Job Description

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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

Sanctions Review team currently performs Sanctions Screening in Fircosoft systems for all payments entities, settlements and trade transactions for Asia, EMEA & US at Enterprise level. All the payments whether manually created on GBS, FPS, or STP and Trade transactions passes through Fircosoft for sanctions review. This team reviews the alerts and release the False positive transactions and escalates possible alerts for further validation.



Process the transactions from the Sanctions review queues within the currency cut offs and review the Global Economic Sanctions hits on Fircosoft. Investigate the transactions coming in to the queue for additional information required as per procedures.

Responsibilities

• Review the Global Economic Sanctions alerts on Fircosoft
• Escalate the close hits / potential hits to Advance Queues or Local Compliance
• Review and Monitor Sanctions queues across profiles
• Review and Monitor all currency cut offs across branches
• Report any escalations immediately and ensure timely resolution
• Prepare/Review EOD reports across branches and ensure appropriate monitoring of the same
• Report, monitor and escalate any cut off miss / OTD error and ensure timely resolution & control
• Identify and address knowledge gaps in the process across profiles
• Assist and adhere to any audit schedules applicable

Requirements

• Education : Commerce graduate
• Experience Range : 2-5 years
• Desired skills : Knowledge Sanctions/Payment/KYC/AML

Work Timings : Night shift (7:30 PM to 4:30 AM)

Job Location : Gurugram