Job Description:
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. Were 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
Global Payment Operations at Global Business Services covers end to end of Payments including Processing, Sanctions Screening, Investigations, Liquidity management and Monitoring. The team supports all the regions globally (US, EMEA, APAC, LATAM and Canada), and is based out of Hyderabad and Gurugram
Job Description
FX Return Investigations identifies researches and resolves any return arising post settlement of FX Trades and incoming and outgoing payments related to FX products.
- Investigations and resolution of swift messages related to Foreign Exchange Return Transactio
Responsibilities
Perform Investigation of incoming and outgoing swift messages.
- Ensure all e-mails are actioned and cleared by EOD.
- Clearly understand the Case input process & expertise in opening/closing of cases
- Follow up with banks/depts to ensure timely action and closure of case
- Ensure to clear the Return Cases within the SLA.
- Ensure all payment/swift message queues are cleared at EOD.
- Follow up with banks/internal teams to ensure timely action and closure of case.
- Escalation/prioritization of aged/high value cases.
- Understanding the best practices which minimizes risk & time.
- Ensure all payment/swift message queues are cleared at EOD .
- Processing swifts/payments with 100% accuracy without incurring loss to the bank
- Re-effect the payments based on instructions received.
Requirements
- Education : B.Com / MBA
- Certifications If any : Any certifications in market related areas
- Experience Range 2-3 yrs
Foundational skills:
Swift MT103, MT202, MT199 and FX currency rules
Willingness to work in Night Shifts
Desired skills:
FX Background preferred
Work Timings: 6.30 PM to 3.30 AM
Job Location: Hyderabad
