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- Tasks: Join us as an Operations Analyst to tackle Anti-Money Laundering challenges and enhance client due diligence.
- Company: Bank of America is a diverse, inclusive employer dedicated to improving financial lives globally.
- Benefits: Enjoy private healthcare, flexible benefits, and opportunities for community volunteering.
- Why this job: Make a real impact while growing your career in a dynamic, supportive environment.
- Qualifications: Experience in AML/KYC processes and proficiency in MS Office are essential.
- Other info: This full-time role is based in Bromley, just 15 minutes from central London.
The predicted salary is between 36000 - 60000 £ per year.
Operations Analyst – Anti-Money Laundering (Client Refresh)
Operations Analyst – Anti-Money Laundering (Client Refresh)
1 day ago Be among the first 25 applicants
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This job is with Bank of America, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Job Description
Job Title: Senior Operations Associate – AML/KYC Refresh
Corporate Title: Up to Assistant Vice President
Location: Bromley
Company Overview
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!
Location Overview:
This is a full time, in office position in our bustling Bromley office, situated in one of London\’s greenest boroughs. Here you will find plentiful and easy commuting routes, with central London just 15 minutes away by train.
Role Description
Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) is part of the Global Operations organisation 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.
The role will support the AML/KYC refresh as part of the annual refresh cycle. The associate will be responsible for the analysis and resolution of complex operations problems and will be a technical expert in KYC/CDD processes. The environment is constantly changing as new initiatives & systems are implemented and there will be the opportunity for the associate to contribute towards these exciting changes. As a technical expert, the associate will also help guide less experienced associates in resolving complex transactions and operational problems.
Responsibilities
- You will conduct 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
- You will 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.
- You will liaise with sales/ client outreach teams to obtain and validate correct documentation to fulfil refresh requirements.
- You will perform client remediation/refresh through the review of client documentation, vendor databases and data entered into proprietary systems to ensure all requirements are met.
- You will ensure all jurisdictional regulatory requirements related to KYC are adhered to.
- You will participate in internal/external Audits and Quality checks.
What We Are Looking For
- Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) experience required
- Documented experience performing in a process-oriented production environment that changes periodically
- Familiar with MS Office Suite (Excel/Word/Outlook/Access).
Skills That Will Help
- Working in a team environment would be a plus.
- Meeting tight deadlines while ensuring data accuracy and integrity would be advantageous.
- Working and executing with minimal supervision.
- Excellent verbal and written communications skills.
- Ability to organise work, prioritise tasks and handle multiple assignments simultaneously.
Benefits Of Working At Bank Of America
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
- 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Use of a flex fund to use towards benefits.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
- Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland\’s most iconic cultural institutions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Management and Manufacturing
-
Industries
Technology, Information and Internet
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Operations Analyst – Anti-Money Laundering (Client Refresh) employer: myGwork - LGBTQ+ Business Community
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Analyst – Anti-Money Laundering (Client Refresh)
✨Tip Number 1
Familiarise yourself with the latest AML/KYC regulations and guidelines. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a constantly evolving field.
✨Tip Number 2
Network with professionals already working in AML/KYC roles, especially those at Bank of America. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experiences where you successfully handled complex operational problems or worked under tight deadlines. This will showcase your problem-solving skills effectively.
✨Tip Number 4
Demonstrate your proficiency with MS Office Suite, particularly Excel, as it’s crucial for data analysis in this role. Consider brushing up on advanced Excel functions to impress during technical discussions.
We think you need these skills to ace Operations Analyst – Anti-Money Laundering (Client Refresh)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Anti-Money Laundering (AML) and Know Your Customer (KYC) processes. Use specific examples that demonstrate your skills in client due diligence and problem-solving.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with Bank of America's commitment to responsible growth and inclusivity, and provide examples of how you can contribute to their team.
Highlight Relevant Skills: Emphasise your familiarity with MS Office Suite and any experience in a process-oriented production environment. Mention your ability to meet tight deadlines while ensuring data accuracy, as these are key skills for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the AML/KYC field.
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Understand AML/KYC Fundamentals
Make sure you have a solid grasp of Anti-Money Laundering (AML) and Know Your Customer (KYC) principles. Be prepared to discuss how these concepts apply to the role and share any relevant experiences you've had in similar environments.
✨Showcase Your Analytical Skills
As an Operations Analyst, you'll need strong analytical abilities. Prepare examples of how you've successfully resolved complex operational problems in the past, highlighting your thought process and the outcomes.
✨Familiarise Yourself with Regulatory Requirements
Research the specific regulatory guidelines related to AML/KYC that are relevant to the position. Being able to discuss these regulations and how they impact client due diligence will demonstrate your preparedness and expertise.
✨Emphasise Team Collaboration
This role involves liaising with various teams, so be ready to talk about your experience working in a team environment. Share examples of how you've effectively communicated and collaborated with others to achieve common goals.
