Job Description:

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. 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 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*

Global Wholesale Banking Operations comprises operations for Commercial and Corporate banking clients. These operations support the business across US, Asia Pacific, & EMEA regions. GBO functions include implementation and servicing of credit, depository and treasury products; processing of payments and processing of trade finance transactions.

Job Description*

Collateral Release function deals with releasing of collateral securing a commercial loan when the loan account is closed. When a commercial loan is being paid off, team performs due diligence to verify closure of loan. Then team contacts Credit Officer for Collateral Release approval. Once the required approval is obtained, we release the Collateral by terminating Bank’s lien and perform required LIQ maintenance and save relevant documents for future reference.

Responsibilities*

• Responsible to carry out appropriate due diligence for each task
• Responsible to ensure that the tasks are completed within the given SLAs
• Meeting all the applicable business goals
• Interact with LOB partners
• Be a key contributor to business initiatives that require subject matter expertise
• Identify potential areas for process improvements & highlight the same to process Manager

• Issues, Risks and Control Enhancements

Requirements*

Education*

Graduation (B.Com preferred)

Certifications If Any

Experience Range*

3-5 Years

Foundational skills*

• Good understanding on Loan IQ application
• Should have good understanding on Collateral & Uniform Commercial Code
• Ability to understand Loan Documents e.g. CAM / Loan Agreement/ Security agreement

• Excellent time management skills
• Should have good oral/written communication skills, banking knowledge
• Adherence to SLAs, Organized and able to multi-task in a fast-paced environment
• Excellent interpersonal skills; positive attitude; team player; flexible
• Willingness to learn and adapt to changes
• Ability to work independently and self-manage

Desired skills

• Business Lending knowledge and eye for detail
• Ability to identify, escalate and document Risk issues
• Ability to drive and execute resolution/ implement controls

Work Timings*

11:30 AM to 20:30 PM IST (Shift Window)

Job Location*

Gurugram