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. 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:

Enterprise Control Function Testing: Performs independent testing against applicable Laws, Rules and Regulations and Internal policies & procedures across various enterprise functions (GT&O and Non GT&O).

Job Description: The job function is to perform compliance testing using various data sources to support multiple reviews for different lines of businesses. To provide independent evaluation of compliance with Regulatory-focused policies and procedures. Testing is executed across lines of businesses impacted by key laws/regulations. Individual will be responsible for delivering consistent processes, procedures and oversight supporting testing leaders, FLU, and Control Function partners and strategic planning and operational excellence across Enterprise Independent Testing.

Responsibilities:

• Conduct quality independent transactional and process testing according to documented test script
• Testing includes activities such as manual, automated, surveillance and transaction level testing
• Accountable for monitoring quality test execution, reversal/rebuttals, reporting and resolving issues escalated by LOB/testers, and monitoring the completion of all tests as scheduled
• Execute, organize, and prioritize testing in a timely manner ensuring monthly deliverables are achieved while maintaining target accuracy ratios.
• Enter test results and findings in designated testing database.
• Adhere to documented SLAs, Shift schedules and maintain on-time delivery of services.
• Adhere to the productivity & accuracy target on cross trained functions.
• Provide feedback on test scripts when issues are identified that require additional clarity.
• Ability to handle and spearhead multiple workstreams

Requirements*

Education*

Graduate/ Post Graduate in any stream

Certifications If Any:  CAMS(Certified Anti-Money Laundering Specialist), CIA, CPA, CFE or other similar certification

Experience Range*

 4-7 years’ experience in Global Financial Crimes / AML

Foundational skills:

• Knowledge of AML, bank secrecy act, GFC related Laws, Rules & Regulations & testing related applications
• Experience in Global Financial Crimes, Anti-Money Laundering, Fraud testing, KYC, Sanctions, Transaction Monitoring etc.
• Audit, Testing, Compliance, Risk, or QA experience
• Excellent verbal and written communication skills and effective interpersonal skills; should be confident while Managing relationship with Business/Onshore partners
• Good inter-personal skills, positive attitude, team-player.
• Willingness to learn and adapt to changes

Desired skills:

• Preferred coding experience (i.e. SQL/ Python)
• Experience of Operational Risk and Compliance testing
• Ability to contribute additional value through process/business improvement ideas.
• Strong documentation skills

Work Timings:

12:30 PM – 09:30 PM IST (may vary as per requirement)

Job Location:  

Hyderabad