AML Refresh Ops - Ops Professional MKTS (Global Banking)
At a glance
Mid-level Risk & Financial Compliance role at Bank of America. Chicago · full-time · $65,000–$116,700 base.
financeroles summary, based on the employer's posting.
What you'll do
- Review client records and supporting documents to complete AML refresh checks for assigned jurisdictions
- Check refresh requirements for accuracy and completeness before sending them to clients
- Work with sales and client outreach teams to collect and verify the documents needed for each review
- Use client documents, vendor databases and internal systems to confirm refresh requirements are met
- Handle KYC questions, support audits and remediation, and escalate identified risks
What you bring
- At least two years in financial services, including one year or more working in AML or KYC
- You have reviewed detailed documentation in a production process that changes over time
- You can manage several assignments, meet tight deadlines and maintain accurate data with limited supervision
- You bring strong MS Office skills, including Excel, Word, Outlook and Access
Who this fits
This role suits someone comfortable with detailed client checks, changing procedures and risk escalation. It is based in Chicago, follows a first shift schedule and is listed as full-time.
From the employer
Job Description:
ABOUT US:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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:
- Confirms loan documentation for accurate trade settlements
- Partners with Sales Associates, Traders, Research Analysts, trading counterparties, internal and external attorneys, administrative agent banks, and various other internal operations groups
- Manages post-trade management and logistics, settlement pricing, and closing coordination
- Analyzes and resolves highly complex operational problems
- Supports ad-hoc projects for new processes or industry initiatives
- Processes loans end-to-end with accurate data input into various credit and operating systems
- 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$65,000.00 - $116,700.00 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.