Team Developer

2 weeks ago


Hyderabad, Telangana, India Bank of America Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Description:About UsAt 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 usGlobal Business ServicesGlobal 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 system 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 . Job Description* - Sanctions Review team performs reviews for all transactions in conjunction with GES and complete the review on FircoSoft application. Team, also performs Investigation for additional information requested by Global Economic Sanctions team Responsibilities* -> Review the Global Economic Sanctions hits on Fircosoft for Asia Branches (Except India), EMEA Branches and US> Investigate the transactions through open search; Bank of America customers to be looked on Interact; OWLS; Lexis Nexis; GESCM to be used to check on prior cases> Escalate the close hits / potential hits to the next level (L2)> Process the transactions from the OFAC queues within the currency cut offs/application deadline> Work as per the Sanctions Queue allocation and raise any concerns> Review and Monitor all currency cut offs across branches> Comply with the KPIs and KRIs> Report any escalations immediately and ensure timely resolution> Must be fully conversant with Windows based IT systems, e.g., Word, Excel, PowerPoint, Outlook and Access Requirements*> Education* - Graduate (B.Com)> Certifications If Any> Experience Range* 3-8 yearsFoundational skills*> Experience In Sanctions Review process, Strong Payments knowledge (Swift),> Good Communication Skills> Quick adaptation to changing Regulatory and Sanctions Landscape Desired skills*> Ability to conduct deep dive research, Preferred exposure to FircoSoft applicationWork Timings*Staggered Night Shifts - 5:30 PM to 5:30 AM (Any 9 Hours shift on rotation basis)Job Location – Hyderabad


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