13 Jun

Team Member Jobs Vacancy in Bank America Gurgaon

Position
Team Member
Company
Bank America
Location
Gurgaon HR
Opening
13 Jun, 2018 30+ days ago

Bank America Gurgaon urgently required following position for Team Member. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Team Member Jobs Vacancy in Bank America Gurgaon Jobs Details:

Team Member

Gurugram, India

Job number: 18029876

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Overview * (Bank of America overview, BA Continuum India overview, Business Overview)

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for the individuals, businesses and institutional investors we serve worldwide. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

Process Overview*

As per the requirements of US patriot ACT and AML guidelines, team is supposed to review 5 CIP elements for all the Bank of America customers. Along with that team review non CIP elements which are called as Customer Due Diligence (CDD) elements which is the requirement of Global AML. The Analyst ensures that all CIP & CDD elements are comply with the requirements otherwise letter needs to be send to the customer. If there is not response on same then same account needs to be freeze and close as per the process

Job Description*

As per the requirements of US patriot ACT and AML guidelines, team is supposed to review 5 CIP elements for all the Bank of America customers. Along with that team review non CIP elements which are called as Customer Due Diligence (CDD) elements which is the requirement of Global AML. The Analyst ensures that all CIP & CDD elements are comply with the requirements otherwise letter needs to be send to the customer. If there is not response on same then same account needs to be freeze and close as per the process


Responsibilities*

  • Work on weekly defects on AML tool(ART) to remediate key CIP elements and update SOR
  • Request clarification with onshore where applicable and send mails to relevant departments seeking information
  • Send accounts to combine profiles
  • Freeze accounts after 48 days of not being remediated and within 60days of aging
  • Submit closures on ART of unremediated frozen accounts after 60days of aging

    Report any potential suspicious activity

    Requirements*

  • Education*

    Graduate or a Post Graduate in any stream


  • Certifications If Any - NA
  • Experience Range*

    0-3 years

  • Mandatory skills*
  • Any Graduate with Commerce background or banking related
  • Basic PC Skills with typing speed of over 20WPM & 98% Accuracy.
  • Good verbal and written communication skills
  • Out of Box thinking required with clarity on Process concepts with an analytical bend of mind and eye for detail
  • Knowledge of Money Laundering and it’s relation to Banking Operations will be added advantage
  • Should have basic knowledge of Banking
  • Be willing to work in shifts as per business need
  • Be willing to do additional hours as and when required.
  • Desired skills*
  • Preferred exposure in Financial / Banking domain.
  • Prior knowledge of US Banking industry an advantage
  • Ability to work on multiple applications

Work Timings*

1330hrs – 2230hrs


Job Location*

  • Gurugram

Posting Date: 13/06/2018

Location:
OLD DELHI - JAIPUR HIGHWAY - TOWER- A, BUILDING - 3
  • India


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