Job Information
Bank of America Senior Team Member in Hyderabad, India
Senior Team Member
Hyderabad, India
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Senior-Team-Member_26012790)
Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Senior-Team-Member_26012790)
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Senior-Team-Member_26012790)
Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Senior-Team-Member_26012790)
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*
Global Commercial Real Estate group deals with the Commercial mortgage backed securities & Asset Backed Securities. Commercial Mortgage Backed Securities (CMBS) are securities backed primarily by the cash flows of a mortgage or pool of mortgages on commercial real estate. The fundamental purpose of CMBS is to link sources of capital to users of capital – creating a vehicle that the investors involved in the fixed income capital markets can use to lend money to the real estate owners. Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.
Job Description*
The team supports the Line of business on different activities covering various aspects of Origination & Underwriting of Commercial Mortgage Loan. Here is a brief about few of the activities. The associate will be supporting anyone or group of activities based on business requirement.
• Underwriting - As a Lender, Bank of America does a thorough underwriting of the underlying mortgage before funding a loan by considering different aspects such as Financial Performance, Loan to Value, Credit Worthiness, Property Condition, Occupants, Market, Location and accessibility. The BA Continuum supports the US underwriting team with the following activities.
Appraisal Report
Property Condition Report
Seismic Report
Lease Review
Rent Roll Analysis
• Quality Control - As a Lender, Bank of America needs to ensure that the Quality of the information is error free in the banks relevant databases. The BA Continuum Solutions reviews the loan at funding stage of a deal to ensure that we have accurate information available with us. The team does a due diligence and reports the discrepancies if any as this would have an impact while closing the deal. Team also supports the Originators by performing Loan Sizing with the available borrower package.
• Asset Backed Securities - Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.
Responsibilities*
Review and update Third Party Reports & Rent Roll in Backshop
Review Lease Agreements and complete the Lease Reviews
Complete the Quality Check of loans during funding stage of loan cycle
Sizing of Loans with the available Borrower Package
Support on the credit monitoring of ABS deals through portfolio statistics
Work on monthly reporting activities for ABS portfolio
Requirements*
Education*
Commerce Graduate (B.Com /M.Com/MBA)
Certifications If Any
NA
Experience Range*
3 to 4 years
Foundational skills*
• Knowledge of Commercial Mortgages & Asset Backed Securities
• Knowledge of General Accounting & Principles
• Knowledge of Financial and Capital Markets
• Excellent Oral & Written Communication Skills
Desired skills
• Ability to work well under pressure
• Excellent problem solving & analytical skills
• Highly motivated individual with a diverse background in financial analysis
Work Timings*
09:30 AM to 06:30 PM IST
Job Location*
Hyderabad
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.