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74 Bank of America Jobs

Senior Team Member

1-6 years

₹ 3.3 - 8L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Hyderabad / Secunderabad

1 vacancy

Senior Team Member

Bank of America

posted 15hr ago

Job Role Insights

Flexible timing

Job Description

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

Currency Reporting unit is responsible for filing of Currency Transaction Report & Designation of Exempt Person along with saving Monetary Instrument logs. CRU is involved in monitoring of cash activity and perform customer due diligence to fulfil Bank Secrecy Act requirements. Currency Reporting Unit performs following functions:

CTR Large Currency Reporting - Files Currency Transaction Report to comply with Bank Secrecy Act which requires every financial institution to report all cash transactions greater than $10,000.00 to FinCEN. This may be single or aggregated transactions that occur on the same business day for the same individual/ business. Such transactions include, but are not limited to, deposits, withdrawals, purchases of negotiable instruments, wire transfers (funded by cash), currency exchanges, loan proceeds.

Monetary Instrument Sales - Reviews & files Monetary Instrument Purchase Logs for customers who perform cash purchase of Monetary Instruments between $3,000 and $10,000.

Job Description

Research & validate the reporting status of the transaction received through OneSumX application every day

Resolve any missing/incomplete information on the transaction required to be filed with the regulator

Update transaction details along with customer information on the OneSumX application as per procedures

Financial Center outreach to source missing/incomplete information along with issuing errors to the Tellers

Status the transaction as per procedure

Responsibilities

Identify, research and status records captured by the system

Request CTR/MIPL information as necessary from banking centres

Mark Error to Financial Centres for incomplete/missing CTR information

Status transactions captured by the system and records input by banking center associates

Report potential suspicious activity when it is discovered

Requirements:

Education

Commerce Graduates (preferably Hons.)/ Finance Graduates

Certifications If Any

AML related

Experience Range

1 to 6 Years (External)

Foundational skills

  • Communication Skills - Written & Verbal
  • BSA knowledge relative to AML
  • Knowledge of AML/KYC
  • Knowledge of Banking domain
  • Strong attention to detail

Desired skills

  • Attention to details
  • Computer literate and have intermediate knowledge of Excel
  • Team Player
  • Willing to work on rotational shifts

Work Timings

12:30 - 21:30 (Mon to Fri)

Job Location

Hyderabad


Employment Type: Full Time, Permanent

Read full job description

Bank of America Interview Questions & Tips

Prepare for Bank of America Senior Team Member roles with real interview advice

Top Bank of America Senior Team Member Interview Questions

Q1. Beautiful String Problem Statement Given a binary string STR containing either '0' or '1', determine the minimum number of operations neede ... read more
Q2. Reverse Linked List Problem Statement Given a singly linked list of integers, return the head of the reversed linked list. Example: Initial ... read more
Q3. Multiples of 2 and 3 Problem Statement Ninja is engaged in a task involving divisors. He is given 'N' numbers, and his objective is to comp ... read more
View all 118 questions

What people at Bank of America are saying

4.5
 Rating based on 192 Senior Team Member reviews

Likes

Since the Bank is very strong in its business employees never fear their job security.

  • Skill development - Good
  • +4 more
Dislikes

Salary doesn’t fit for the standard survival for the people coming from other states as the major part of it is spent on rent, food and other expenditures.

Read 192 Senior Team Member reviews

Senior Team Member salary at Bank of America

reported by 944 employees with 1-7 years exp.
₹2.2 L/yr - ₹8 L/yr
15% less than the average Senior Team Member Salary in India
View more details

What Bank of America employees are saying about work life

based on 3k employees
65%
87%
81%
77%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Bank of America Benefits

Free Transport
Cafeteria
Health Insurance
Gymnasium
Soft Skill Training
Job Training +6 more
View more benefits

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