KYC/ AML Analyst recruitment

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.
The team has a vacancy for an individual who has at least 1 year’s experience of AML/KYC documentation and AML regulations with exposure to structured finance deals, SPV’s Hedge Funds and Privates to join the group
The role includes a considerable element of conducting external research and maintenance of information electronically, therefore, a solid knowledge of PC skills is required, as are good organisational skills

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
• Ability to work accurately to tight deadlines in a demanding environment
• Attention to detail

Prepares and/or maintains documentation pertaining to programming, systems operation and user documentation. Translates business specifications into user documentation. Plans, writes, and maintains systems and user support documentation efforts, including online help screen. May require an associate's degree in a related area and 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Primary job functions do not typically require exercising independent judgment. Typically reports to a supervisor or manager.