Team Developer Hyderabad, India **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 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.