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’re 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.
Global Wholesale Banking Operations
comprises operations for Commercial and Corporate banking clients. These
operations support the business across US, Asia Pacific, & EMEA regions.
GWBO functions include implementation and servicing of credit, depository and
treasury products; processing of payments and processing of trade finance
transactions.
Education requirement
Any Graduate
Experience requirement
0-2 yrs exp
Shift Type (Rotational Shifts/Fixed): Fixed
Process Timings: Asia/EMEA/US
Weekends Off (Y/N): Y
Responsibilities
·
Update identification
information and evidence any material changes to the business or relationship
via a third party source.
·
Liaise with the Sales
Team to update KYC information and avail right documentation which unable to
source from a third party sources.
·
Obtain renewed
certificates for expired US Patriot Act Certificates.
·
Update the Risk scoring
engine and reassess risk ratings applying any special policy.
·
If for any reason
refresh documents cannot be obtained the file be escalated to AML compliance
for guidance on a case by case basis
·
Monitor name changes and
mergers previously not updated and identified as part of the AML refresh and
notify the AOG
·
Refresh approved
accounts on a regular basis using the risk based approach (risk based approach
determines the frequency)
·
Strong knowledge on
client on-boarding process covering global banking and market products.
·
Understanding on global
regulatory/compliance bodies
·
Ability to analyze
client business and assess risk associate
Requirements
·
Strong analytical, verbal and
written communication skills
·
Must be quick learner to adapt to
new systems and procedural change
·
Ability to perform in a periodically
changing process
·
Comfortable to work in multiple
systems at the same time
·
Eye for detail and must be procedure
focused to adhere to the Policy guidelines.
·
Flexible to provide extra hours in
the job as required based on Business needs
·
Attention to detail
·
Good knowledge of AML / KYC
requirements
·
Prior Experience of AML, KYC /
Compliance is an added advantage
·
A good knowledge of various
corporate structures e.g. Funds, Trusts, Partnerships, SPV’s etc.
·
Familiarity with Global Banking and
market products an advantage Knowledgeable of regulatory environment, risk
framework, policies & standards
·
Strong business centric mindset with
ability to utilize sound business judgment and tailor approach to drive optimal
business outcomes; understands how business decisions impact regional risk
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