Bank Of America Team Developer 

India, Telangana, Hyderabad 

809419289

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

Any Graduate with Commerce background or banking related

Experience Range –3to 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

Hyderabad & GIFT