Assistant Vice President Officer KYC AML Refresh Operations

Bank of America; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Bank of America in India (BANA) is seeking a Full-Time AML/KYC Analyst to support India RBI refresh cases and CKYC (Centralized KYC). The role covers AML/CDD checks in line with country standards and CIP/CDD procedures, with collaboration across Banking and cross-regional teams.

A 3–5 year background in AML/KYC and CAMS certification is preferred. The team ensures timely completion of reviews, regulatory compliance, and periodic audits, contributing to a robust customer due diligence program

Qualifications

• Postgraduate or equivalent degree.
• 3-5 years’ AML/KYC experience.
• Well versed with India Country regulations for corporate customer KYC’s.
• Preferred: CAMS or any other AML/KYC certifications.

Responsibilities

• Perform document Gap analysis with available documents and ensure it meets the India regulation.
• Provide end-to-end support for periodic review cases, ensuring timely completion and adherence to regulatory and internal policy requirements.
• Perform CKYC Process and ensure timeliness.
• Provide support to refresh process by conducting Pan 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 India 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.

Skills

AML/KYC experience

India KYC regulations

CAMS

MS Office

Communication skills

Process improvement

Collaborative

Education

Postgraduate degree

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. Join us!

The Function

The BANA India Refresh Team are part of Global Banking & Global Markets Operations which ensures the periodic refreshes are completed within the stipulated timelines as per their dynamic risk rating. The Team works with refresh analyst globally and ensures the India regulations for corporate clients are satisfied. The Team more over acts as a support function and performs processes like Document Gap analysis, Pan validation and Centralized Know your customer (CKYC) uploads to CERSAI Portal. The team also participates in periodic internal and external audits, regulatory submissions and furnish India refresh datapoints to relevant stakeholders.

The Role

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

Role Responsibilities

• Perform document Gap analysis with available documents and ensure it meets the India regulation.
• Provide end-to-end support for periodic review cases, ensuring timely completion and adherence to regulatory and internal policy requirements.
• Perform CKYC Process and ensure timeliness.
• Provide support to refresh process by conducting Pan 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 India 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

• Postgraduate or equivalent degree.
• 3-5 years’ experience in Anti-Money Laundering (AML)/ Know your customer (KYC).
• Well versed with India 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.