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74 Bank of America Jobs

Team Developer

4-6 years

₹ 3.4 - 10L/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

Team Developer

Bank of America

posted 14hr ago

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
AML On-boarding function delivers support for Global Banking and Markets business with End-to-End AML/KYC On-boarding process. The team is responsible for adherence to client regulatory requirements as part of the Onboarding process. This includes Anti-Money Laundering (AML) Client Reference Screening, Know Your Client (KYC) and other critical non-AML/KYC regulations such as MIFID, QIB, QFC, Dodd Frank, EMIR, HKPI, etc. Additionally, the team works on cross-functional project to support ongoing change process and new regulations.

Responsibilities:

  • Strong written and oral communication skills
  • Hands on understanding of AML On-boarding process
  • Complete AML On-boarding assigned activities and adhere to quality standards and timelines
  • Ability to multi-task and manage multiple cases in a fast-paced deadline driven environment.
  • Drive process improvement initiatives aimed to improve client experience
  • Ensuring that the business is compliant with all Bank policies and local legal requirements globally
  • Ensuring that documentation requirements are met and perform Anti-Money Laundering checks on existing clients. This includes independent verification of information supplied by using external research via publicly approved sources.
  • Review completed documentation from client and sign off in compliance with local AML regulations
  • Following up on all outstanding issues/escalations.
  • Provisioning of guidance, advice and training to other teams with the business on an ad-hoc basis
  • Liaising with business partners in Global Finance Crimes Compliance, Onboarding, Sales and Local Compliance Officer in Europe
  • Maintain a current understanding of global issues, risk and events that could affect client risk level. Ensure all requirements are adhered too.
  • Provide on-the-ground expertise on Client Due Diligence requirements (global jurisdictions) as well as Quality Assurance Process. Day to day ongoing coaching deliver and Review QA/QC results from Quality Control team and address training deficiencies
  • Timely escalation and follow up of aged cases to provide visibility to Leadership.
  • Build relationships with AML Investigations units and effectively communicate and transfer information for case investigation
  • Ensure the highest standard of quality is adhered too and drive process efficiency opportunities.

Requirements

Education : Graduate and Preferable MBA

Certifications : Preferably ACAMS Certification

Experience Range : 4 - 6 Years of relevant experience in AML/KYC/CDD or related function.

Hands on understanding of AML / KYC business

Foundational skills:

  • Understanding of Global Markets; Capital Markets
  • Understanding of AML Regulations & Requirements
  • Understanding of basic AML & Due Diligence terminologies - OFAC; SPF/PEP, Negative News, FATF etc.

Desired skills

  • Knowledge of AML/CTF and Sanctions is essential. Must be working in a similar role within the Banking and Capital Markets Industry
  • Knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPV s, Complex Structures, SPF/PEP, Negative News, etc.
  • Familiarity with Global Banking and market products and knowledgeable of regulatory environment, risk framework, policies & standards.

Work Timings: Candidates need to be flexible for shift per business requirement.

Work Location: Hyderabad


Employment Type: Full Time, Permanent

Read full job description

Bank of America Interview Questions & Tips

Prepare for Bank of America Team Developer roles with real interview advice

Top Bank of America Team Developer 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

4.3
 Rating based on 262 Team Developer reviews

Likes

Work culture is too good

  • Salary - Excellent
  • +6 more
Dislikes

Nothing specific

Read 262 Team Developer reviews

Team Developer salary at Bank of America

reported by 1.9k employees with 3-12 years exp.
₹2.4 L/yr - ₹11 L/yr
At par with the average Team Developer 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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