AML Analyst

Position AML Transaction Monitoring Team Leader/ Team Member

Reporting to Anti-Money Laundering – Transaction Monitoring Vertical Head

Objective The incumbent would be responsible for managing the team of analysts monitoring and analyzing the transactions to identify potential money laundering activities.

Responsibilities

• Handling the team of AML Transaction Monitoring and Suspicious Transaction Reporting. Alerts review shall include review of customer profile, transaction pattern, financials, & ancillary information obtained through public and private sources to identify potential money laundering patterns.
• Drafting and/or review of Grounds of Suspicion and taking such cases to logical closure including filing of STR with FIU-IND.
• Ensuring high reporting standards to FIU India in terms of quality of STRs and identification and submission of P1 STRs as well as typology reports.
• Ensure 100% process compliance, robust internal control across the unit and product coverage through review of products/services from AML/CFT perspective at the time of implementation as well as periodic renewals.
• Good knowledge of complex customer types.
• Work closely with the product/business teams to ensure smooth day to day functioning.
• Provide inputs on processes to improve the system performance, rule optimization etc.
• Liaising with internal (branches/BCU/product teams) and external (FIU/RBI/auditors/vendors/peer banks) stakeholders for various requirements, on need basis.
  
  

Essential competencies

• Collaborative and a team player, able to work well with other staff including departmental colleagues, business, operations and technology teams.
• Managing the monitoring of work assigned to the team and recommending process changes to increase efficiency.
• Sound knowledge about latest development across the globe about money laundering and terrorist financing.
• Knowledge and Understanding of Banking Regulations and Laws governing AML/KYC including FATF requirements.
• Investigate any unusual matters escalated by business or identified through triggered event
• Clear understanding of regulatory reporting requirements and interpretation of regulatory guidance
• Manage any AML relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses etc.
• Any other matters assigned by the Head of Unit or line manager.
• Ability to take initiatives, working with tight timelines
• Added advantage being well versed with Merchant Acquisition Transactions/ Payment Gateway /Payment Banks transactions/I4C complaints
• Able to challenge the status quo and identify, recommend and implement process efficiencies.
• Should be a team player with strong problem-solving skills.
  
  

Qualifications And Relevant

experience Sound knowledge of PMLA and RBI regulations with relevant experience of minimum 5-6 years. Team handing experience is required.