Css - Kyc/Aml

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

 

Job Description:
This job is responsible for serving as the Customer Due Diligence (CDD) and Compliance Risk partner for relationship management teams in the management of their portfolio. Key responsibilities include managing the CDD processes, ensuring timely and accurate compliance to policy and regulatory requirements related to Anti-Money Laundering (AML) and Know-Your-Customer (KYC) activities. Job expectations include executing AML/KYC onboarding, periodic review of US and non-US KYC records ensuring they meet current standards, remediation projects, audit issues, and national and regional initiatives.

Responsibilities:

• Owns and manages the Anti-Money Laundering (AML) and Know-Your-Customer (KYC) process for relationship management teams

• Engages with prospects and current clients to accurately review AML/KYC information in order to facilitate legal entity onboarding, KYC record expansions and maintenance activities, per bank policy standards

• Maintains and manages current portfolio of periodic reviews/refreshes for US and non-US entities, ensuring that client documents and supplemental information are received in a timely manner, reviewed for accuracy, and meet policy standards in order to complete the review/refresh on time

• Maintains a high level of organization, data management, and time management skills to continuously move onboarding, expansions and periodic review/refresh activities, audit, and/or remediation efforts forward.

• Adheres to bank privacy policies in securing Non-Public Personal Information (NPPI) obtained as part of AML/KYC activities

• Provides recommendations for business to create and nurture client relationships with relationship management teams to plan for new client onboarding and complex periodic review/refreshes

Required Qualifications:

• Experience with Know Your Customer or Anti-Money Laundering due diligence processes, including identifying and escalating risks

• Applies strategic and critical thinking to determine solutions and experiences to improve clients’ financial lives

• Builds strong client relationships through effective communication and collaboration

• Executes multiple tasks simultaneously

• Displays a proactive mindset and effective time management

• Demonstrates a results-driven mindset and prioritizes client interests

• Strong computer application skills, including Microsoft Office

Desired Qualifications:

• Bachelor’s degree

• Holds a Certified Anti-Money Laundering Specialist certification

• Experience with bank standard legal documentation

• Knowledge of Global Commercial Banking

• Knowledge of Integrated Monetary Processing and Controls and Sales Force

• Experience with analytical tools such as Tableau

Skills:

• Data Collection and Entry

• Data Privacy and Protection

• Interpret Relevant Laws, Rules, and Regulations

• Prioritization

• Written Communications

• Adaptability

• Attention to Detail

• Collaboration

• Policies, Procedures, and Guidelines

• Relationship Building

• Client Experience Branding

• Fraud Management

• Process Management

• Risk Management

Minimum Education Requirement:

High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: