and application testing
  • Liaise with internal and external stakeholders in relation to Sanctions risk including regulators, internal and external auditors, and competent authorities with the Group
  • Building strong partnership with business to drive and accelerate the execution of Financial Crime Compliance Sanctions programmes within the region that directly impact business performance
  • Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes
  • Participate in and work with relevant regional and country industry bodies and groups in relation to Sanctions related initiatives, trends and proposals
  • Provide advice to business across various Line of Businesses in Hong Kong on risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate

Key Requirements
  • At least 5 years relevant experience in Sanctions or Financial Crimes Compliance in general gained from working in global financial institutions.
  • AML / Advisory background
  • 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.
  • Great business stakeholder management and communication skills.

Posting Date: 15/05/2018
Location:
Hong Kong, , 2 QUEEN'S RD ,
- Hong Kong

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