Team Member

Overview

Bank of America is one of the world’s leading 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. 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.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

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 individuals, businesses and institutional investors we serve worldwide.
- _BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank._

**Process Overview**
- Centralized Document Control team at Global Business Services carry out inline review and approval of retail and retirement financial transactions entered by MLWM Branch office associates and ML Edge Distributions Team. Transactions include full and partial transfers initiated out of ACAT eligible accounts based on paperwork, Same Name (SN) transfers, transactions entered via Branch Verbal Recording (excluding Fed Funds and high threshold transactions) and Standing Letter Enrollments / Updates.
- These transactions involve contribution/distribution and brokerage account transfers related to 401k BASIC, 403B, IRA, IRRA, ROTH, SEP, SIMPLE, ESA, 529, BASIC & all retail brokerage accounts. Distribution requests include, but are not limited to: journal entries, checks, fed funds, broker transfers, MMTRN etc. This includes complex transaction requests involving legal and special distributions.

**Job Description**
- Associate will be a contributing member of the Centralized Document Control Team within Banking, Brokerage Operations and Client Services. He/she will drive productivity & accuracy, generate client satisfaction.

**Responsibilities**
- Review and approve distribution entered based on Letter of authorization/Verbal Recording out of a retirement or Retail Brokerage account by Edge Distributions or MLWM Branch associate in the form of Either JE, Money Movement and Check.
- Reviews and approve transactions from ML brokerage accounts for accuracy and compliance as these Disbursements have been entered by CA/FA per verbal instructions from client at branch, by phone or Through call over the recorded line at ML branch.
- Ensure the Tax obligation are followed for all the distribution as per the State/Fed Tax Rules (Mandatory/ Opt out/Voluntary)
- Ensuring the appropriate forms/documents have been provided for respective transactions and are in line with the regulations.
- Review and approval of asset transfer requests for the MLWM client base.
- Review and approve Standing Letter of Authorization (STLOA) and Standing letter of Instruction (STLOI) entered at Branch

**Requirements**
- ** Education**:

- Graduates preferably in Commerce
- Certifications If Any
- NA
- ** Experience Range**:

- 24-48 months
- ** Foundational skills**:

- Basic banking and financial knowledge (like US Retirement Products)
- Good communication and listening skills.
- Strong analytical skills with great attention to details to perform the document review and reconciliations
- Organized and able to multi-task in a fast-paced environment
- ** Desired skills**:

- Highly motivated, able to work independently
- Excellent interpersonal skills, positive attitude, team-player
- Willingness to learn and adapt to changes

**Work Timings**

18:30 to 03:30 & 19:30 to 04:30

**Job Location**

Gurugram

**Job Band**:
H8

**Shift**:
**Hours Per Week**:
45

**Weekly Schedule**:
**Referral Bonus Amount**:
0