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.
Job Description and Role Responsibilities The incumbent is a critical member of the Global Financial Crimes Compliance ("GFCC") team , and responsible for supporting the global AML transaction monitoring program for the bank. The incumbent analyses potentially suspicious alerts/transactions detected by the Bank's money-laundering detection tools and produces intelligence reports that enable in-country Money-Laundering Reporting Officers to make timely and informed SAR filing decisions, where required under local regulations. Through a combination of in-depth review of customers' transactions across multiple jurisdictions and legal entities; and research via bank systems and publicly available information, the incumbent is expected to draw on the facts and nuances of the research findings to prepare comprehensive reports capturing details such as KYC information, transaction details and patterns, adverse news and prior intelligence information, within a stipulated timeline. The incumbent further assists the manager in enhanced surveillance of high risk accounts and undertakes auxiliary tasks on improvements of the overall AML program including systems and scenario testing projects. In addition the incumbent will be responsible of manual review of China AML alerts generated by locally-mandated Huateng system.
A bachelor's degree or equivalent from an accredited university is preferred
Good knowledge of AML typologies
Proficiency in Microsoft Excel
Self-starter capable of analyzing and reporting independently
Keen eye for detail
One (1) to three (3) years of substantive anti-money laundering / financial crimes investigation experience in a financial institution or government position
Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (CAMS)
Strong command of Chinese language (written and spoken) is preferred as the incumbent will have to work on alerts and transactions in Mandarin.
Bank of America Merrill Lynch is an equal opportunities employer.