Risk Investigator - AML Operations

Risk Investigator - AML Operations (Transaction Monitoring & FIU Reporting)

Job Posting Unavailable

About the Team: -

Join the dynamic PhonePe AML Operations team, contributing to the Trust & Safety initiative aimed at enhancing the security and reliability of PhonePe products. This high-impact team focuses on mitigating ML/TF risks through adept control implementation and swift actions. If you aspire to shape processes and digital tools, unravel financial transactions, and identify trends/patterns of concerns affecting millions of customers, seize the opportunity to collaborate with top-notch professionals and turn your dreams into reality with purpose and agility - this is your opportunity!

Roles & Responsibilities:

Demonstrate a strong understanding of Anti Money Laundering & Fraud Workflow, specifically in Transaction Monitoring & Sanctions.
Knowledge of PMLA Act, onboarding workflow, risk categorisation, trends / patterns of concerns in customer transactions
Perform daily Transaction Monitoring alert mitigation with an investigative mindset.
Identify and research patterns, trends, and anomalies in complex transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to ML/TF.
Draft Grounds of Suspicion (GOS) and file Suspicious Activity Reports/Suspicious Transaction Reports (SAR/STR) to the Financial Intelligence Unit (FIU-IND).
Able to work individually on projects and ad-hoc tasks including LEA data requests.
Collaborate within the team and with external stakeholders to achieve team goals.
Understand and identify Red Flag Indicators/Anomalies on various products, services, and workflows within PhonePe ecosystem.
Suggest process improvements, identify challenges, and seek automation opportunities to enhance operational efficiencies across various business/product verticals.
Stay updated on the latest and emerging trends in the Fraud & Anti Money Laundering domain overall.

Education & Preferred Qualifications:

Requirements include, but are not limited to:

Graduate Degree; MBA or other postgraduate degree is a plus.
Candidates with experience in the FinTech/Payments industry (Prepaid Instruments, PA/PG, TPAP) are highly preferred.
Minimum 2-3 years of relevant experience in Anti Money Laundering Investigations, Transaction Monitoring, and data analysis (Payments Sector experience preferred).
Good understanding of Know Your Customer, Customer Onboarding, Risk categorization, and Transaction Monitoring.
Any AML-related certification is an added advantage.
Team player with excellent drafting, strong interpersonal skills, and verbal communication.
Proficient in MS Office (Word/Excel/PowerPoint), and basic understanding of SQL would be a plus.