Vice President, Asia High Risk detection lead

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:

High Risk Detection Group is part of AML Operations. High Risk Detection Group Support Global Banking (GB) and Global Markets (GM) LOB to detect high risk within business through ongoing monitoring and due diligence. This is managed through 3 Centre of Excellence (COEs) - AML Screening, Client Activity Monitoring and Enhanced Client Due Diligence.

This role is to lead High Risk Detection Group in APAC supporting GB and GM LOB. High Risk Detection Group a global team based in United States of America, United Kingdom, Singapore, India (GBS) and vendor contractors.   Candidate must be on hand to manage regional queries stay up to date market knowledge on key initiatives and developments within HRD screening. This role is essential for supporting Asia-specific activities, including local screening oversight, participation in audits and regulatory exams with regional presence, and managing stakeholder engagement and escalations unique to Asia. 

Responsibilities:

Primary Responsibilities Include:

• The HRD AML Operations Manager will be focused on providing individual contributor leadership to the APAC screening within the HRD organization.
• Applying risk management and governance subject matter expertise across the portfolio to support a culture of risk identification, escalation and timely mitigation of compliance and operational risks.
• The role requires collaboration with executive leadership, process owners, AML partners, GFC/GC&OR, and technology teams to support internal audits, regulatory exams, issues management, Business Controls team guidance, escalation
• Reporting of concerns impacting operations, and adherence to the Financial Crimes Global Standards.

Requirements:

• Strong executive presence and communication skills able to target messaging to different audiences by providing consolidated data in a clear and concise manner
• Working knowledge of Banking & Global Markets products and/or Regulation based Ops processes and/or high volume/large scale back-office operations
• Ability to manage multiple and competing priorities in a complex environment
• Execution-oriented with ability to quickly organize work and execute with speed
• Detail-oriented, while still being able to see the big picture
• Quickly makes connections and thinks ‘enterprise’
• Organizationally savvy and strong influence skills
• Can work across organizational lines and regions to gain consensus and buy-in from senior stakeholders
• Leverages relationships to influence outcomes and drive decisions
• Ability to lead across multiple lines of business to orchestrate cohesive risk & controls oversight and process management
• Ability to partner with, establish credibility with and influence internal and external key stakeholders in a heavily matrixed environment
• Highly collaborative, execution driven and works through influence and engagement
• Ability to bring multiple stakeholders together, directly address issues to reach consensus & decisions
• Demonstrates personal courage
• Strategic Planning and Implementation experience: Strong analytical, conceptual and problem-solving skills – ability to drive root cause analysis, focus on details, identify issues, prioritize quickly and recommend solutions.

Desired Qualifications:

• Working knowledge of Global Banking & Global Markets and applicable systems/tools
• Process improvement and six-sigma and/or data analysis experience
• Bachelor’s degree in related field or equivalent experience
• ACAMS accreditation
• Prior experience working with and navigating various bank systems, Interact, Image view and outside Internet sources.
• Willingly shares knowledge, expertise and best practices with others on the team. AML or compliance-based knowledge is an advantage for this role. (Enterprise Financial Crimes Standard, AML Program); Working knowledge of laws, rules, and regulations and ability to identify and escalate risk.

Skills:

• Adaptability
• Analytical Thinking
• Critical Thinking
• Data Collection and Entry
• Data Quality Management
• Collaboration
• Decision Making
• Interpret Relevant Laws, Rules, and Regulations
• Problem Solving
• Research Analysis