e.g. job, company, title
e.g. city, county or postcode
advanced search »

KYC Refresh Analyst

Bank of America

Apply for this job

Corporate Title: Officer

Location: Bromley

Line of Business: Global Banking and Markets

The GBAM Anti-Money Laundering (AML) Refresh team performs AML Know-Your-Client/Client Due Diligence (KYC/CDD) for Global Banking and Markets clients of Bank of America Merrill Lynch. This team covers refresh (periodic review) as its core activity and is responsible for the periodic refresh of existing clients to ensure that Bank of America meets both the regulatory and internal AML/KYC requirements. The team is responsible for reviewing and approving KYC/AML documentation for the Bank’s branches globally for all lines of business including Global Markets, Global Banking and Global Commercial Banking.

The team is looking for an individual with experience of AML/KYC documentation and AML regulations, as well as knowledge of hedge funds, trusts, partnerships and different corporate structures. Knowledge/understanding of, or exposure to Asia KYC requirements would also be a plus. The role includes a considerable element of conducting external research and maintenance of information electronically, therefore a solid knowledge of PC skills are required as are good organizational skills.

What will your main responsibilities involve?

  • Ensure that documentation requirements are met and perform Anti-Money Laundering checks on existing clients. This includes independent verification of information supplied by using external research via the internet and vendors such as Mint Global and Banker’s Almanac
  • Liaise with sales/client teams to obtain and validate correct documentation
  • Review of completed documentation when received back from client and if appropriate sign off documentation in compliance with local AML regulations
  • Process KYC/AML by enriching KYC requests in the system and performing enhanced due diligence as required
  • Liaise with internal departments to support KYC issues
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Follow up on all outstanding issues
  • Participation in Remediation, internal/external Audits

What skills and qualifications will you ideally possess?

  • Experience in a similar role
  • Excellent communication skills, both oral and written
  • A flexible, team spirited approach with the ability to work independently
  • Excellent Risk awareness (Inc. Operational, Compliance, Business & Reputational)
  • Knowledge of various corporate structures e.g. Funds, Trusts Partnerships
  • Ability to work accurately to tight deadlines in a demanding environment
  • Ability to identify and resolve problems
  • Foreign language skills would be desirable but not essential

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 19 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch’s responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you‘re interested in this opportunity please send your details to us by applying online.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Posting Date: 06/06/2019

Location: 26 ELMFIELD RD - United Kingdom

Full / Part-time: Full time

Hours Per Week: 35

Apply for this job


The number of jobs in each salary range for all:

Similar jobs
By creating an alert, you agree to our T&Cs and Privacy Notice, and Cookie Use.

Hays Specialist Recruitment Limited
£45,000 per annum
London,South East England
more details »

KYC Analyst Permanent Role

Hays Specialist Recruitment Limited
£30,000 per annum
London,South East England
more details »

KYC Analyst - London

Efficient Frontiers International
JOBSWORTH: £52,238 P.A.?London England
more details »