Bank Of America Team Developer 

India, Telangana, Hyderabad 

356750680

Job Description*

• Perform accurate indepth research to resolve potential matches utilizing approved internal and external systems/tool where applicable.
• Apply explanation for the decision to approve, state the source in which the research is conducted, and the appropriate reason code if the potential match is concluded that the is a false-positive.
• Incase additional information is required, procure additional information from clients / external banks to ensure right decision is taken.
• Interprets and applies sanctions regulations based on the scenario.
• Engages MLRO’s and Subject Matter Experts (SME’S) as appropriate.
• Actively get involved in the Projects / Business Priorities of the year and deliver the same as per roles and responsibilities assigned with full ownership and accountability.
• Bring in Process improvements to simplify and standardize process flow, reduce NVA steps, demand reduction ideas, improving CTQ performance etc. which should give significant benefit for the process in terms of efficiency and time saves.
• Escalate issues to the Leadership team as they arise – any potential losses and escalations.
• Must be fully conversant with Windows based IT systems, e.g., Word, Excel, PowerPoint, Outlook and Access

Responsibilities*

• Review and monitor all alerts stopping for compliance review in Sanctions screening tool.
• Escalate the close hits / potential hits to the next level – Advanced Escalations.
• Understand the different products, alerts are arising from to make a well-informed decision on prioritizing the work.
• Comply with the KPIs and KRIs.
• Work as per the queue allocation.
• Raise any gaps identified in the system or procedures.
• Be ready to take and deliver on adhoc responsibilities that may arise in the business.

Requirements*

• Experience & Knowledge of economic sanctions program requirements and disposition of sanctions alerts.
• Demonstrates good understanding of economic compliance requirements.
• End to End (Technology and process) knowledge on Sanctions Review
• Ability to multitask, prioritizing urgent items & deliver on time.
• Ready to stretch when required.
• Willingness and able to own tasks to completion.
• Flexible and adaptable to changing demands and shift timings.
• Understanding of Payments flows
• Good on Microsoft Office applications.
• Good Communication skills (Written/Oral)

Education*B.com or MBA

CertificationsIf Any in Payments / Compliance /AML/ Sanctions related certifications

Experience Range* –Minimum 7 years overall experience and minimum of (3-5 years relevant experience)

Foundational skills*Domain knowledge on Sanctions/Payments/AML/KYC/CDD/Transactional Monitoring /Screening.

Work Timings*Rotational

Hyderabad