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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

About the Company
Merrill Lynch Bank & Trust Company (Cayman) Limited (“MLBTC”) is a third tier, wholly owned subsidiary of Bank of America Corporation (“BAC”). Functionally, MLBTC’s activities are primarily aligned with BAC’s Merrill Lynch division. Merrill Lynch is managed and operated as a global business from the U.S. and serves its clients through all aspects of their financial lives and primarily targets affluent, high net worth and ultra-high net worth clients. 

MLBTC conducts four principal Merrill Lynch business activities, namely Deposit and Cash Management Solutions; Credit and Lending Solutions; Investment Solutions: Spot Foreign Exchange, Collateralized Foreign Exchange and Dual Currency Products and Deposit Sweeps.
MLBTC has a Category B bank license and does not conduct domestic banking business in the Cayman Islands, nor does it provide services for Caymanian residents.

Key Responsibilities

• Ensure MLBTC’s compliance with regulatory standards and internal policies. You will lead client onboarding governance, internal audits, and regulatory reporting, while collaborating across departments to maintain operational integrity.

• Oversee and monitor governance for all newly onboarded clients (individuals, partnerships, companies, trusts).

• Lead internal inspections and audits to ensure compliance with legal, regulatory, and internal standards.

• Develop and maintain checklists, protocols, and audit programs to identify and mitigate risks.

• Document audit findings and implement corrective actions in collaboration with relevant teams.

• Support regulatory, financial, and non-financial reporting to Cayman Islands authorities (CIMA, FRA, DITC).

• Draft policies and procedures and assist with international securities-based lending.

Required Qualifications & Key Competencies

• Bachelor’s degree in Business, Finance, Accounting, or related field (or equivalent experience).

• Professional designation in Compliance, Securities, Capital Markets, or Corporate Finance Law.

• Strong knowledge of Cayman Islands banking and AML regulations.

• Experience in compliance, risk management, and private banking operations.

• Proficiency with audit management software and data analytics tools.

• Strong analytical and problem-solving skills.

• Excellent time management and ability to prioritize under pressure.

• Ability to thrive in a dynamic, high-volume environment

• Leadership and interpersonal skills with proven track record in financial services.

• High attention to detail and organizational skills.

• Strong written and verbal communication.

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