Job Description:
Job Title: EMEA AML – Beneficial Ownership Registry Consult
Corporate Title: AVP
Location: Dublin
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Location: Dublin
Find us at our Central Park office, Leopardstown, where you will find our state-of-the-art facilities based in Dublin’s premium business park. With an onsite gym, staff restaurant and coffee shop, all your daily needs are conveniently catered for. There are also a range of travel options available to staff, including the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park, which means getting to work has never been so easy.
Role Description:
The Senior Operations Associate will support the Beneficial Ownership Registry 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, 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 analysing 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-averse mindset. The ideal candidate should have a working knowledge of Anti Money Laundering regulations.
Responsibilities:
* Conducting BOR consultations for impacted clients.
* Reviewing discrepancies and identifying 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 BOR consultation.
* Participating in internal/external audits and quality validation.
* Tracking cases and ensuring timely completion.
* Participating in the implementation of BOR consultation processes for new jurisdictions.
What we are looking for:
* Experience with Anti-Money Laundering, Know Your Customer/Client Due Diligence 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 data accuracy and reporting quality.
* Verbal and written communication skills.
* MS Office Suite (Excel/Word/Outlook) skills.
* Ability to provide executive summaries.
Benefits of working at Bank of America Ireland:
* Private healthcare for you and your family, with an annual health screen to help manage your physical wellness, plus the option to purchase a screen for your partner.
* Competitive pension plan, life assurance, and group income protection cover in case of disability or health issues.
* 20 days of backup childcare, including virtual tutoring, and 20 days of adult care per year.
* Options to customize your core benefits and select flexible benefits such as a wellbeing account, travel insurance, specified illness cover, etc.
* Use of a flex fund towards benefits.
* Access to free counselling through an Employee Assistance Programme and virtual GP services.
* Opportunity to donate to charities via payroll, with the bank matching your contributions.
* Access to Arts & Culture corporate memberships with discounted entry to iconic cultural institutions in the UK and Ireland.
* Volunteer opportunities to give back to your community, develop new skills, and work with diverse groups.
Bank of America
Good conduct and sound judgment are crucial to our long-term success. It’s important that all employees understand our standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are central to our Code of Conduct and risk management.
We are an equal opportunity employer, ensuring no applicant faces discrimination based on gender, gender identity, marital status, race, ethnicity, age, sexual orientation, socio-economic background, dependents, or disabilities. Our recruitment process is designed to be accessible, and we encourage candidates to inform us of any adjustment needs.
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