Job Description:

　　Job Title: Business Control Manager, High Risk Detection Group

　　Corporate Title: Director

　　Location: Bromley

　　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:

　　Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you will find plentiful and easy commuting routes, with central London just 15 minutes away by train.

　　Job Description:

　　We have an exciting opportunity within our High-Risk Detection team for a leader who will ensure the effectiveness and adequacy of the risk and control environment within the High-Risk Team by providing independent oversight, conduct assessments, act as a trusted advisor, promote a robust risk culture and strengthen the control environment across the organization. Primary responsibility is to ensure that high-risk customers, transactions, and business relationships are thoroughly investigated and monitored to prevent money laundering and illicit financial activities. It's a vital role in safeguarding the organizations from money laundering and financial crimes by conducting thorough investigations and implementing risk-mitigation measures for high-risk entities and transactions. Their work is critical for regulatory compliance and protecting the integrity of the financial system.

　　Responsibilities:

　　You will conduct comprehensive risk assessments to identify high-risk customers, products, services, and geographical locations within the organization.You will identify and categorize customers or entities as high risk based on predefined criteria, such as Politically Exposed Persons, high-risk jurisdictions, or unusual transaction patterns.You will ensure right processes and governance are in place to conduct in-depth investigations into high-risk customers, including their business activities, financial transactions, and relationships, to uncover potential money laundering or illicit activities.You will ensure that all EDD findings, reports, and documentation are accurately recorded and maintained for audit and regulatory purposes.You will collaborate with compliance and legal teams to develop and update AML policies and procedures related to EDD.You will stay informed about evolving Anti Money Laundering regulations and ensure the organization's EDD practices align with current regulatory standards.You will collaborate with internal and external auditors to facilitate Anti Money Laundering audits and testing related to EDD processes.You will continuously monitor high-risk customers and transaction trends to detect changes in risk profiles and adjust EDD measures accordingly.You will leverage Anti Money Laundering software and tools to enhance EDD capabilities, such as data analysis and customer profiling.You will collaborate with cross-functional teams, including legal, compliance, and risk management, to address AML risks comprehensively.

　　What we are looking for:

　　You will have an In-depth knowledge of AML laws and regulationsYou will have analytical abilities to assess and mitigate risks associated with money laundering, including transaction monitoring and data analysis.You will have experience in conducting risk assessments to identify potential vulnerabilities and develop mitigation strategies.You will have the ability to implement a risk-based approach to Anti Money Laundering, focusing resources on higher-risk areas.You will have leadership qualities to oversee Anti Money Laundering teams and drive a culture of compliance within the organization.You will have an awareness of global Anti Money Laundering trends and collaboration with international counterparts to combat money laundering on a global scale

　　Skills that will help:

　　Understanding of different global financial systems and money laundering tactics to address international AML challengesEffective communication skills to convey Anti Money Laundering policies and procedures to employees and stakeholders within the organization.

　　Benefits of working at Bank of America

　　UK

　　Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etcUse of a flex fund to use towards benefitsAccess to an emotional wellbeing helpline, mental health first aiders and virtual GP servicesAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland's most iconic cultural institutionsOpportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

　　Bank of America

　　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 mind-set 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

　　We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.