Bank of America Careers, Bank of America Is Hiring For Position Of Team Member For Location Of Gandhinagar, India. Here you are given complete information about the Bank of America Careers. Must read the complete article to derive all the relevant information.

Bank of America Careers Overview

Company Name Bank of America
Post Name Team Member
Job Function Fraud Detection
Job Type Full Time
Location Gandhinagar, India
Experience 0-2 years
Job Category Private Jobs
Salary 4 LPA (Expected)
Official Website bankofamerica.com
Bank of America Careers

About Bank of America

Bank of America Careers

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.

One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered in San Francisco, California, Giannini acquired Banca d’America e d’Italia (Bank of America and Italy) in 1922.

The passage of landmark federal banking legislation facilitated a rapid growth in the 1950s, quickly establishing a prominent market share. After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for US$62 billion.

Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively (since renamed BofA Securities).

Bank of America Careers
Bank of America Careers

The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.

It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second-largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

Job Description

Fraud Prevention & Detection includes various sub-processes that involve in reducing loss exposure by reviewing events that are determined to be fraudulent to the Bank or our customers. The process begins with the receipt of an alert triggered by a fraud strategy. Fraud analyst perform reviews of events that are alerted into queues based on rules created by our Strategies partners.

The incumbent will take appropriate action based on transaction and other customer/account activity, and document the findings for subsequent efforts to contact the customer and resolve the fraud concern. Process ends when the event is either confirmed valid or confirmed fraud and remediation steps are completed.

DFD The analysts make complex decisions based on research, extensive job experience, judgment, following established procedures and guidelines and utilizing multiple systems and tools. Review debits and validate credits to checking and savings accounts.

This is to ensure no fraud is being committed. Deposit Detection reviews the entire relationship, call maker bank for fund availability if required to make sure our customers are not victims of fraudulent activity. If fraud is detected we take all necessary precautions to stop the activity while avoiding impact to our customers.

Responsibilities – Bank of America Careers

  • The primary responsibility is to review potential fraud alert which is out sorted by fraud filters to protect our customers from fraud while also protecting the bank’s assets.
  • The fraud analyst would require to document the research conducted to support the decision taken on alert.
  • The associate will be expected to complete a targeted number of decisions per hour, as well as be measured on decision accuracy.
  • This position requires achievement of productivity and fraud prevention goals, while ensuring compliance with policies and procedures as well as applicable regulatory requirements.

Requirements – Bank of America Careers

  • University Degree (preferably B. Com).
  • 0-2 years of total experience in financial or other industry.
  • Basic knowledge of bank’s products and services.
  • Basic knowledge of fraud detection.
  • Decent Communication skills both verbal or written.
  • Working knowledge of MS Office with good keyboard/typing skills, and ability to navigate multiple system applications.
  • Computer literate with typing speed of 30-40 WPM with 98% Accuracy.
  • Strong analytical skills.

Work Timings

  • Shift Timings : 6: 30 AM to 3:30 PM & 10:30AM to 7:30PM
  • Weekly Off : Split off

How To Apply Bank of America Careers ?

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Bank of America Careers