Senior Team Member

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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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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.
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
  

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Requirements
Education : Commerce graduate
Experience Range : 2-5 years
Foundational skills* Experience In Sanctions Review process, Strong Payments knowledge (Swift), Good Communication Skills
Desired skills : Knowledge Sanctions/Payment/KYC/AML
Work Timings : Night shift (7:30 PM to 4:30 AM)
Job Location : Gurugram