Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:

The Senior Operations Associate will support the Beneficial Ownership Management Information System (BOMIS) consultation process as a part of the broader AML/KYC program. A beneficial ownership registry is a system or database that records the individuals or entities that ultimately own or control a company or legal entity based on relevant jurisdictional requirements, even if they are not officially listed on company documents.  The role involves performing BOR consultation for clients post completion of the core AML Refresh activities, which includes analyzing and resolving discrepancies, and filing reports with relevant agencies as needed. The environment is dynamic with the potential for additional jurisdictions to be added periodically.

The candidate will need to be familiar with how to manage the work in a case management environment including liaising with multiple key stakeholders including AML Operations, Global Financial Crimes, Sales, and other support areas. The role requires someone who can work well independently with a risk adverse mindset.  The ideal candidate should have a working knowledge of Anti Money Laundering regulations. 

Responsibilities:

Conducting BOMIS consultations for impacted clients.Reviewing discrepancies and identify materiality.Liaising with sales/ client outreach teams responsible for the collection of customer information used to validate client rationale for discrepancies where applicable.Reporting discrepancies to relevant agencies where required.Ensuring adherence to all jurisdictional requirements related to BOMIS consultation.Participating in internal/external Audits and Quality validation.    Tracking cases and ensuring timely completion.Participate in the implementation of BOR consultation processes for new jurisdictions.

Skills:

Experience with Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) preferred.Familiarity with data capture and workflow applications/tools.Ability to work in a dynamic production environment.Able to work independently across multiple areas of the bank.Able to meet, track and manage competing priorities and deadlines while maintaining and ensuring the accuracy of the data and reporting.   Strong verbal and written communications.Strong MS Office Suite (Excel/Word/Outlook) skills.Ability to provide executive summaries.