Assistant Manager - Retail Banking Training
- Genpact India
- 0 to 3 Yrs
- Jaipur
- 5 years ago
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Job Description
*With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world s biggest brands and we have fun doing it. Now, we re calling all you rule-breakers and risk-takers who see the world differently, and are bold enough to reinvent it. Come, transform with us.
Are you the one we are looking for
Inviting applications for the role of AM, Retail BankingWe re looking for someone with strong work ethic, and the ability to work well both independently and within the context of a larger collaborative environment.
Self-starting, intellectually curious and creative individual comfortable operating in a fast-paced, dynamic environment
ResponsibilitiesIn this role you will be handling the backend operations of Retirement Portfolio of one of the largest Retail US Bank.
- Will be required to perform KYC/ Anti Money Laundering (AML) on the New and Existing IRA accounts. Processing of financial transactions Contributions, Distributions and Change of Investment in IRA accounts and to handle the Account Maintenance activities. To perform investigations on Client disputes and perform tax reporting as per Internal Revenue Service (IRS) guidelines
- Account opening of IRA s, processing documents or forms: Traditional, Roth, Rollover, SEP and Keogh Plans
- Distribution of retirement funds via check or in checking account, includes Tax withholding, Transfer of retirement funds to different institutions and trusts. Contribution of funds into new or existing IRA Change of investment options within IRA accounts moving or taking funds from different institutions (Rollovers and Incoming Transfer).Maintaining client records in IRA account: adding Beneficiaries/Update address, email, telephone number, SSN etc. Sending documents/account statements/forms and confirmation letters to AOR
- KYC of new or existing customers or screening of new bene s added in the IRA account
- Due Diligence of Dormant accounts and to perform Escheatment
- Provide excellent customer service to our customers
Minimum qualifications
- Any Graduate (Relevant experience of Retail Banking will be an added advantage)
- Freshers are eligible
- Knowledge of retirement plans, IRAs, procedures, resources, tax laws, and regulations required (US banking preferred).
- Experience in EDD/CDD/AML/KYC of Retail Clients
- Working knowledge of significant regulations, US Tax forms (W9,1099-R, 5498 etc.), product knowledge of IRAs and tax laws that apply to client
- Effective probing skills and analyzing / understanding skills
- Problem solving skills with customer centric approach
- Must be able to work on a flexible schedule (including weekend shift work)
- Excellent written communication for letter drafting, analysis, problem solving, and time management required.
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
,Employement Category:
Employement Type: Full timeIndustry: IT - SoftwareRole Category: Sales / BDFunctional Area: Not ApplicableRole/Responsibilies: Assistant Manager - Retail Banking TrainingContact Details:
Company: Genpact IndiaLocation(s): Jaipur
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Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...
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