Job ref no.: CT3114387-01#7906

Vice President, Global Financial Crimes Compliance Specialist (Customer Due Diligence risk)

Bank of America

Vice President, Global Financial Crimes Compliance Specialist (Customer Due Diligence risk)

Hong Kong, Hong Kong

Job number: 18028549

Position Description

The GFCC Specialist, under supervision, assists Global Financial Crimes Compliance executives and managers, conducts independent Customer Due Diligence risk assessment and advisory in the region. The role holder is responsible for the execution of Customer Due Diligence risk responsibilities. The GFCC Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. Working as an individual contributor, the specialist will identify and incorporate any developments with Anti-Money Laundering (“AML") Customer Due Diligence (“CDD") requirements for the countries in the Asia Pacific Region where Bank of America operates

Key Responsibilities

  • Provide timely, accurate, and actionable advice and counsel to all Front Line Units, based on enterprise-wide requirements and each country's local CDD requirements
  • Review incoming high-risk client files (on-boarding, refresh, escalations) in order to make recommendations for approval, decline and/or closure from a financial crimes compliance perspective
  • Hold client-facing conversations, when needed, in order to complete the review of client files
  • Identify opportunities for improvement to strengthen CDD Compliance strategy and lead implementation of tactical & strategic enhancement efforts
  • Prepare reports for management covering CDD matters
  • Lead and conduct training on CDD requirements to various lines of business and enterprise counterparts
  • Perform monitoring and testing exercises of Front Line Unit CDD processes
  • Liaise with internal audit and external regulators on CDD matters, as needed

Key Requirements

  • At least 5 years relevant experience in AML CDD / Advisory background or Financial Crimes Compliance in general gained from working in global financial institutions.
  • Business Stakeholder Management: experience in identification, articulate and escalate matters of AML concerns to FLUs and senior management
  • Possess decision- making skills related to Financial Crimes Compliance Risk Management- and be able to stand up to the FLUs and take decisions.
  • Degree Required: Bachelor’s Degree or Equivalent
  • Preferred candidates with understanding of business, markets and products: FICC, FX Equities and commodities
  • Ability to handle multiple compliance projects in a dynamic environment and regional team setting.

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More job information
Job ref no. CT3114387-01#7906
  • N/A
Job Function
  • 5 years - 10 years
Career Level
  • Non-management level
  • Degree