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64 Bank of America Jobs
Team Leader
4-6 years
₹ 4.8 - 15.25L/yr (AmbitionBox estimate)
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.
Mumbai, Gurgaon / Gurugram
1 vacancy
Team Leader
Bank of America
posted 27d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
:
The Global Banking and Global Markets Anti-Money Laundering (GB and GM AML) Perform In Line Quality Assurance (ILQA) process is a separate control function that conducts quality review checks on the global refresh entities submitted by the Client Refresh Operations Team. The review process is initiated when the Refresh Operations Analyst updates the case within the system of record and submits for ILQA review. Testing is conducted within 5 business days, ILQA analyzes the accuracy of the data within the GCI against the applicable procedural and jurisdictional requirements. Notifications are sent to the refresh operations analysts regarding all ILQA dispositions, cases with identified defects are communicated to the Refresh Operations Team and collaboration meetings are conducted to support remediation efforts which should occur within the established SLA. The In Line Quality Assurance process ends after a final review is conducted to ensure that all identified defects have been accurately remediated within the system of record.
Job Description :
The GB and GM AML ILQA performs Inline QA to ensure adherence to the Customer Identification program/ Client due diligence standards and thereby identify associate coaching, training and procedure needs.
Responsibilities :
Perform Quality review at the various stages of the Customer Identification program/ Client due diligence on the KYC data and information collected on Global banking and market clients in accordance to the applicable procedures, standards and Laws, rules and regulations.
Share feedback to the KYC ops on the defects identified and get them remediated.
Must be able use knowledge about the Due Diligence Tools to aid in the quality review
Handle various internal, third party, statutory audits with regard to the KYC standards for Global banking and market clients.
Manage agreed SLAs and accuracy
MIS / Data analysis
Coordinate communications with partners providing comprehensive, clear and concise factual information to collaborate in QA process.
Attention to detail and accuracy is absolutely critical as quality of research documentation and resulting findings is critical to the integrity of the risk mitigation process.
Evaluate information and make judgments about the value and relevancy of information, drawing conclusions from data gathered as part of investigation and review process to aid the line of business in critical decision making process
Requirements :
Education : Graduate
Certifications If Any : AML Certification desired
Experience Range : 4 - 6 years
Foundational Skills :
- Knowledge on AML KYC basics of Client due diligence
- Knowledge on Banking markets
- Basic Understanding of Enhanced due diligence
- Strong Communication Skills
- Good Email Writing Skills
Desired Skills :
- Familiarity with Global Banking and market products an advantage Knowledgeable of regulatory environment, risk framework, policies standards.
- Self-motivated and analytical
- To ensure consistent delivery on Business metrics along with other new responsibilities and setting higher standards of self and Team performance
- Involve in day to day operations and ensure delivery on SLA/CTQs
- Ability to exploit opportunities and to improve the end to end process
- Highly efficient with the ability to juggle multiple high priority activities concurrently
Work Timings : 12:30 PM - 9:30 PM (depending on the geography supported)
Location : Gurugram Mumbai
Employment Type: Full Time, Permanent
Read full job descriptionBank of America Interview Questions & Tips
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Top Bank of America Team Lead Interview Questions
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What people at Bank of America are saying
Rating based on 261 Team Lead
reviews
Anonymous · Procurement & Supply Chain
in Gurgaon / Gurugram
Likes
The company is great, work culture, employee benefits, internal opportunities are great.
- Salary - Excellent
+5 more
Dislikes
Promotions and appraisal are bit slow and low, depending upon the job profile and performance
Team Lead salary at Bank of America
reported by
2.3k
employees
₹5.7
L/yr - ₹16
L/yr
21%
more
than the average Team Lead Salary in India
View more details
What Bank of America employees are saying about work life
based on 3k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Bank of America Benefits
View more benefits
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