Vice President - Business Control Manager - AML Operations

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. 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. We’re 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!

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 with Business Controls and other AML Operations processes specific to the APAC region (12 jurisdictions).

The role would own the responsibility to support Audit & Exams and improve processes across the Lines of Businesses (Onboarding, Refresh, High-Risk Detection/Screening scopes, Quality Assurance). The candidate project management, roadmaps deliverables, and other governance related routines including regional decks for the global or regional leadership and routines with all key stakeholders. 

Successful candidate will coordinate, influence, and collaborate closely with all levels of the organization. Strong communication and experience in banking KYC processes, regulatory project management and organizational structure will be helpful in effectively navigating the organization and influencing partners to achieve outcomes.

Responsibilities:

• Support Lines Of Businesses (LOBs) through adhoc or recurrent exams with regulators and internal audit
• Design, communicate and implement process improvements and leverage BAC Control Framework to allow efficient and effective management of operations.
• Liaise with the relevant parties and document the methodology for Audit and Exam Management across silos with strong attention to accuracy, timeliness of deliverables, quality of coordination & reporting.
• Identify and proactively escalate emerging thematic risk or issues within the customer due diligence processes and track the remediation
• Actively liaise and manage relationship with LOBs, APAC Financial Crimes and Corporate Audit for processes supported by APAC GB & GM AML Ops
• Coordinate across other AEM AML support partners and stakeholders to ensure global process engagement
• Produce the necessary indicators and management reports to allow proper oversight on Business Controls streams
• Late evening calls can be expected

Required Skills:

• University degree in related fields e.g., compliance, operational risk, business administration or equivalent.
• 10-12 years relevant work experience in Risk and Regulatory exam management
• Experience with AML programs and AML KYC would be a strong advantage
• Strong thought leadership, independent and logical thinker with highly developed problem-solving skills
• 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
• Management reporting skills, reasonable expertise in Excel and PowerPoint
• Strong attention to details and organizational skills
• 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

Desired Skills:

• Working knowledge of Risk Management, Quality Control/Assurance Framework, Audit and Exams
• Knowledge of laws, rules & regulations of APAC countries
• Critical thinking skills to assess data, artifacts and new or unfamiliar business concepts to draw conclusions that are not readily apparent
• Strong research and analytical skills and attention to detail but in context with broader business landscape