Job Description
Overview (Bank overview, GBS India overview, Function 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 opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all 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
Loan Servicing Operations supports existing Commercial Lending products and services (Syndicated & Bilateral Loans). These services include updating customer and loan information, responding to client and business partner enquiries, managing financial and non-financial transactions, generating bills and invoices, and providing customer support and general maintenance through the life of the loan.
Job Description
Dedicated Servicing Team (Agented/Part-bought) supports Syndicated Loans servicing both 'As 'Agent' and in 'Part-bought' lender capacity, mainly for US region relationships. People Managers play a vital role in managing large teams of servicing/processing associates as mentors, problem-solvers, and performance boosters.
Responsibilities
• Mentor associates, enable talent, provide guidance, and encourage morale and performance improvements
• Respond to Escalation emails from internal partners & business contacts
• Partner with the teams and facilitate prioritization of work as per business need
• Ensure and drive strong process controls and governance around SLA and metric management
• Interact and build rapport with Business Partners & stakeholders
• Engage key stakeholders across levels and work through building agreement across solutions
• Approve high value transactions as per agreed 'Delegation of authority'
• Identify and suitably escalate risk issues or controls gaps, work towards risk mitigations through controls enhancements and create a risk proactive team culture, following the risk framework all through.
• Adopt an innovative approach to work and continuously identify and highlight process improvement opportunities
• Ability to analyze data and come up with strategies of effective capacity utilizations
• Understand and review global regulatory/compliance policies and identify controls
• Provide Subject Matter Expertise and Guidance to the team
• Coach and train seasoned SMEs to create adequate backups.
Requirements
Job Title
Assistant Manager IC
Education
• B Com, M Com, MBA (graduation in finance stream)
• Certifications - If Any
Experience Range
8-12 Years of relevant experience
Foundational Skills
• Business Process Excellence - Quality Assurance & Management, SOP Writing/Update Sharing, Process Map Creation │ Expert
• Operational Risk - Inadequate or failed internal processes, people, and systems or from external events │ Advanced
• Reconciliation - Understanding on GLs, Past dues etc. │ Advanced
• Commercial & Business Banking Lending - Basic Overview, Credit Product Knowledge, Loans Life Cycle & Credit documents │ Advanced
• Loan Servicing (Bilateral and Syndication) - Overview, types of Facilities, roles of different parties, Advances, Payments, Pricing Change, Renewals/Rollovers, Conversions, Fees, LCs, and Loan Maintenance │ Advanced
• Issues, Risks and Control Enhancements - Identification, documentation, monitoring, escalation and timely resolution of issues, risks, and controls │ Advanced
• Flexible and Open-Minded │ Expert
• Positive Impact and Influence │ Expert
• Developing Others │ Expert
• Active Listening │ Expert
• Attention to Detail │ Expert
• Analytical Thinking │ Expert
• Critical Thinking │ Expert
• Communication Skill - Verbal/Written │ Expert
• Design Thinking │ Expert
• Process re-engineering skills │ Expert
• Customer Focus │ Advanced
• Stakeholder Management & Network/Relationship Building │ Advanced
• Strive for Excellence/Change Management │ Advanced
• Empathy/Managing Emotions - Emotional Intelligence │ Advanced
• Inclusive Leadership/Manager and Leadership Effectiveness │ Advanced
• Team Building │ Advanced
• Entrepreneurial Initiative │ Advanced
• Conflict Management │ Advanced
• Interviewing Skills │ Advanced
• Negotiation Skills │ Advanced
• MS Office (Excel, Word, PowerPoint) │ Advanced
• Business Analysis (Translating business requirements into technical specs) │ Advanced
• Process Mapping Tools - MS Visio, Aris etc. │ Proficient
Desired Skills
• Overview & Navigation of Loan IQ │ Expert
