Bank of America Merrill Lynch Careers – Team Developer

Website Bank of America

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


Job Responsibilities:

  • Monitor the group mailbox
  • Investigate the transactions which are rejected for any possible OFAC Sanctions reasons
  • Be a subject matter expert and train the new joiners in the team
  • Review the Global Economic Sanctions hits on Fircosoft for printed checks (DPS files)
  • Escalate the close hits / potential hits to GES or Local Compliance
  • Prepare/Review EOD reports across branches and ensure appropriate monitoring of the same
  • Prepare monthly process dashboards as per schedule
  • Report, monitor and escalate any cut off miss / OTD error and ensure timely resolution & control
  • In case of any error on releasing the transaction, take all measures to inform GES proactively
  • In case of any error on releasing the transaction, seek help from the branch / Operation teams to recall the funds such that the funds do not reach the beneficiary / beneficiary bank
  • Identify and address knowledge gaps in the process across profiles
  • Assist and adhere to any audit schedules applicableProcess the transactions from the OFAC queues within the currency cut offs
  • Review and Monitor Sanctions Queues across profiles
  • Review and Monitor all currency cut offs across branches
  • Report any escalations immediately and ensure timely resolution

Job Requirements:

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

Qualification & Experience:

  • Experience In Sanctions Review process, Strong Payments knowledge (Swift)

Job Details:

Company: Bank of America

Vacancy Type:  Full Time

Job Location: Madurai, Tamil Nadu, IN

Application Deadline: N/A

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