Global Banking & Markets Anti-Money Laundering Analyst

Job Description

Global Banking & Markets Anti-Money Laundering AnalystLocation: Mumbai, India:About usAt 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. Were 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!The FunctionThe BANA India Refresh Team are part of Global Banking & Global Markets Operations which ensures the Periodic Refresh or reviews are completed within the stipulated timelines as per their dynamic risk rating. The Team works with refresh analysts globally and ensures the regulations for corporate clients are satisfied. The Team moreover acts as a support function and performs processes like Document Gap analysis, Pan validation, and Centralized Know Your Customer (CKYC) uploads to CERSAI Portal. The team also participates in periodic internal and external audits, regulatory submissions, and furnishes refresh datapoints to relevant stakeholders.The RoleFull Time Employee to support the AML/CDD, Global Banking, and Markets Refresh process. The team covers Periodic Refresh or reviews & CKYC (Centralized KYC) as its core activities and is responsible for completing AML/CDD checks in line with country standards and CIP/CDD procedures.Role Responsibilities

• Perform document Gap analysis with available documents and ensure it meets the regulation.
• Perform CKYC Process and ensure timeliness.
• Provide support to Periodic Refresh or reviews by conducting Pan validations and other subprocesses that might be required to fulfill the checklist.
• Be well versed & ensure any new regulations improvised/altered or added by the regulator are put to implementation.
• Partner with colleagues in Banking, Sales, FLU cross regional teams, and other groups as needed.
• Partner with MLRO for cases where guidance or relevant approvals are required to help complete refreshes on time.
• Monitor and understand the risks and impacts of non-compliance with KYC processes, including restrictions and closures.
• Participate in internal & external audits which require deep research and investigation skills.
• Provide support in any remediations which might have tight deadlines.
• Prepare the MIS & Control reports and ensure various stakeholders queries are answered.
• Challenge the status quo and suggest process streamlining where required.
• Embrace a collaborative and output-oriented culture.

Required Skills

• Postgraduate or equivalent degree.
• 5-7 years experience in Anti-Money Laundering (AML)/ Know Your Customer (KYC).
• Well versed with country regulations for corporate customer KYCs.
• Preferred: Certified Anti-Money Laundering Specialist (CAMS) or any other AML/KYC certifications.
• Knowledge of AML CDD policy and standards, industry practices in AML CDD, including legal entities in global jurisdictions.
• Initiative: Identify process improvements, demonstrate a self-starter behavior and a willingness to help others, and show potential to require minimal supervision.
• Excellent proficiency using Microsoft Office products, particularly Microsoft PowerPoint, Excel, Word.
• Excellent interpersonal skills for motivation, collaboration, and encouragement.
• Excellent communication skills to demonstrate collaborations with various groups as and when required.

Learn more about this role

Keyskills :
anti money laundering (aml) know your customer (kyc) document gap analysis regulatory compliance microsoft office proficiency banking cdd analyst risk