• Overview & Navigation of Clearpar │ Expert
• Banking & Markets Knowledge - Closing & Settlements, Loan Trade Servicing & Assignments, Primary & Secondary Markets │ Advanced
• Global Payment Product/Ops knowledge - Wire Transfer, Direct Debit, ACH, Swift etc. │ Advanced
• Robotics - Reporting, Monitoring and Governance │ Proficient
• Functional knowledge of AI/ML tools │ Proficient
• Multi-Tasking │ Advanced
• Building Your Personal Brand │ Advanced
• Abstract Reasoning/Thinking │ Advanced
• Project Management - Agile, DMAIC, DFSS etc. │ Advanced
• Numerical Ability │ Proficient
• Collaborative Training & Communication Tools - Ex: Cisco WebEx, MS Team, Skype, Zoom etc. │ Advanced
• Overview & Navigation of WorkFusion │ Proficient
• Data Management & Dashboard Tools - Tableau, Alteryx, SharePoint etc. │ Proficient
• Project Management Tools - Jira, Confluence, JMP, Minitab etc. │ Proficient
Skill maturity level definitions
Level 1 : Proficient- Employee/Candidate is sometimes demonstrating this skill in standard work situations and interaction environments
Level 2 : Advanced- Employee/Candidate is regularly demonstrating this skill in standard work situations and interaction environments
Level 3 : Expert- Employee/Candidate is consistently demonstrating this skill in complex work situations and interaction environments
Level 4 : Master- Employee/Candidate is not only consistently demonstrating this skill in complex work situations and interaction environments, but he/she has been instrumental in mentoring or training fellow associates to develop the said skill on more than one occasions
Work Timings
• 18.30 hrs - 03.30 hrs (US Region)
Job Location
Hyderabad
List of Process / Business with best suited profile fitment for the role
Dedicated Servicing – BofA As Agent and Part Bought
Requisition ID
To be filled by the TA Partner
Role Type
Assistant Manager (IC)
Sub Band
7A
Segment Type
Non - IT
Location
Hyderabad
GDL
Argho Sen
GDL one Down
Manish Nigam
Function
Loan Servicing Operations
LOB
Loan Servicing Operations
Business / Process Name
Dedicated Servicing
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 opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all 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
Loan Servicing Operations supports existing Commercial Lending products and services (Syndicated & Bilateral Loans). These services include updating customer and loan information, responding to client and business partner enquiries, managing financial and non-financial transactions, generating bills and invoices, and providing customer support and general maintenance through the life of the loan.
Job Description
Dedicated Servicing Team (Agented/Part-bought) supports Syndicated Loans servicing both 'As 'Agent' and in 'Part-bought' lender capacity, mainly for US region relationships. People Managers play a vital role in managing large teams of servicing/processing associates as mentors, problem-solvers, and performance boosters.
Responsibilities
• Mentor associates, enable talent, provide guidance, and encourage morale and performance improvements
• Respond to Escalation emails from internal partners & business contacts
• Partner with the teams and facilitate prioritization of work as per business need
• Ensure and drive strong process controls and governance around SLA and metric management
• Interact and build rapport with Business Partners & stakeholders
• Engage key stakeholders across levels and work through building agreement across solutions
• Approve high value transactions as per agreed 'Delegation of authority'
• Identify and suitably escalate risk issues or controls gaps, work towards risk mitigations through controls enhancements and create a risk proactive team culture, following the risk framework all through.
• Adopt an innovative approach to work and continuously identify and highlight process improvement opportunities
• Ability to analyze data and come up with strategies of effective capacity utilizations
• Understand and review global regulatory/compliance policies and identify controls
• Provide Subject Matter Expertise and Guidance to the team
• Coach and train seasoned SMEs to create adequate backups.
