AML Refresh - Operations Professional MKTS
At a glance
Mid-level Risk & Financial Compliance role at Bank of America. Chicago · full-time · $60,000–$130,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Check client records and supporting materials against AML and KYC refresh rules for complex jurisdictions or client structures
- Review refresh requests for your assigned jurisdiction before they go to clients, checking that requirements are complete and accurate
- Work with sales and client outreach teams to gather and verify the documents needed for each refresh
- Compare client documents, vendor database information and internal system entries to confirm refresh requirements are met
- Handle KYC questions, support audits and remediation, and raise identified risks
What you bring
- At least two years in financial services, including one year or more in AML or KYC
- Hands-on experience managing detailed documents in a process-driven production setting that changes over time
- Strong MS Office skills, particularly Excel, Word, Outlook and Access
- You can manage several assignments, meet tight deadlines without sacrificing accuracy, and work with limited supervision
Who this fits
This role suits someone who is careful with client documentation, comfortable identifying and escalating risk, and able to coordinate with teammates. It is based in Chicago, follows the first shift, and is listed as a full-time role. The position is office-based, with attendance expectations tied to the role.
From the employer
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for providing analytical support in a Global Markets Operations function for one or more operations product areas. Key responsibilities include analyzing and resolving highly complex operations problems and initiatives requiring exceptional handling and coordination of multiple operational and/or product specialists to resolve. Job expectations include managing projects and the introduction of new initiatives, systems, products, services, and processes and coordinating necessary expertise across multiple operations functions and products.
Line of Business Job Description:
Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) is part of the Global Operations organization and is responsible for client AML/KYC refresh globally. The team supports the business in completing AML/KYC due diligence checks as well as maintaining client records.
Responsibilities:
Conducting client due diligence (CDD) and enhanced due diligence (ECDD) in accordance with internal policies, procedures and regulatory guidelines aligned to more complex Jurisdictions and/or client structures.
Review of refresh requirements for assigned jurisdiction in line with related Client Identification Profile (CIP)/CDD Procedures to ensure adequacy and accuracy before the requirements are sent to the client.
Liaise with sales/ client outreach teams to obtain and validate correct documentation to fulfill refresh requirements
Perform client refresh through the review of client documentation, vendor databases and data entered into proprietary systems to Ensure all refresh requirements are met
Ensure all jurisdictional regulatory requirements related to KYC are adhered to support business with KYC related queries and requests
Participate in remediation, internal/external Audits
Required Skills:
2+ years financial services experience, with at least one year of AML and/or KYC experience
Highly developed business acumen for the review and management of detailed documentation.
Documented experience performing in a process-oriented production environment that changes periodically
Appropriately identify and escalate risk
Expert experience with MS Office Suite (Excel/Word/Outlook/Access)
Proven ability to work in a team environment
multiple assignments simultaneously
Proven ability to successfully meet tight deadlines while ensuring data accuracy and integrity
Proven ability to work and execute with minimal supervision
Desired Skills:
Anti Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) experience
SKILLS:
• Data Collection and Entry
• Recording/Organizing Information
• Attention to Detail
• Critical Thinking
• Research
• Fraud Management
• Risk Management
• Interpret Relevant Laws, Rules, and Regulations
• Quality Assurance
• Problem Solving
• Adaptability
• Customer and Client Focus
• Prioritization
• Result Orientation
• Written Communications
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$60,000.00 - $130,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.