Assistant Vice President, Senior Business Control Specialist, Enterprise Change Technology and Operations recruitment

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Job Description

Quality Assurance Client Control (QACC) supports Global Banking and Global Markets in meeting certain requirements of the Anti-Money Laundering Economics Sanctions Policy and the Anti-Money Laundering Program.

Part of CIP Monitoring, QACC has 15 associates across all 3 regions. The Asia QACC team consists of 3 associates (including this vacant position).

QACC is heavily involved in the rollout of the Legal Entity On-boarding (LEO) system, which includes UAT testing, communicating with other teams on the future process flows, updating the QACC procedures, etc.

The successful candidate will be part of the Asia QACC team and key responsibilities include:

· Review and validate clients' KYC information to ensure completeness and reasonability

· Generate and distribute defects reports on findings during the review

· Track and follow up on remediation of defects

· Provide data for dashboard reporting and prepare ad hoc reports as required by the business

· Participate in project related tasks such as UAT testing

· Work together with the business and other AML supporting teams on AML related matters

· Connect occasionally with the US team via night calls

Requirements

Requirements:

· University graduates with a minimum of 5 years of Asia Compliance/AML experiences in the financial industry

· Have solid knowledge on the regulations related to money laundering

· Good communication and analytical skills, and able to liaise effectively and independently with the business and the supporting teams

· Detailed minded, and adapt quickly to the ongoing changes in regulations and internal procedures

· An efficient and proactive team player, willing to share the team's workload if necessary

· Excellent command in both written and spoken English and Cantonese

· Proficient in MS Excel