Team Leader

Job Description:

About Us

At 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 Services

Global 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.

Job Description: AML Operations (AML)

KYC - The purpose of the job is to report and analyze data around completeness and accuracy of the “Know Your Customer” data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures.  In addition, this job is to ensure that the appropriate Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies.  This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements. The purpose of the job is to report and analyze data around completeness and accuracy of the “Know Your Customer” data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures.  In addition, this job is to ensure that the proper Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies.  This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.

To ensures an environment where particular client is complying with the CDD (Client Due Diligence) guidelines. They perform the checks on the population managed by On-boarding teams globally and are responsible to have most updated documentation / information updated for clients maintaining relationship with Bank of America.

AML On-boarding function delivers support for Global Banking and Markets business with End-to-End AML/KYC On-boarding process. The team is responsible for adherence to client regulatory requirements as part of the Onboarding process.

GBGM AML High Risk Detection Screening process associates are responsible for identifying, reviewing, and recommending next steps (no action necessary or escalation) of negative news alerts on behalf of the GBAM LOB as part of the BAC Customer Due Diligence process.  Associates must be able to; a) determine if the alert matches our customer and confirm his or her or the entities’ identity and b) make a determination if the news is material and relevant and escalate for further review and investigation by the GBAM line of business. 

Requirements

Education: MBA / PGDM

Certification if any- NA

Experience Range- Fresher / 0 years

Foundational Skills

·        Analytical problem solving

·        Technical skills (MS Office: Excel & PowerPoint)

Location: Should be willing to work in any locations namely – Mumbai, Chennai, Gurugram, Gandhinagar (GIFT), Hyderabad as per company requirement