Corporate Banking Support Specialist

4d4 days ago

Bank of America

London, GB · Full-time · £65,000 – £85,000

About this role

At Bank of America, we help make financial lives better through the power of every connection, guided by Responsible Growth. The Corporate Banking Support Specialist assists bankers with operational tasks including KYC tracking, population oversight, sales data management, Client Activity Monitoring, Economic Sanctions, and Material Negative News. The role ensures regulatory and policy objectives are met across regional and industry teams in Corporate Banking.

You will engage with partners across business sectors and regions to execute key tasks timely, reviewing reporting to track clients in the KYC process and providing updates to banking teams. Monitor risks and business impacts of KYC non-compliance. Partner with KYC support to validate and communicate refresh forecasts.

The team works with GCIB partners to execute on behalf of clients, reviewing processes, identifying issues, and suggesting improvements. Support core processes like Special Purpose Entities and compliance tracking. Ensure accurate client coverage data and performance metrics are met.

Bank of America offers a diverse, inclusive workplace, investing in teammates with benefits for physical, emotional, and financial well-being. Enjoy flexibility through a multi-faceted approach and opportunities to learn, grow, and make an impact in a great career.

Requirements

Experience in a client facing or business support role in the financial services or related industry
Knowledge of AML CDD industry practices
Familiarity with KYC processes and procedures
Understanding of regulatory compliance in corporate banking
Ability to manage sales information and data in core systems
Experience tracking client activity and sanctions screening
Proficiency in reviewing and remediating compliance reporting

Responsibilities

Validate and track changes to quarterly KYC refresh population, partnering with KYC support to review and communicate forecasts
Review clients for appropriate activity and work with Bankers to determine if KYC refresh is required
Review KYC requirements before client outreach as necessary
Submit KYC extension requests for clients subject to restriction or closure
Support KYC process for clients needing to transact while in restriction
Ensure accurate client coverage data across core systems
Review and remediate banker Scorecards for accuracy, ensuring new clients are onboarded
Support key compliance processes including Client Activity Monitoring, Material Negative News, and Economic Sanctions