Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
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.
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Job Description:
Global Treasury, Merchant and Estate business is looking for dynamic and talented individuals to support the strategy in order to meet the growth demands from clients and client management groups in the product areas of Payments and Cross Border Remittances.
Responsibilities:
- Managing Branch Cross Border Remittances and Domestic Payments [electronic and Paper].
- Authorisation of transactions/accounting entries on GBS.
- Liaising with internal stakeholders such as Compliance /Product / Business team.
- Liaising with clients in handling of critical remittance transactions.
- Coordination with Audit teams in handling of queries/observations.
- Handling of RBI applications/letters and coordination with the regulator.
- Handling of Tax Payments on various Tax Portals.
- Knowledge of Cheque clearing & CMS activities would be an added advantage.
Skills:
- Graduate with knowledge of FEMA / RBI regulations and 10-15 years' experience.
- Similar experience in managing Cross border remittance [Non-Trade] and Domestic [electronic and Paper] payment operations.
- Coordinating with branches for internal and external audits for data requirements and responses on Cross Border Remittances.
- Coordination with branches on Remittances related initiatives / regulatory guidelines.
- Strong written and oral communication to ensure effectiveness while interaction with business, regulator, and auditors.
- Ability to manage volumes and multi-tasking with accuracy against stiff deadlines.