About the Role: Assistant Manager - AML Compliance is associated in implementing the policies and processes ensuring compliance with the AML guidelines.
About the team:
The department responsibilities include screening of Merchants as per the regulatory guidelines and against the internal negative lists maintained, ongoing monitoring and review of the transactional activity for the existing customers and to report STRs to FIU India.
What you’ll be doing:
Conduct review on alerts generated for transaction monitoring or screening alerts in Sanctions, Adverse Media and Politically Exposed Persons as per TAT with complete process understanding.
Conduct open-source search to find relevant information to complete the investigation and review.
Capture information and documents from internal system / teams as per established norms of bank's KYC policy
You will be involved in escalating Red flags & due diligence findings to Financial Crime compliance & apply a risk mindset at all times.
Conduct false positive analysis on matches identified for counterparties alerted during watch list, sanctions and adverse media screening
Mitigate or call out true hits for AML adverse concerns and collaborate closely for further action
Closely monitor the suspicious transaction trends, processes, behavior pattern & ensuring required process improvements are implemented.
Adherence to the critical metrics and business SLAs is mandatory
What are we looking for?
Minimum Graduate with Overall 5-8 years of experience with 4-5 years of relevant experience in AML domain will be preferred
Experienced in CDD/EDD of merchants, including periodic review of line of business and other information available on the merchant/ KYC refresh
Ability to conduct detailed investigation in Adverse / Negative Media and Transaction Surveillance / Monitoring
Sound understanding of Sanctions, PEP and other watch list which is required to perform core job for alert adjudication in accordance with company’s policies
Good Knowledge of AML/KYC controls including front-end systems, applications, data sources, and back end controls including data protection act, financial services act, money laundering act & confidentiality regulators.
AML certification will be an added advantage.
Experience on AML tools like AMLOCK, Jocataetc
Good skills in MS-Office applications like Excel etc
