Business Control Specialist (trade finance) recruitment

GCSO supports both the front office teams within the Corporate Banking division of Bank of America Merrill Lynch and supports the treasury, commercial credit and technical service needs of Global Corporate Bank and Global Commercial Bank clients. The GCSO division provides Cash Management products and services to a global client base. The GCSO division assists our Clients to manage their Treasuries and Cash levels efficiently.

GCSO is split into Fulfillment Servicing, Documentation and Operations businesses.

Fulfillment and Servicing Global Client Fulfillment Servicing is responsible for the implementation and servicing of all treasury, credit and depository solutions primarily for the Global Commercial and Corporate Bank clients. Our team works directly with clients and collaborates with business partners to provide a seamless world class fulfillment and service experience.

Documentation is responsible for on boarding of new clients to ensure that Bank of America Merrill Lynch meets both the regulatory and internal AML/KYC requirements. The Documentation Team also provides guidance and training to other members in EMEA Fulfillment and Sales regarding legal documentation, AML requirements and client requests.

Operations The Operations division within GCSO, facilitates 36 incoming and outgoing high-value low-value, cross-border and multicurrency payments utilizing a number of internally developed and vendor supported payment systems and infrastructure. Operations teams are located in the Americas (U.S., Canada and LATAM), Europe, Middle East and Africa (EMEA) and Asia.

Responsibilities:

Provides analytical support in executing internal control discipline and operational excellence with a Line of Business or Enterprise Control Function. Gathers and organizes data in order to track report and monitor effectiveness of key controls and status of mitigation and action plans. Prepares documentation for the tracking, monitoring, and escalation of risk related issues to management.

Provide ongoing support and compliance responses for Trade transactions (letters of credit, guarantees, and documentary collections). Perform periodic monitoring and annual onsite compliance reviews and compliance training. Liaise with compliance and risk partners (EMEA, U.S. and Asia) in decisioning transactions. Provide regional support for the policies/procedures of Global Trade policies and controls team and coordinate these efforts with all regions globally.

Requirments:

Desired: