Job Description
Job Description: 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 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 KYC team ensures an environment where particular client is complying with the AML/CDD guidelines. They perform the checks on the population managed by On-boarding teams globally and are responsible to have most updated documentation / information updated for clients maintaining relationship with Bank of America as per the regulatory requirements Job Description The purpose of the job is to report and analyze data around completeness and accuracy of the Know Your Customer data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures. In addition, this job is to insure that the proper Risk related activities are preformed based on the analysis of that client data and Identify the complexity of corporate &/or business structures & operations in accordance with AML This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements. As the results of analysis and outcomes are report to regulatory bodies for different jurisdictions (APAC, EMEA & AMRS). Responsibilities . To do the research on business entity for the available documents from different sources . Coordinate with different stakeholders & sales team to get or verify the information . Update identification information and evidence any material changes to the business or relationship . Basis research, do the analysis of entity portfolio and identify/report possible gaps in business portfolio . Monitor & complete the cases before it gets close or restrict . Coordinate with external auditors and regulatory teams to provide the details on entity Requirements Education Graduate. Preferable B. Com Certifications If Any Association of Certified Anti-Money Laundering Specialists (ACAMs) AML Banking Certification Experience Range 1yrs and above Foundational skills . Knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPV's etc. . Familiarity with Global Banking and market products an advantage Knowledgeable of regulatory environment, risk framework, policies & standards Desired skills . AML & Regulatory knowledge is added benefit .MS Office - Excel / Work / PowerPoint Work Timings 15:30 to 00:30 hrs. Job Location Gurugram
💡 Quick Summary
Seeking a career-building opportunity? The Team Developer position is now open for candidates interested in the Bank Jobs sector. This role in Gurgaon 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.
