Officer / Assistant Vice President, Anti-Money Laundering Client Due Diligence

Are you a highly motivated individual with a passion for combating financial crime? Do you possess strong analytical skills and a keen eye for detail? If so, we have an exciting opportunity for you to join our team at Bank of America as an Officer / Assistant Vice President of Anti-Money Laundering Client Due Diligence. In this role, you will play a crucial part in preventing money laundering and other illicit activities by conducting client due diligence and implementing risk-based controls. As a key member of our AML team, you will have the chance to make a significant impact on the safety and integrity of our organization. Join us and be a part of a dynamic and dedicated team committed to upholding the highest standards of ethical conduct.

1. Conduct client due diligence to identify and mitigate potential risks related to money laundering and other illicit activities.
2. Implement risk-based controls and procedures to ensure compliance with anti-money laundering laws and regulations.
3. Monitor and analyze transactional data to identify suspicious activities and report them to relevant authorities.
4. Work closely with cross-functional teams, including legal, compliance, and risk management, to develop and implement anti-money laundering policies and procedures.
5. Stay updated on the latest trends and developments in the field of financial crime and use this knowledge to enhance the organization's AML program.
6. Conduct investigations and escalate any potential issues or violations to senior management in a timely manner.
7. Develop and maintain strong relationships with internal and external stakeholders, including law enforcement agencies and regulatory bodies.
8. Train and educate employees on AML regulations, policies, and procedures to promote a culture of compliance within the organization.
9. Continuously review and improve AML processes and procedures to ensure effectiveness and efficiency.
10. Participate in AML audits and examinations and assist in the implementation of corrective action plans.
11. Prepare and submit reports on AML activities and trends to senior management and regulatory authorities.
12. Maintain confidentiality and handle sensitive information with the utmost professionalism and discretion.
13. Serve as a subject matter expert and provide guidance and support to other team members as needed.
14. Uphold the highest standards of ethical conduct and integrity in all job duties and interactions.

According to JobzMall, the average salary range for a Officer / Assistant Vice President, Anti-Money Laundering Client Due Diligence in Singapore is between $150,000 to $200,000 per year. This can vary depending on the specific company, industry, and level of experience. Some top-paying companies in this field include banks and financial institutions, with bonuses and other benefits also factored into the overall compensation package.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.