Team Leader

Job Description

Team Leader Gurugram, India : 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. Were 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*

The team will be responsible for inline alert reviews to identify AML customer types, such as prohibited types, material negative news, Sr. Political Figures, etc. The activities include, but are not limited to:

• Evaluation and review of alerts received
• Effective communication of alert results and observations
• Escalation of alerts, as applicable

*

GB GM AML Operations Associates are responsible for identifying, reviewing, and recommending next steps (no action necessary or escalation) of negative news alerts on behalf of the GBGM 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 entity's identity, and b) make a determination if the news is material and relevant and escalate for further review and investigation by the GBGM line of business.

Responsibilities*

1. Must have good personal computing, online research, and analytical ability.
2. Must be detail-oriented, an independent thinker, and able to handle multiple cases concurrently requiring multi-tasking skills.
3. Must have excellent written and verbal communication skills and be able to coordinate communications with partners providing comprehensive, clear, and concise factual information to collaborate in the alert governance process.
4. Attention to detail and accuracy is absolutely critical as the quality of research documentation and resulting findings is critical to the integrity of the risk mitigation process.
5. Must possess critical thinking & problem-solving skills and be able to evaluate information and make judgments about the value and relevancy of information, drawing conclusions from data gathered as part of the investigation and review process to aid the line of business in critical decision-making processes.
6. Must be able to work without close supervision, managing time effectively in order to deliver optimal performance and balance precision & accuracy with the timeliness of the work product.
7. Possesses expertise in MIS reporting.
8. Interact with clients on transactional issues.
9. Provide subject matter expertise on processes.
10. Assist new hires such that they are productive on the floor in the shortest possible time frame.
11. Perform miscellaneous duties as assigned by management.

Requirements*

• Education: Graduate (any stream)
• Certifications: Association of Certified Anti-Money Laundering Specialists (ACAMs)
• Experience Range: 5-8 years

Foundational skills*

• Relevant experience in AML-related processes
• Familiarity with Global Banking and market products is an advantage
• Knowledgeable of regulatory environment, risk framework, policies & standards

Desired skills

• Should be a team player
• Good analytical skills
• Should exhibit a good grasp of process know-how
• Excellent written and verbal communication
• AML & Regulatory knowledge is an added benefit
• Fluent with Excel

Work Timings*: Job Location*: Gurugram Learn more about this role

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