Assistant Vice President, AML Refresh Operations

Bank of America; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Bank of America in Mumbai seeks an AML/KYC specialist to support Global Banking & Markets Operations. The role focuses on Periodic Refresh and CKYC, ensuring compliance with country standards and CIP/CDD procedures.

You will perform document gap analysis, CKYC processing, and audit support, with cross-functional collaboration and MLRO liaison. Requires 3–5 years of AML/KYC experience and strong MS Office skills.

Qualifications

• 3-5 years of AML/KYC experience.
• Knowledge of country corporate KYC regulations.
• CAMs certification preferred.
• Knowledge of AML CDD policies and international entities.
• Self-starter with initiative and willingness to help others.
• Proficiency in Microsoft Office applications (Excel/PowerPoint/Word).
• Strong interpersonal and communication skills for cross-group collaboration.
• Ability to work 9:00 AM–6:00 PM with flexibility.

Responsibilities

• Perform document gap analysis to ensure regulatory compliance.
• Conduct CKYC process and ensure timeliness.
• Support Periodic Refresh and related audits by performing validations.
• Implement new regulator requirements and ensure timely adoption.
• Collaborate with Banking, Sales, and cross-regional teams as needed.
• Coordinate with MLRO for approvals to complete refreshes on time.
• Monitor risks and non-compliance with KYC processes.
• Participate in internal and external audits requiring deep research.
• Assist in remediation efforts with tight deadlines.
• Prepare MIS and control reports for stakeholders.

Skills

AML/KYC knowledge

Regulatory compliance

Analytical thinking

Communication skills

Team collaboration

Self-motivation

Tools

MS Excel

MS PowerPoint

MS Word

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Job Description:

The Periodic refresh Team are a part of Global Banking & Global Markets Operations which ensures the Periodic Refresh or reviews are completed within the stipulated timelines as per their dynamic risk rating. The Team works with refresh analyst globally and ensures the regulations for corporate clients are satisfied. The Team more over acts as a support function and performs processes like Document Gap analysis, Document Reviews and Enrichment of cases. The team participates in periodic internal and external audits, regulatory submissions and furnish refresh datapoints to relevant stakeholders.

The Role

Full Time Employee to support the AML/CDD, Global Banking and Markets Refresh process. The team covers Periodic Refresh or reviews & CKYC (Centralized KYC) as its core activities and are responsible for completing AML/CDD checks in line with country standards and CIP/CDD procedures.

Responsibilities:

• Perform document Gap analysis with available documents and ensure it meets the regulation.


• Perform CKYC Process and ensure timeliness.


• Provide support to Periodic Refresh or reviews by conducting required validations and other sub processes that might be required to fulfill the checklist.


• Be well versed & ensure any new regulations improvised/altered or added by regulator are put to implementation.


• Partner with colleagues in Banking, Sales, FLU cross regional teams and other groups as needed.


• Partner with MLRO for cases where guidance or relevant approvals are required to help complete refreshes on time.


• Monitor and understand the risks and impacts of non-compliance with KYC processes, including restrictions, closures.


• Participate in internal & external audits which requires deep research and investigation skills.


• Provide support in any remediations which might have tight deadlines.


• Prepare the MIS & Control reports and ensure the various stakeholders queries are answered.


• Challenging the status quo and suggest process streamlining where required.


• Embrace a collaborative and output-oriented culture.

Required Skills:

• 3-5 years’ experience in Anti-Money Laundering (AML)/ Know your customer (KYC).


• Well versed with Country regulations for corporate customer KYC’s.


• Preferred: Certified Anti-Money Laundering Specialist (\"CAMS\") or any other AML /KYC certifications.


• Knowledge of AML CDD policy and standards, industry practices in AML CDD, including legal entities in global jurisdictions.


• Initiative: Identify process improvements, demonstrate a \"self-starter\" behavior and a willingness to help others, and show potential to require minimal supervision.


• Excellent proficiency using Microsoft office products, particularly Microsoft PowerPoint, Excel, Word


• Excellent interpersonal skills for motivation, collaboration and encouragement


• Excellent communication skills to demonstrate collaborations with various groups as and when required.


• SGT 9:00 AM - 6:00 PM, with required flexibility to complete refresh within the time-period

Desired Skills:

• Excellent interpersonal skills for motivation, collaboration and encouragement


• Excellent communication skills to demonstrate collaborations with various groups as and when required.


• SGT 9:00 AM - 6:00 PM, with required flexibility in order to complete refresh within the time-period