Global Banking Operations Summer Analyst - 2024 - Jakarta

What we’re looking for:

• Being comfortable with change and adjust to changing demands and requirements
• Penultimate year Undergraduate/Master’s student with outstanding academic achievement
• Effective verbal and written communication
• Ability to demonstrate initiative and creative thinking
• Demonstrate energy and drive
• Strong team player and client focused
• Strong quantitative and analytical skills

Why Us?

Global Banking Operations (GBO) is responsible for the end-to-end implementation, servicing, and operations of all treasury, depository solutions and trade finance for business banking, commercial and corporate banking clients globally, and for treasury and trade finance operations in 12 countries in Asia Pacific. GBO consists of 2 teams:

Operations

The Operations team is responsible for the combined operations functions for treasury, credit, and services for commercial and corporate banking clients globally. Key responsibilities include settlement and clearing transactions, processing of Payments, Credit and Trade transactions, and book keeping of loan assets and deposits.

Fulfillment, Document Management & Service

Client Fulfillment team manages new client on boarding for Global Transaction Services a core business for Bank of America’s global franchise. Key responsibilities include project management, product set up testing and client training.

Document Management Specialist walks the client through on the documentation process, collection, review and account opening setup. The team is also responsible to coordinate with the KYC AML and Operation team on the backend system readiness.

Client Service team is responsible for supporting on-boarded clients in their day to day business needs, including transaction support, general and technical query support. The team supports over 5.5 million enquiries annually in addition to proactive outreach to clients to improve the banking experience in 12 countries in Asia Pacific.

What you’ll do:

Operations

• Understand local regulatory environment and support various ad-hoc regulatory requirements and inspections
• Ensure all transactions are processed as quickly and accurately as possible, in accordance to the company’s internal policies and local regulations
• Manage operational risk to maximize operational control effectiveness and profitability, while minimizing risk. Proactively identify, debate, address and escalate any deviations / issues on immediate basis
• Work closely with business partners on complex transactions by providing professional operational solutions to achieve client satisfaction
• Drive change initiatives for process optimization and system enhancement, as well as technical and operations changes
• Ensure that the company delivers services and execution that meet market-leading standards

Fulfillment, Document Management & Service

• Analyze monthly client enquiry statistics to identify trends and recurring issues
• Provide consistent service and keep clients informed on status of all outstanding enquiries
• Market Transaction Services initiatives, successes and strengths to new/existing clients
• Liaise with local/overseas bank’s Business Partner’s and Preferred Banking Partner’s at all levels
• Engage in process improvement initiatives to enhance client experience
• Log, investigate and resolve all enquiries in a timely/accurate manner in accordance with Service Levels
• Actively participate in client planning and RFP processes
• Proactively manage the day to day servicing enquiries of all assigned clients
• Manage new and existing account opening onboarding
• Constantly look for avenues of improvement- people, process, controls, customer service and strategic cost management initiatives

Program Overview
The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer program begins with an orientation and induction to the firm. Summer Analysts are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.

• Networking and social opportunities
• Consideration for full-time employment upon graduation
• Structured and on-the-job training
• Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
• Corporate Social Responsibility project/learning
• Speaker series with senior management across all lines of business
• Involvement in Diversity and Inclusion training/events

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!
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.