Bank of America India
Bank of America India | Team Leader
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Job Highlights
Responsibilities
- The team also investigates requests from the Global Economic Sanctions team for additional transaction information.
- Be a subject matter expert and train the new joiners in the team
- Review the Global Economic Sanctions hits on Fircosoft for Asia Branches (Except India), EMEA Branches (Except Greece) and US.
- Investigate the transactions coming in to the queue for additional information required by GES (Global.
- Investigate the transactions which are rejected for any possible OFAC Sanctions reasons.
- Review the Global Economic Sanctions hits on Fircosoft for printed checks (DPS files).
- 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.
- Prepare monthly process dashboards as per schedule.
- 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.
- Comply with the CTQ (Critical to Quality).
- Monitor the group mailbox
- Escalate the close hits / potential hits to GES or Local Compliance
- Process the transactions from the OFAC queues within the currency cut offs
Experience range* 5-8 years of experience
- Must be fully conversant with Windows based IT systems, eg, Word, Excel, PowerPoint, Outlook and Access.
- Desired skills* Strong ability to conduct detailed research, with preferred exposure to the FircoSoft application.
- Experience Range* 5-8 years of experience
About the company
Bank of America
Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.
Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.
