AML FTE Analyst

Same job available in 3 locations:

Bengaluru, Karnataka, India

Gurugram, Haryana, India

Hyderabad, Telangana, India

Job title: AML _Fincrime Analyst

About

At Deloitte, we do not offer you just a job, but a career in the highly sought-after risk Management field. We are one of the business leaders in the risk market. We work with a vision to make the world more prosperous, trustworthy, and safe. Deloitte’s clients, primarily based outside of India, are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address these risks is increasingly important to their success—and to the strength of the economy and public security.

By joining us, you will get to work with diverse teams of professionals who design, manage, and implement risk-centric solutions across a variety of domains. In the process, you will gain exposure to the risk-centric challenges faced in today’s world by organizations across a range of industry sectors and become subject matter experts in those areas.

Our Risk and Financial Advisory services professionals help organizations effectively navigate business risks and opportunities—from strategic, reputation, and financial risks to operational, cyber, and regulatory risks—to gain competitive advantage. We apply our experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. Our market-leading teams help clients embrace complexity to accelerate performance, disrupt through innovation, and lead in their industries. We use cutting-edge technology like AI/ML techniques, analytics, and RPA to solve Deloitte’s clients’ most complex issues. Working in Risk and Financial Advisory at Deloitte US-India offices has the power to redefine your ambitions.

The Team

Anti-Money Laundering

Deloitte's Anti-Money Laundering (AML) practice assists clients worldwide, including both financial and non-financial institutions, in meeting a diverse range of regulatory requirements related to money laundering and economic sanctions. Our team comprises professionals with extensive expertise and a global network composed former bank regulators, federal law enforcement officers, financial institution compliance experts, IT specialists, economists, statisticians, bankers, and industry specialists. We collaborate with our clients to minimize their risks associated with money laundering and terrorist financing, enabling them to align with regulatory standards for robust programs and controls. Our services encompass the design, implementation, enhancement, and testing of AML/Sanctions programs, offering comprehensive compliance solutions. Whether our clients need assistance in crafting comprehensive compliance frameworks or guidance during investigations/regulatory inquiries, our technologically advanced solutions empower them to fulfill regulatory expectations and enhance their program resilience and confidence. Additionally, we provide services for responding to and rectifying compliance lapses when they occur.

Anti-Money Laundering services include:

• Transaction Monitoring/Lookbacks/Investigations
• AML/Know Your Customer (KYC) Reviews (CDD / EDD)
• Currency Transaction Report (CTR) reviews
• Sanctions Screening/Alert reviews
• AML Independent Testing & Risk Assessments
• Fraud Reviews

Work you’ll do

In this role, you’ll have the opportunity to work with our Deloitte U.S firms. The Key Responsibilities include:

• Help design, review, enhancement, implementation, and monitoring of numerous anti-money laundering and sanctions detection and compliance programs for clients around the world
• Conduct thorough investigations into flagged or suspicious transactions to assess risks of money laundering or terrorist financing.
• Analyze customer account data to detect irregular behavior and patterns using various investigative techniques and tools.
• Prepare detailed investigation reports and documentation for review by senior compliance staff or regulatory bodies.
• Engagements may include assessing AML risk at the enterprise and business unit level, drafting and enhancing policies and procedures, creating and delivering training modules, compliance assessments, transaction monitoring "look backs", Know Your Customer (“KYC”) remediation’s, internal controls assessments, internal investigations, and independent testing
• Remediate a customer’s KYC record in accordance with clients’ customer risk rating and perform appropriate customer identification program (CIP), customer due diligence (CDD) and enhanced due diligence (EDD) standards as applicable, highlighting issues, providing recommendation and escalating identified issued thereby meeting production targets
• Supporting engagements by thoroughly reviewing sanction alerts and negative media hits to determine their disposition based on the identified results, distinguishing between true hits and false positives
• Conduct comprehensive Currency Transaction Reporting (CTR) reviews, examining financial transactions for accuracy and compliance with regulatory requirements, while ensuring the timely and accurate filing of CTRs in accordance with applicable laws
• Compose draft version of Suspicious Activity Report (SAR) narratives, articulating complex financial transactions and patterns into clear, concise, and compliant narratives that effectively communicate and address all risks associated with the identified suspicious activities
• Draft Suspicious Activity Report (SAR) narratives, clearly and succinctly describing complex financial transactions and patterns. Ensure these narratives comply with regulatory requirements and effectively communicate the risks associated with the identified suspicious activities.
• Conduct research about customer and its related parties using LexisNexis, World Check, third-party databases, and publicly available sources
• Demonstrate understanding of ongoing industry trends, changing regulatory landscape related to Transactions reviews & investigation, Alert generation and adjudication, US & EU sanctions etc.
• Coordinate with various internal and external stakeholders to obtain required information to perform these responsibilities

Required skills

BBA/BBM/B. Com or equivalent degree with minimum 1-2 years of experience in AML-focused activities.

• Strong analytical and problem-solving skills with the ability to handle complex investigations.
• Excellent attention to detail and high level of accuracy.
• Proficient in the use of AML software and tools.
• Strong interpersonal and communication skills, capable of explaining complex situations clearly and concisely.
• Ability to work independently and as part of a team in a fast-paced environment.
• Knowledge of the regulatory landscape – The BSA, The Patriot Act, U.S. Treasury AML guidelines and OFAC requirements
• Knowledge of common third-party databases and public resources used for due diligence research
• Having a CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) certification is preferred.
• Proficiency with MS-Office (Excel, Word, and PowerPoint)
• Flexibility regarding working in rotational shifts for client service projects

Qualification

· BBA/BBM/B. Com or equivalent finance degrees