Sr. Ops Analyst - Escrow Management Service - Escrow Operations

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description: This job is responsible for analyzing the day-to-day issues, researching, and providing resolution for various issues identified within a business unit. Key responsibilities include building new procedures, completing complex non-routine analytics, creating reports, and reviewing exception testing and processing. Job expectations include supporting continuous improvement of processes by identifying trends and understanding the operations environment.

LOB Job Description & Responsibilities: The Senior Operations Analyst will be responsible for processing and validating work supporting the Escrow Management Service (EMS) client sub-account reporting product. The candidate will assist both Escrow Ops Support and Escrow Processing activities using the bank's EMR Mainframe Application and multiple other bank systems. Within Escrow Ops Support, the candidate will serve as the first point of contact for inquiries from clients and internal business partners via email or phone channels and will be responsible for reviewing, analyzing, and determining the appropriate handling and resolution of incoming inquiries. Candidate will conduct simple to complex research and provide timely, accurate responses to inquiries utilizing various bank systems and applications to support client requests. Escrow Processing activities will require the candidate to be responsible for data entry into the bank's EMR Mainframe Application for accurately processing and verifying sub-account set ups, maintenance, sub-account disbursements and research activities for the EMS service. Risk and compliance responsibilities include 1099-INT and 1042-S reporting related to IRS Forms W-9 and W-8 and application of OFAC requirements related to the identification and maintenance of non-customer records. The candidate must maintain a high level of accuracy, attention to detail, and adherence to established operational controls. Other responsibilities include assisting with procedural reviews and internal audits. The candidate must actively support a team environment and quickly shift priorities while focusing on customer needs and simultaneously managing multiple demands to meet productivity and service-level expectations. The candidate should be able to work quickly without sacrificing quality and demonstrate the ability to build effective relationships with business partners and clients. The candidate must demonstrate strong analytical, problem-solving, and decision-making skills. Incumbents should possess a strong working knowledge of operational processes gained through experience in a banking, financial services, or an operations environment and supplemented by on-the-job training.

Required Qualifications:

Other Qualification s:

Shift: 1st shift (United States of America)

Hours Per Week: 40