Operations Professional Markets - Refresh Anti Money Laundering Chicago
Company: Disability Solutions
Location: Chicago
Posted on: April 28, 2024
Job Description:
Job Description:ABOUT US:At Bank of America, we are guided by a
common purpose to help make financial lives better through the
power of every connection. Responsible Growth is how we run our
company and how we deliver for our clients, teammates, communities
and shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!JOB DESCRIPTION:This job is responsible for
providing analytical support in a Global Markets Operations
function for one or more operations product areas. Key
responsibilities include analyzing and resolving highly complex
operations problems and initiatives requiring exceptional handling
and coordination of multiple operational and/or product specialists
to resolve. Job expectations include managing projects and the
introduction of new initiatives, systems, products, services, and
processes and coordinating necessary expertise across multiple
operations functions and products.Line of Business Job Description:
Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence
(KYC/CDD) is part of the Global Operations organization and is
responsible for client AML/KYC refresh globally. The team supports
the business in completing AML/KYC due diligence checks as well as
maintaining client records.RESPONSIBILITIES:
- Partners with Sales Associates, Traders, Research Analysts,
trading counterparties, internal and external attorneys,
administrative agent banks, and various other internal operations
groups. Liaise with sales/ client outreach teams to obtain and
validate correct documentation to fulfill refresh
requirements.
- Analyzes and resolves highly complex operational problems.
- Supports ad-hoc projects for new processes or industry
initiatives.
- Conducting client due diligence (CDD) and enhanced due
diligence (ECDD) in accordance with internal policies, procedures
and regulatory guidelines aligned to more complex Jurisdictions
and/or client structures. In addition, perform client refresh
through the review of client documentation, vendor databases and
data entered into proprietary systems to ensure all refresh
requirements are met.
- Review of refresh requirements for assigned jurisdiction in
line with related Client Identification Profile (CIP)/CDD
Procedures to ensure adequacy and accuracy before the requirements
are sent to the client.
- Ensure all jurisdictional regulatory requirements related to
KYC are adhered toSupport business with KYC related queries and
requestsSKILLS:Required Skills:
- 2+ years financial services experience, with at least one year
of AML and/or KYC experience
- Highly developed business acumen for the review and management
of detailed documentation.
- Documented experience performing in a process-oriented
production environment that changes periodically.
- Prioritization
- Attention to Detail
- Research
- Quality Assurance
- Written Communications
- Critical Thinking
- Interpret Relevant Laws, Rules, and Regulations
- Appropriately identify and escalate risk.
- Expert experience with MS Office Suite
(Excel/Word/Outlook/Access)
- Proven ability to work in a team environment.
- Proven ability to successfully meet tight deadlines while
ensuring data accuracy and integrity.
- Proven ability to work and execute with minimal
supervision.Desired Skills:
- Data Collection and Entry
- Recording/Organizing Information
- Fraud Management
- Risk Management
- Problem Solving
- Adaptability
- Customer and Client Focus
- Result Orientation
- Anti Money Laundering (AML) Know Your Customer/Client Due
Diligence (KYC/CDD) experience
- College degree (Associates or higher) or comparable work
experienceEnterprise job code summary overviewProvides technical
and analytical support in a global markets operations function for
one or more operations product areas. Responsible for the analysis
and resolution of complex operations problems and initiatives
requiring exceptional handling and/or coordination of multiple
operational and/or product specialists to resolve. May manage
projects and/or the introduction of new initiatives, systems,
products/services and processes, coordinating necessary expertise
across multiple operations functions and/or products. As a
technical expert, may also function as an informal team lead,
providing work direction and technical guidance to less experienced
employees in resolving complex transactions and operational
problems. Requires extensive experience in an operations support
function with thorough working knowledge of fundamental business
structure and operational aspects for specific transactions and
products. As a technical expert, will consult on a wide variety of
topics across functional and business support lines.Shift:1st shift
(United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Cicero , Operations Professional Markets - Refresh Anti Money Laundering Chicago, Other , Chicago, Illinois
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