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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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
This role is part of Enterprise Independent Testing - Global Banking. We are responsible for developing a consistent test for effective risk, management and reporting across Bank of America. EIT partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, EIT drives innovation, process improvement and automation. This position executes but not limited to tests supporting Global Banking - Commercial Lending
Job Description:
- Take complete accountability & ownership for transaction testing for commercial loans and recommend new controls / remediation plan based on the findings.
- Responsible for ensuring a product or service meets the established standards of quality.
- Ensure Audit Readiness - Ensure Test scripts and other governance documents are updated timely and accurately whenever there are any process changes in the business.
- Should be able to identify potential risk and gaps in the process and implement controls for mitigation.
Responsibilities:
- Ensure business KPIs are met.
- Identify ideas to generate efficiency in the process.
- Accountable for testing execution, reporting and analysis of results. This role may participate in test script development and test design.
- Accountable for accurate and timely test execution and/or support activities related to a Testing.
- Execution of test scripts, identifying and documenting defects and providing daily updates to test leads and managers as needed.
- Performing Sampling queries for assigned tests.
Requirements
Education : MBA
Experience : 4 to 7 yrs
Foundational skills:
- Strong understanding of lending products (Commercial loans) / Commercial lending
- Organized and able to multi-task in a fast-paced environment
- Self-starter, organized, versatile, capable of performing work independently with minimal direction.
- Ability to think independently, solve complex problems, and suggest solutions.
- In-depth knowledge of Loan cycle and lending products
- Strong written, verbal and delivery skills.
- Attention to Detail
- Good communications skills (Verbal and Written)
- Working knowledge of MS Office
Desired skills:
- Good understanding of Risk & Controls
Shift Timings: 11.30 AM to 8.30 PM
Location: Chennai