Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Process Overview

Sanctions Review team currently performs Sanctions Screening in Fircosoft systems 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 for sanctions review. This team reviews the alerts and release the False positive transactions and escalates possible alerts for further validation.

Job Description

Process the transactions from the Sanctions review queues within the currency cut offs and review the Global Economic Sanctions hits on Fircosoft. Investigate the transactions coming in to the queue for additional information required as per procedures.

Responsibilities

• Review the Global Economic Sanctions alerts on Fircosoft
• Escalate the close hits / potential hits to Advance Queues or Local Compliance
• Review and Monitor Sanctions queues across profiles
• Review and Monitor all currency cut offs across branches
• Report any escalations immediately and ensure timely resolution
• Prepare/Review EOD reports across branches and ensure appropriate monitoring of the same
• Report, monitor and escalate any cut off miss / OTD error and ensure timely resolution & control
• Identify and address knowledge gaps in the process across profiles
• Assist and adhere to any audit schedules applicable

Requirements

• Education : Commerce graduate
• Experience Range : 2-5 years
• Desired skills : Knowledge Sanctions/Payment/KYC/AML

Work Timings : Night shift (7:30 PM to 4:30 AM)

Job Location : Hyderabad