AML Refresh Analyst recruitment

AML Refresh Analyst, Global Client Service and Operations

Overview
Processes the opening of new accounts, reviewing of existing accounts and ensures they comply with anti-money laundering regulations.

Job Description
The analyst will need to perform a review of all existing accounts based upon there risk factor. AMl documentation gathering will be required from various sources . Accounts to be refreshed will fall into several categories i.e. Hedge Funds, Trusts, Private Clients as well as regulated and listed companies across all countries. There is a great deal of manual intervention and this candidate will need to be articulate.

EMEA Fulfilment – Implementation Documentation is responsible for on boarding of new clients to ensure that Bank of America meets both the regulatory and internal AML/KYC requirements.
The Account Review Team is responsible for reviewing account opening documentation for the Bank’s branches in its Europe, Middle East and Africa division (EMEA ) The risk rating of each client determines the frequency of the Refresh.

Responsibilities
• Update identification information and evidence any material changes to the business or relationship via a third party source.
• Liaise with the Sales Team to update KYC information not available from a third party.
• Update GPS locator by scanning additional documentation and checklists
• Maintain a hard copy file of documentation with updates to include the refreshed KYC form.
• Obtain renewed certificates for expired US Patriot Act Certificates.
• Update the Risk scoring engine and reassess risk ratings applying any special policy.
• If for any reason refresh documents cannot be obtained the file be escalated to Aml compliance for guidance on a case by case basis
• Monitor name changes and mergers previously not updated and identified as part of the aml refresh and notify the AOG.
• Refresh approved accounts on a regular basis according? using the risk based approach (risk based approach determines the frequency ) or as required

Requirements
• A second European language would be a distinct advantage.
• Strong analytical and communication skills (both oral and written in English)
• Strong organisational skills
• A flexible, team-spirited approach with the ability to work independently
• A good knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPV’s etc.
• Sound knowledge of AML/KYC requirements