Team Developer

About Us Bank of America is driven by a common purpose to enhance financial lives through the power of connections. Our commitment to Responsible Growth shapes every aspect of our operations, ensuring we consistently deliver value to our clients, teammates, communities, and shareholders. Central to our success is our dedication to fostering a diverse and inclusive workplace where every individual feels valued. We embrace talent from various backgrounds and invest significantly in our employees and their families by providing competitive benefits that promote physical, emotional, and financial well-being. At Bank of America, collaboration and flexibility are paramount. We prioritize teamwork and offer adaptable work arrangements tailored to the diverse roles within our organization. Joining Bank of America promises a fulfilling career with ample opportunities for learning, growth, and meaningful contributions that make a difference on a global scale. Global Business Services Bank of America's Global Business Services unit provides essential Technology and Operations support to the Bank's Lines of Business and Staff Support Functions worldwide. Our globally integrated delivery model ensures seamless operations and resilience on a global scale. We are renowned for our flawless execution, robust risk management, operational resiliency, operational excellence, and a culture of innovation. In India, Bank of America operates in five locations through BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation responsible for the Indian operations of Global Business Services. Process Overview Tax Reporting is a critical function involving interest-bearing accounts and Certificates of Deposits (CDs) that necessitate a complete Form W-9 during the account opening process. The Form W-9, an integral part of the signature card, is stored on Image View. The Tax Reporting team receives Forms-W9s for various purposes, including Reasonable Cause, B-Notice, Penalty Notice mailings, and updates from banking centers for account name or TIN changes. Responsibilities - Calculate and process interest adjustments for Checking and Savings Accounts. - Ensure accuracy of the Customer's TIN on the form. - Manage initiation and termination of backup withholding. - Update and validate Name, Address, and TIN as per SOR on IRS reports for savings bond. Requirements - Education: Any Graduate with a Commerce background or related to banking. - Certifications: None required. - Experience: 3 to 5 years. Foundational Skills - Strong domain knowledge of US Tax regulations. - Excellent verbal and written communication abilities. - Mandatory knowledge of US Tax laws. - Understanding of Money Laundering and its implications on Banking Operations is advantageous. - Flexibility to work in varying shifts as per business needs, and readiness to work additional hours when necessary. Desired Skills - Preferably experienced in the Financial/Banking sector. - Prior exposure to the US Banking industry is a plus. - Proficient in handling multiple applications. - Detail-oriented with a keen eye for accuracy. - Effective communicator with strong interpersonal skills for collaboration within the team and Line of Business. - Capable of working efficiently under pressure in a high-volume environment, meeting tight deadlines without compromising accuracy and TAT. - Team player with a collaborative mindset. Work Timings: 6:30 AM to 3:30 PM IST and 3:30 PM to 12:30 AM IST Job Location: GIFT City & Hyderabad,