About this role
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
The APAC Global Banking & Markets Anti-Money Laundering Operations (APAC GB & GM AML Ops) organization is a central control function which governs, facilitates, and oversees the APAC end-to-end AML program across all GB and GM businesses and jurisdictions through implementation of processes and controls to effectively manage AML and economic sanctions risks. This candidate will engage in coordination and oversight of Regulatory Data and Reporting engagement specific to the APAC region (12 jurisdictions).
The role would own the responsibility to pull together Data and Regulatory Reporting regional dashboards, project management, roadmaps deliverables, and other governance related routines including support to regional decks for the global or regional leadership and routines with all key stakeholders.
The candidate should have strong data management discipline and experience running operational risk processes.
Successful candidate will coordinate, influence, and collaborate closely with all levels of the organization. Strong communication and experience in banking processes, risk management and organizational structure will be helpful in effectively navigating the organization and influencing partners to achieve outcomes.
Responsibilities:
Support tracking of volume of requests received and completed by the team to identify patterns and trends for better management of workloadSupport transformation of the team from reporting production focused to business controls focused and enhance controls within data reporting space to minimize regulatory riskSupport creation & maintain key risk metrics and collaborate with other streams within the team (e.g. Audit & Exam management, Risk & Process) to better manage the riskPerform, coordinate and drive data preparation and reviews with stakeholders / requestors at all levels. This includes control reports, regulatory / audit reports, and any other ad hoc requests that may come to the teamPrepare NFRR reports as Report Preparer (RP) and liaise with Report Owners (RO) and Governance teams on NFRR-related matters.Make sure all data requests are completed within deadline with satisfactory quality, and manage requestor's expectation when facing challenges in providing the data on timeConduct data based investigations in accordance with global standards, local policies and procedures whenever required in audit/regulatory examsHighlight and escalate issues identified through data reporting and analysis, track deadlines and follow-up on remedial actions with proper action owner, ETA and regular follow-up along the wayCreate and maintain operational procedures and inventory for documentation and audit purposeIdentify new process improvement opportunities and implement solutionsComply with bank's policies and procedures in relation to regulatory reportingAny other data-related tasks assigned by the managerLate evening calls can be expected Skills:
University degree in related fields e.g., compliance, operational risk, business administration or equivalent.5-10 years relevant work experience in Business Risk, Project Management and Regulatory ReportingStrong thought leadership, independent and logical thinker with highly developed problem-solving skillsStrong analytical skills with the ability to collect, organize, analyze and disseminate significant amount of information with attention to detail and accuracy in context with broader business landscapeCritical thinking skills to assess data, artifacts and new or unfamiliar business concepts to draw conclusions that are not readily apparentA team player, high on collaboration and partnership with peers, partners, and stakeholdersStrong influencing and persuasive skills, ability to obtaining favorable outcomesEffective navigation skill to source required information by engaging with relevant stakeholdersAbility to read and understand complex matters, anticipate risks, and summarize key informationDemonstrated ability to quickly build deep and broad business/technical acumenStrong communication- both verbal and written. Ability to translate concepts to executable action & tailor messaging to senior managementAbility to manage various project timelines with multiple competing priorities with tight deadlines while working in a flexible environmentDemonstrated track record of delivering resultsSelf-starter with excellent anticipation skills, problem solving; follow-upDemonstrate dependability and ability to act with a sense of urgencyAbility to engage and collaborate with people in all levels of the organizationAbility to work well under pressure in a fast paced / complex environment, adapt to unexpected events, prioritize and multi-task in a deadline driven environmentFamiliar and proficient with Excel, Access, Power BI/Tableau, and SharePoint Desired Skills:
Experience with AML KYC would be a strong advantageWorking knowledge of Risk Management, Quality Control/Assurance Framework, Audit and ExamsStrong research and analytical skills and attention to detail but in context with broader business landscape