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Bank Of America Team Developer India, Telangana, Hyderabad 502175849
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Process Overview
Tax Reporting isa new interest bearing accounts and Certificates of Deposits (CDs) require a complete Form W-9 when the account is opened. The Form W-9 is the part of the signature card and is maintained on Image View. Tax Reporting receives Forms-W9’s from Reasonable Cause, B-Notice, Penalty Notice mailings and from banking centers for name or TIN changes to existing accounts.
Responsibilities
Calculating and processing interest adjustment for Checking, Savings Accounts.
Initiating & terminating backup withholding
Update/Validate Name, Address & TIN as per SOR on IRS reports for savings bond
Education -Any Graduate with Commerce background or banking related
Experience Range –3 to 5 Years
Foundational skills
Domain knowledge on US Tax
Good verbal and written communication skills
Knowledge on US Tax is mandatory
Knowledge of Money Laundering and it’s relation to Banking Operations will be an added advantage
Should be flexible working in different shifts as per the business requirement. Also be willing to do additional hours as and when required.
Desired skills
Preferred exposure in Financial / Banking domain.
Prior knowledge of US Banking industry an advantage
Ability to work on multiple applications
Eye for detail.
Able to work under pressure, in a high volume environment, to tight deadlines without accuracy & TAT being compromised
Work Timings -6:30 AM to 3:30 PM IST and 3:30 PM to 12:30 AM IST
GIFT City & Hyderabad
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