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 workload
- Support transformation of the team from reporting production focused to business controls focused and enhance controls within data reporting space to minimize regulatory risk
- Support creation & maintain key risk metrics and collaborate with other streams within the team (e.g. Audit & Exam management, Risk & Process) to better manage the risk
- Perform, 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 team
- Prepare 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 time
- Conduct data based investigations in accordance with global standards, local policies and procedures whenever required in audit/regulatory exams
- Highlight 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 way
- Create and maintain operational procedures and inventory for documentation and audit purpose
- Identify new process improvement opportunities and implement solutions
- Comply with bank's policies and procedures in relation to regulatory reporting
- Any other data-related tasks assigned by the manager
- Late 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 Reporting
- Strong thought leadership, independent and logical thinker with highly developed problem-solving skills
- Strong 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 landscape
- Critical thinking skills to assess data, artifacts and new or unfamiliar business concepts to draw conclusions that are not readily apparent
- A team player, high on collaboration and partnership with peers, partners, and stakeholders
- Strong influencing and persuasive skills, ability to obtaining favorable outcomes
- Effective navigation skill to source required information by engaging with relevant stakeholders
- Ability to read and understand complex matters, anticipate risks, and summarize key information
- Demonstrated ability to quickly build deep and broad business/technical acumen
- Strong communication- both verbal and written. Ability to translate concepts to executable action & tailor messaging to senior management
- Ability to manage various project timelines with multiple competing priorities with tight deadlines while working in a flexible environment
- Demonstrated track record of delivering results
- Self-starter with excellent anticipation skills, problem solving; follow-up
- Demonstrate dependability and ability to act with a sense of urgency
- Ability to engage and collaborate with people in all levels of the organization
- Ability to work well under pressure in a fast paced / complex environment, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
- Familiar and proficient with Excel, Access, Power BI/Tableau, and SharePoint
Desired Skills:
- Experience with AML KYC would be a strong advantage
- Working knowledge of Risk Management, Quality Control/Assurance Framework, Audit and Exams
- Strong research and analytical skills and attention to detail but in context with broader business landscape
