Job Description:About UsAt 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!
Global Business ServicesGlobal 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 OverviewGlobal Markets Operations & Middle Office provides operations support to the Global Markets Business of Bank of America. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (FX) and commodities. Market Account Offboarding process is engaged in offboarding of trading accounts/identifiers through robust procedure/due diligence and coordination with various business partners. Key activities are analyzing, reconciling and identifying defects/potential non-compliant accounts followed by closure, reporting and control governance.
Job DescriptionMarket Account Offboarding process includes activities/role related to data reconciliation, reports and database management pertaining to AML KYC defect detection and reporting. This includes coordination and support to Sales, AML Refresh/Operations, Client Offboarding to take action and perform remediation on timely manner. The task involves thorough, timely and accurate review of data, verification and publication of reports as per BAC Policy on Money Laundering and Anti-Money Laundering Program and the Global Banking & Markets (GBAM) AML Standards. Therefore, the role is critical and knowledge of Regulatory and compliance requirement is important.
Responsibilities• Good understanding of Global Markets / Reference data/Onboarding, regulatory and compliance. Basic understanding of AML KYC/OFAC/GFC.
• Capability to work on large data-set, analyze and prepare reports. This role would require good excel knowledge along with presentation skills. Should have expertise in excel to efficiently work on critical reports and database management.
• Ability to work in dynamic, time sensitive and challenging environment, meets defined SLA and accuracy consistently. Must have a team player perspective & be able to communicate confidently and clearly.
• To drive the development, implementation and regular review of policies and procedures on process, compliance risks and issues that are material to the Business, including Anti-money Laundering, Know Your Customer and Suitability ensure adequate staff awareness and training.
• Perform self-review of data input in the back-office systems. Ability to perform checks in order to maintain control and maintain process accuracy.
• Work on projects and special assignments and provide SME support.
• Ensure that all established procedures are followed
• Excellent organizational skills are required with the ability to prioritize workload, work accurately and efficiently under pressure
• To be flexible in their attitude and approach; have a strong desire to learn from day-to-day scenarios.
• Good Communication skills (spoken and written English)
• Able to work in a fast paced and busy environment (high volume with tight turnaround times)
• Tertiary qualification in business/commerce/Finance definitely preferred.
RequirementsEducation: Graduate/B.Com, Preferably Masters in Business Administration (MBA) - Finance
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Any relevant certification will be added advantage Experience Range*: 5 to 7 Years for Team Leader
Foundational Skills:- Good MS Excel and MS Word skills, presentation, communication and reporting.
- Should be flexible to work in night shifts
Desired Skills:- Analytical skills, knowledge of analytical/reporting tools tableau and advanced knowledge of Excel up to the level of creating Macro will be an advantage
Work Timings : Flexible Shifts - 17:30 to 02:30 hours IST (should be flexible to shifts)
Job Location : Hyderabad/Gurugram
