Job Description:
Job Title: Operations Analyst
Corporate Title: Officer
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.
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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 Overview:
Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train.
Role Description:
The EMEA Payment Financial Crimes Team carry out post-monitoring reviews of payments and receipts and conduct further investigations on payment instructions which failed to meet adequate payment transparency to comply with local regulatory requirements under the Funds Transfer Regulation (EU Reg 2015/847), UK AML Info Reg & Swiss AML Ordinance FINMA.
The team are responsible for liaising with the offending banks to obtain all required information to make a decision based upon the outcome of investigation.
Responsibilities:
- You will carry out analysis of Repeatedly Offending Payment Service Providers (PSP) and Intermediary Payment Service Providers transactions for both Payable and Receivables.
- You will consult directly with other banks, or via Servicing for our own PSP clients to remediate their transactions.
- You will handle all incoming regulatory enquiries for all EMEA branches from other banks via SWIFT and Email.
- You will liaise with GFC (Global Financial Crimes), COR (Compliance and Operational Risk), GTS (Global Treasury Services) and TFSO to jointly review and assess findings to consider consequences.
- You will provide and present reporting and dashboards to senior leaders and stakeholders.
- You will attend monthly Governance forums.
- You will represent the team on various projects including Global Payment Transformations projects, operational excellence initiatives and technology enhancement calls.
What we are looking for:
- You will have knowledge of the Funds Transfer Regulation and other global regulations.
- You will have extensive knowledge of EMEA Payments and clearings.
- You will have knowledge of GBS and GIN.
- You will have the ability to compile reports and monthly dashboards.
Skills that will help (optional):
- An excellent attention to detail will be advantageous.
- Being intellectually curious will be advantageous.
- Being able to identify trends through reporting to mitigate and reduce regulatory risk will be advantageous.
- Good communication skills (both written and verbal) will be advantageous.
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 partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
- The 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 etc
- Use of a flex fund to use towards benefits
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland's most iconic cultural institutions
- Opportunity 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 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.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.