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 Overview*Sanctions Filter Support is responsible for reducing false positive sanctions volumes through rule-based coding and analytics. The team develops and maintains rules and exceptions using Fircosoft-based coding. In addition, the process includes conducting impact and regression analysis through FOF testing, which requires strong expertise in Excel and database tools. Associates are expected to independently analyze data, derive insights, and recommend process improvements. The team also produces detailed reports on OFAC hit rates and identifies opportunities to optimize rules, exceptions, and blocking logic to minimize unnecessary alerts while maintaining compliance integrity.
Job Description*Functions as a proficient technical resource contributing to the design, development, and implementation of complex applications, including the use of new technologies. Participates in project work and may support or guide team activities related to operational or strategic initiatives. Accountable for applying technical expertise as an individual contributor to drive process efficiency and effectiveness.
- Work on Fircosoft utilities (FML, FMM, FFF)
- Develop and maintain rules and exceptions
- Support reduction of false positives in OFAC queues
- Work across multiple data sources (databases/NAS drives) using SQL and analytical tools
- Generate reports and perform analysis to draw data-driven conclusions
- Engage with onshore LOB partners and Global Economic Sanctions teams
- Identify and mitigate risks related to unintended release of genuine OFAC matches
- Monitor reports and provide updates to reduce operational and compliance risk
- Organize and analyze data using advanced analytics tools, including VBA
- Apply data-driven decision-making approaches, including Six Sigma concepts
- Support internal and external audit reviews
Responsibilities*- Manage coding volumes for rules and exceptions
- Ensure format errors are identified and resolved at the start of day
- Perform detailed analysis of OFAC hit rates and provide structured outputs to LOB
- Execute systemic testing (including FOF) to support business requirements
- Analyze heavy hitter reports to reduce false positive volumes
- Support initiatives to minimize overall OFAC alert volumes
- Manage regulatory and compliance risk through ongoing monitoring and controls
- Contribute to global dashboards and analytics reporting
- Share and replicate best practices across regions
Requirements*- Strong written and verbal communication skills
- Advanced Excel skills, including formulas and macros
- Ability to create and maintain VBA modules
- Experience with MS Access and basic programming knowledge
- Strong SQL skills for data extraction and analysis
- Knowledge of data modeling
- Proficiency in advanced Microsoft Office tools
Education* B tech CSE/IT/BSc computer science /MCA
Experience Range*2-3 years
Foundational skills* SQL/Scripting/Business analytics/Data mining
Desired skills Domain knowledge on Sanctions/Payments
Work Timings*11:30 AM to 8:30 PM (must be flexible)
Job Location* Hyderabad
