Job Description: About Bank of America Merrill Lynch:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region 's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
The Global Financial Crimes Compliance ("GFCC") Specialist under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (" CRM") Program and the Financial Crimes and Global Compliance Enterprise Policies ("GC Policy"):
Acts as Money Laundering Reporting Officer for the Bank of America Merrill Lynch (Malaysia branch)
Create and maintain a regulatory inventory.
Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.
Conduct compliance risk assessments.
Contribute to monitoring and testing coverage plans and related metrics.
Monitor and test the effectiveness of the front line unit and control function compliance risk controls.
Execute governance and management routines.
Identify aggregate, report and escalate compliance risks, issues and control enhancements.
Identify compliance training needs and inspect Front Line Unit ("FLU"), Control Function ("CF") and third party participation for Financial Crimes.
Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.
Escalate regulatory relations concerns to GFCC Compliance Manager or Executive.
This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team.
Degree Required: Bachelor 's or equivalent
Minimum Years Business and functional experience: 5 Years
Anti-money laundering/financial crimes experience in a financial institution or government position in a Financial Services institution and/or related government entity is desired
Good knowledge of AML typologies
Analytical, organized and possess decision making skills
Bank of America Merrill Lynch is an equal opportunities employer.
Posting Date: 14/06/2017 Location: MY--Kuala Lumpur