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.
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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 :
MAC (Monitoring and Compliance) Doc Review team, review credit agreements and check if the documentation is complete or not, as per the condition precedence mentioned. If it is not complete individual refers cases to the Credit Officer to check & track the required documents from Agent bank or Attorney. In case of complete documentation, individual completes the review & updates the documentation in EDR. In case of incomplete documents, the individual cites for exceptions.
MAC Fulfilment team is engaged in setting up of new collaterals, modify & termination of existing collaterals on Loan IQ application.
Job Description
Individual should be SME of the syndicated process with proficiency to perform Inline QA as well. They should be able to take training session & plan new training strategies for new associates.
Individual should have experience of other process deliverables like KRI, KPI, RAQ, PG Review; dashboards, Migration changes etc.
Responsibilities
- Team Member will be responsible to contact Credit officer for missing/incomplete documents
- Search for appropriate Credit Approval Memorandums to process the request
- Liaison with credit officer & line of business for clarification
- Work allocation & queue management
- Escalation management
- Drive OPEX / Risk initiatives for the business and help identifying/closing projects
Requirements:
- Qualifications : \Graduate preferably B.COM/BBA
- Certifications If Any
- Experience : 0-1 Year
Foundational skills
- Good understanding of Direct, Syndicated and Part Bought Loans
- Analytical skills
- Good communication skills
- Proficient with Microsoft Office tools
- LIQ knowledge
Desired Skills : Flexible
Job Location
- Gurugram / GIFT and Hyderabad
Work Timings
- 247