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 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.
Process Overview.
KYC team ensures an environment where particular client is complying with the CDD (Client Due Diligence)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
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 in accordance with AML policies.
This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.
Responsibilities.
Use Customer Identification Program (CIP)-Customer Due Diligence CDD procedures, existing and newly self-sourced documents and data in the system of record (SOR), to perform Document Gap Analysis (DGA) to identify all documents/requirements needed to Refresh client
Update the requirement with results of DGA and capture outstanding information / documents required from client owner or client
Co ordinate with Client Outreach Specialist (COS), client owner or client owner delegate
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.
Process Overview.
KYC team ensures an environment where particular client is complying with the CDD (Client Due Diligence)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
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 in accordance with AML policies.
This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.
Responsibilities.
Use Customer Identification Program (CIP)-Customer Due Diligence CDD procedures, existing and newly self-sourced documents and data in the system of record (SOR), to perform Document Gap Analysis (DGA) to identify all documents/requirements needed to Refresh client
Update the requirement with results of DGA and capture outstanding information / documents required from client owner or client
Co ordinate with Client Outreach Specialist (COS), client owner or client owner delegate
💡 Quick Summary
Seeking a career-building opportunity? The Team Leader position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.