Assistant Vice President/ Vice President, CDD Proficiency Consultant, Adoption & Implementation GBAM AML

Bank of America

Bank of America

Singapore · United States · Remote
Posted on Wednesday, March 13, 2024

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. 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!

Your background

  • Awareness and understanding of the bank and operational aspects of the products and services used by clients
  • Experience in training and coaching (Preferred)
  • Subject Matter Expertise of Anti Money Laundering/ Know Your Client/ Client Due Diligence (AML/KYC/CDD) operations environment and global / regional regulations
  • Proven ability to simplify requirements for operational execution & improving Operational efficiency through working across multiple stakeholders, understanding global requirements and ability to provide practical & consistent solutions
  • Proven stakeholder relationship/influence management skills to achieve swift adoption through close partnership
  • Strong Risk awareness (Inc. Operational, Compliance, Business & Reputational)
  • Knowledge of industry policy and standards
  • Effective interpersonal and communication skills
  • Ability to find ways of solving or pre-empting problems
  • Ability to multi-task, plan and function in a self-directed environment
  • Ability to handle multiple competing priorities in a fast-paced environment
  • Must be able to work in a matrix organization as well as manage interactions as all levels
  • Understands and respects cultural differences

What you can expect

The Global Banking & Markets Anti-Money Laundering (GBAM AML) organization is a central control function which governs, facilitates, and oversees the global end-to-end GBAM AML program across all GBAM businesses and jurisdictions through implementation of processes and controls to effectively managing AML and economic sanctions risks. This candidate will be responsible for carrying out the delivery of CDD and Process changes into GBAM AML team globally to ensure consistency of approach across GBAM AML Refresh regions and functions. This role will have a strong alignment to regional GBAM AML Refresh Managers/ Leads, Operational Control, Refresh program delivery teams as well as the wider AML Policy and Standards, Implementation and Strategy, and technology teams supporting GBAM AML.

What you will do

  • Coordinate with stakeholders in other regions and LOBs to ensure partnership in global KYC initiatives
  • Review Global & Regional Policy & Standards changes for adoption and implementation across people, process and technology impact. Participates as SME in defining implementation strategy
  • Training development and delivery to ensure operational readiness for GBAM AML team for any new hires, new implementations, and procedural updates derived from changes to policy, technology adoption, process enhancements, and remediation of control weakness/ gaps
  • Ensure established training/communication/process review/governance routines and processes are understood and adhered to
  • Provide support to global refresh and quality teams for effective and accurate quality assurance reviews
  • Partner with CDD proficiency consultants to identify regional and global thematic quality issues and develop corresponding refresher topics to strengthen employee knowledge and performance
  • Participate and manage regular CDD review forums/routines with fellow CDD proficiency consultants, Operations managers, Operational risk associates, GBAM AML Adoption and Readiness & Process design teams to facilitate and identify process improvement opportunities
  • Provide SME guidance OR coordinate across SMEs to provide the guidance for LOB projects
  • Assists as SME in remediation efforts from global and regional policies and standards for GBAM AML team in support of Audit, Exams, EDD, Inspections and GFC Tests