Bank of America needs to ensure compliance with Financial Crimes Enterprise Policy and Financial Crimes Global Standard, specifically in Anti-Money Laundering (AML) for Global Banking & Global Markets (GBGM). This involves managing client account closures, adhering to regulatory requirements, and mitigating risks associated with non-compliant accounts.
Requirements
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
- Experience in a data driven role with the skillset to interpret data to derive meaningful intel and output.
- Power user of Microsoft products.
- Experience in business analysis via excel based analytics with skills to create v-lookups, pivot tables and the ability to handle large volumes of data.
- Ability to create macros preferred but not essential.
- Interpret Relevant Laws, Rules, and Regulations
- Research Analysis
Responsibilities
- Provide operational support to Global Markets and Global Banking FLUs to ensure client and bank-initiated client account closures are off boarded within a reasonable timeframe to ensure SLA adherence.
- Effective management of daily activities ensuring adherence to deadlines and procedures in conjunction with regulatory requirements.
- Effectively collaborate with internal teams to source and analyze data pertaining to KYC information within multiple systems of record.
- Leverage large data set to build account reconciliation reports to include statuses and recommendations.
- Involvement in producing monthly metrics within process.
- Driving opportunities to consolidate metrics and standardize across process where possible.
- Identify and generate ideas for automation opportunities.
Other
- Strong organizational skills with the ability to prioritize and manage workload through fluctuating volume periods; ability to multitask whilst managing competing priorities and meeting deliverable deadlines.
- Highly motivated and proactive self-starter; strong sense of ownership & ability to create and execute plans without daily oversight.
- Ability to communicate with people across the organization in a variety of roles to effectively managed risk and achieve desired results.
- Excellent attention to detail, consistent performer with a focus on accuracy and detail.
- Able to demonstrate flexibility and experience working in a fast paced and challenging environment.