Requirements
Job Title
Assistant Manager IC
Education
• B Com, M Com, MBA (graduation in finance stream)
• Certifications - If Any
Experience Range
8-12 Years of relevant experience
Foundational Skills
• Business Process Excellence - Quality Assurance & Management, SOP Writing/Update Sharing, Process Map Creation │ Expert
• Operational Risk - Inadequate or failed internal processes, people, and systems or from external events │ Advanced
• Reconciliation - Understanding on GLs, Past dues etc. │ Advanced
• Commercial & Business Banking Lending - Basic Overview, Credit Product Knowledge, Loans Life Cycle & Credit documents │ Advanced
• Loan Servicing (Bilateral and Syndication) - Overview, types of Facilities, roles of different parties, Advances, Payments, Pricing Change, Renewals/Rollovers, Conversions, Fees, LCs, and Loan Maintenance │ Advanced
• Issues, Risks and Control Enhancements - Identification, documentation, monitoring, escalation and timely resolution of issues, risks, and controls │ Advanced
• Flexible and Open-Minded │ Expert
• Positive Impact and Influence │ Expert
• Developing Others │ Expert
• Active Listening │ Expert
• Attention to Detail │ Expert
• Analytical Thinking │ Expert
• Critical Thinking │ Expert
• Communication Skill - Verbal/Written │ Expert
• Design Thinking │ Expert
• Process re-engineering skills │ Expert
• Customer Focus │ Advanced
• Stakeholder Management & Network/Relationship Building │ Advanced
• Strive for Excellence/Change Management │ Advanced
• Empathy/Managing Emotions - Emotional Intelligence │ Advanced
• Inclusive Leadership/Manager and Leadership Effectiveness │ Advanced
• Team Building │ Advanced
• Entrepreneurial Initiative │ Advanced
• Conflict Management │ Advanced
• Interviewing Skills │ Advanced
• Negotiation Skills │ Advanced
• MS Office (Excel, Word, PowerPoint) │ Advanced
• Business Analysis (Translating business requirements into technical specs) │ Advanced
• Process Mapping Tools - MS Visio, Aris etc. │ Proficient
Desired Skills
• Overview & Navigation of Loan IQ │ Expert
• Overview & Navigation of Clearpar │ Expert
• Banking & Markets Knowledge - Closing & Settlements, Loan Trade Servicing & Assignments, Primary & Secondary Markets │ Advanced
• Global Payment Product/Ops knowledge - Wire Transfer, Direct Debit, ACH, Swift etc. │ Advanced
• Robotics - Reporting, Monitoring and Governance │ Proficient
• Functional knowledge of AI/ML tools │ Proficient
• Multi-Tasking │ Advanced
• Building Your Personal Brand │ Advanced
• Abstract Reasoning/Thinking │ Advanced
• Project Management - Agile, DMAIC, DFSS etc. │ Advanced
• Numerical Ability │ Proficient
• Collaborative Training & Communication Tools - Ex: Cisco WebEx, MS Team, Skype, Zoom etc. │ Advanced
• Overview & Navigation of WorkFusion │ Proficient
• Data Management & Dashboard Tools - Tableau, Alteryx, SharePoint etc. │ Proficient
• Project Management Tools - Jira, Confluence, JMP, Minitab etc. │ Proficient
Skill maturity level definitions
Level 1 : Proficient- Employee/Candidate is sometimes demonstrating this skill in standard work situations and interaction environments
Level 2 : Advanced- Employee/Candidate is regularly demonstrating this skill in standard work situations and interaction environments
Level 3 : Expert- Employee/Candidate is consistently demonstrating this skill in complex work situations and interaction environments
Level 4 : Master- Employee/Candidate is not only consistently demonstrating this skill in complex work situations and interaction environments, but he/she has been instrumental in mentoring or training fellow associates to develop the said skill on more than one occasions
Work Timings
• 18.30 hrs - 03.30 hrs (US Region)
Job Location
Hyderabad
List of Process / Business with best suited profile fitment for the role
Dedicated Servicing – BofA As Agent and Part Bought
Requisition ID
To be filled by the TA Partner
Role Type
Assistant Manager (IC)
Sub Band
7A
Segment Type
Non - IT
Location
Hyderabad
GDL
Argho Sen
GDL one Down
Manish Nigam
Function
Loan Servicing Operations
LOB
Loan Servicing Operations
Business / Process Name
Dedicated Servicing
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Manager IC position is now open for candidates interested in the Bank Jobs sector. This role in Hyderabad offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
