Bank of America - Charlotte, NC
posted 2 months ago
This position is responsible for providing moderately complex research, reporting, and analytical support for the delivery of end-to-end support for Global Markets sales, trading, and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives, and over-the-counter derivatives across multiple Lines of Business. The role involves carrying out duties under general supervision and assisting teammates while following established procedures. The Anti-Money Laundering (AML) Know Your Customer/Client Due Diligence (KYC/CDD) team is part of the Global Operations organization and is responsible for client AML/KYC refresh globally. This team supports the business in completing AML/KYC due diligence checks as well as maintaining client records. The analyst will be expected to maintain the accuracy of the client portfolio using internal and external comparison tools, perform research, and conduct moderately complex analyses using established techniques. This includes handling transactions that require special handling and exception handling. Additionally, the analyst will explore methods to enhance processes, reduce risks, and improve client experience. Collaboration with colleagues on the trade and sales support teams, as well as external agents, is essential. The role also involves creating reports, liaising with internal partners to ensure proper client reporting, and assisting with regulatory reporting. The analyst will escalate potential risks and exposures to their manager in a timely manner and assist with ad-hoc projects, new processes, or initiatives requiring coordination among subject matter experts across multiple product areas or functions. Conducting client due diligence (CDD) and enhanced due diligence (ECDD) in accordance with internal policies, procedures, and regulatory guidelines is a key responsibility, along with reviewing refresh requirements for assigned jurisdictions to ensure adequacy and accuracy before sending requirements to clients.