Team Leader

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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

Sanctions Review team currently performs Sanctions Screening in FircoSoft system 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

Job Description*

Sanctions Review team performs reviews for all transactions in conjunction with GES and complete the review on FircoSoft application. Team, also performs Investigation for additional information requested by Global Economic Sanctions team

Responsibilities*

• Review the Global Economic Sanctions hits on Fircosoft for Asia Branches (Except India), EMEA Branches and US
• Investigate the transactions through open search; Bank of America customers to be looked on Interact; OWLS; Lexis Nexis; GESCM to be used to check on prior cases
• Escalate the close hits / potential hits to the next level (L2)
• Process the transactions from the OFAC queues within the currency cut offs/application deadline
• Work as per the Sanctions Queue allocation and raise any concerns
• Review and Monitor all currency cut offs across branches
• Comply with the KPIs and KRIs
• Report any escalations immediately and ensure timely resolution
• Must be fully conversant with Windows based IT systems, e.g., Word, Excel, PowerPoint, Outlook and Access

Requirements*

Education*

Graduate (B.Com)

Certifications If Any

Experience Range*- 3-8 years

Foundational skills*

• Experience In Sanctions Review process, Strong Payments knowledge (Swift),
• Good Communication Skills
• Quick adaptation to changing Regulatory and Sanctions Landscape

Desired skills

• Ability to conduct deep dive research, Preferred exposure to FircoSoft application

Work Timings*

• Sanctions Screening COE operates 24X7, Shift can be rotational including Night Shift
• Willingness to work on Weekends with a rotational week off. Weekly off-fixed / Split off

Job Location*: Hyderabad