AML Transaction Monitoring

The Service Delivery Manager in AML and transaction monitoring (Alert Investigation Retail & Prepaid Cards)

Responsibilities

• · MUST have strong knowledge of AML (Anti-Money Laundering) and fraud analysis.
• · Review of Monthly alerts and understanding of alert generation due to exceeding the threshold/particular spike in a customer account.
• · Ability to understand the pattern of transactions regarding suspicious/unusual activity while doing periodic reviews.
• · Must have exposure to Global Alert management tools.
• · Establish and implement money-laundering rules covering all bank products in the transaction monitoring system.
• · Should be able to determine the source and utilization of funds for the customer.
• · Understanding of unusual activity and behavior.
• · Should understand PEP classification and Naming convention as well.
• · Understand High-risk jurisdictions, current Sanction entities/individuals, different trade sanctions, SDN, etc.
• · Should have a fair understanding of identifying the relationship between customers and counterparties/intermediaries.
• · Should be able to analyze the purpose of the transactions.
• · Exposure to preparing AML case logs and validating information regarding transactions and counterparties via different external applications, i.e., Lexis Nexis, D&B, etc.
• · Adept at multi-tasking and meeting deadlines in a high-pressure environment
• · Strong documentation skills to clearly articulate alert disposition
• · Should have a good understanding of the USA Patriot Act, BSA, and CIP.
• · Should have good knowledge of Lexis-Nexis, Google searches, and negative searches.
• · Good Communication and problem-solving techniques using analytical skills
• · Should have lead a min. team size of 50