Senior Team Member

her 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!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

Currency Reporting unit is responsible for filing of Currency Transaction Report & Designation of Exempt Person along with saving Monetary Instrument logs. CRU is involved in monitoring of cash activity and perform customer due diligence to fulfil Bank Secrecy Act requirements. Currency Reporting Unit performs following functions:

• CTR Large Currency Reporting - Files Currency Transaction Report to comply with Bank Secrecy Act which requires every financial institution to report all cash transactions greater than $10,000.00 to FinCEN. This may be single or aggregated transactions that occur on the same business day for the same individual/ business. Such transactions include, but are not limited to, deposits, withdrawals, purchases of negotiable instruments, wire transfers (funded by cash), currency exchanges, loan proceeds.

• Monetary Instrument Sales - Reviews & files Monetary Instrument Purchase Logs for customers who perform cash purchase of Monetary Instruments between $3,000 and $10,000.

Job Description

• Research & validate the reporting status of the transaction received through OneSumX application every day

• Resolve any missing/incomplete information on the transaction required to be filed with the regulator

• Update transaction details along with customer information on the OneSumX application as per procedures

• Financial Center outreach to source missing/incomplete information along with issuing errors to the Tellers

• Status the transaction as per procedure

Responsibilities

• Identify, research and status records captured by the system

• Request CTR/MIPL information as necessary from banking centers

• Mark Error to Financial Centers for incomplete/missing CTR information

• Status transactions captured by the system and records input by banking center associates

• Report potential suspicious activity when it is discovered

Requirements:

Education

Commerce Graduates (preferably Hons.)/ Finance Graduates

Certifications (Preferable)

AML related

Experience Range

Minimum 5 Years (External)

Foundational skills

• Communication Skills - Written & Verbal

• BSA knowledge relative to AML

• Knowledge of AML/KYC

• Knowledge of Banking domain

• Strong attention to detail

Desired skills

• Attention to details

• Computer literate and have intermediate knowledge of Excel

• Team Player

• Willing to work on rotational shifts

Work Timings

12:30 - 21:30 (Mon to Fri)

Job Location

Gurugram