Assistant Vice President/Vice President Anti Money Laundering Operations Manager

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 16 Jul 18 2018-07-16

Assistant Vice President/Vice President Anti Money Laundering Operations Manager

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 Anti-Money Laundering Operations (AML Ops) team performs AML Know Your Client/Client Due Diligence (KYC/CDD) for Global Banking and Markets clients of Bank of America Merrill Lynch. The team covers client due diligence specifically refresh (periodic review) as its core activities. Additionally the team also covers internal/external audits, remediation of AML KYC/CDD of bank clients. The team covers 12 APAC jurisdictions, EMEA, US & Canada.

The candidate is responsible for reviewing accuracy of documentation, screening, obtaining approvals from Compliance and Business are some of the high level activities involved in the process. Additionally, supporting audits (internal/external), acting as liaison between Compliance and the wider team, etc. are also expected

Key Responsibilities

  • Operationally run and manage AML/ KYC Refresh function.
  • Simplification & continuous improvement of AML/ KYC CDD processes.
  • Interact and maintain quality engagement with stakeholders regionally and globally.
  • Facilitates and provide guidance to team on day to day executions as well as exceptions handling.
  • Liaise with internal departments to facilitates, support and clarify AML/ KYC topics.
  • Escalations and issues management across Sales/ Business, Global Financial Crime Compliance (GFCC) and respective Service and Operations team.
  • Involvement in ad hoc projects for new processes or industry initiatives.
  • Work and manage assigned Risk related remediation efforts
  • Participate in Remediation, internal/external Audits.
  • Point of contact for Business & Management when matters require attention.
  • Metrics Reporting & Support creation of key business metrics.

  • Experience in similar role (preferred)
  • Good understanding of AML/KYC CDD Policies & processes.
  • Control focused mindset and good understanding of regulatory and reputational risks - (knowledge of Regulators' AML requirements).
  • Proven experience in people management, strategic planning, risk management and change management.
  • Strong leadership qualities.
  • Ability to liaise, collaborate and work dynamically across wide span of stakeholders including Business/ Sales, senior management and regulators/ auditors.
  • Excellent communications skills and ability to present to an audience.
  • Independent and ability to multi-task and meet multiple timelines.
  • Ability to work under pressure in a team environment.
  • Self-motivated, driven and dedicated with desire to excel consistently.

Posting Date: 12/07/2018
- Singapore

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