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.
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*
Collateral Booking function handles the stage of Life of Loan from booking to input of collateral securing that loan.
Job Description*
Collateral Booking function handles the stage of Life of Loan from booking to input of collateral securing that loan. The loan package is received from Financial Booking team, collateral is booked, and exception information is noted on the System of Record for informational, reporting and tracking purposes. Accurate input is critical to assessing risk levels of the loan portfolio.
Responsibilities*
- Ensure that the transactions are processed as per procedures and accurately
- Responsible to ensure that tasks are completed within the defined SLAs
- Meeting all the applicable KPIs for the business
Requirements*
- : Graduation (B. Com preferred); Certification if any
Education*
Certifications If Any
Experience Range*
0-2 years
Foundational skills*
- Understanding on Collateral & Uniform Commercial Code
- Ability to understand Loan Documents e.g. CAM / Loan Agreement/ Security agreement
- Good communication skills
- Excellent time management skills
- Adherence to SLA’s – Turn-around-time and Accuracy
- Excellent interpersonal skills; positive attitude; team player; flexible
- Willingness to learn and adapt to changes
- Ability to work independently and self-manage
- Proficient with MS Office tools
Desired skills
Collateral Knowledge
Work Timings*
11:30 – 23:30
Job Location*
Gandhinagar (GIFT CITY)