Team Assistant Transaction Monitoring

Key Responsibilities:

• conduct end-to-end due diligence on Transaction Monitoring alerts, including performing in-depth independent research to thoroughly assess and mitigate risks.
• Support the team responsible for performing transaction monitoring simulations by providing necessary data, insights, and analysis to enhance system robustness and identify gaps.
• Develop and continuously refine system rules for Transaction Monitoring to efficiently detect and interpret complex red flag indicators, ensuring proactive risk mitigation.
• Manage internal and external SLAs for alerts to maintain 100% compliance. Leverage advanced internal tools to track SLAs and establish robust controls for adherence.
• Gain and apply expertise in investigative tools such as Dow Jones, World-Check, and other relevant platforms to identify and address potential risks comprehensively.
• Identify, escalate, and resolve risks/issues with urgency, ensuring adherence to compliance timelines and protocols.
• Collaborate effectively with oversight teams, business partners, and key stakeholders to address identified gaps and implement long-term, sustainable solutions.
• Conduct Enhanced Due Diligence (EDD) on high-risk customers by leveraging risk categorization frameworks and ensuring detailed reporting.
• Maintain expertise in sanctions, Politically Exposed Persons (PEP) screening processes, and international compliance requirements to strengthen risk management capabilities.
• Design and maintain comprehensive dashboards for committees to provide real-time insights into key compliance metrics and emerging risks.
• Conduct periodic risk assessments to identify emerging threats, develop mitigation strategies, and ensure alignment with regulatory expectations.
• Provide comprehensive and well-documented audit information to internal and external auditors in a structured and organized manner.
• Ensure continuous improvement and effectiveness of the Compliance program by fostering a best-in-class compliance culture across the organization.

Qualifications, Skills and Experience

· A strong academic qualification such as CA, MBA, CAMS, or LLB is preferred. Prior experience in AML compliance will be considered an added advantage. Overall 6+ years of experience is required.

· Sound understanding of global anti-money laundering trends, along with RBI-issued regulations applicable to commercial banks and payment operators, particularly in the context of AML/KYC compliance.

· Self-motivated, dependable, and adaptable with strong attention to detail. Proven ability to work effectively both independently and within a collaborative team environment.

· Familiarity with applicable laws, regulations, and enterprise-wide policies. Capable of interpreting and applying them in the context of local compliance standards.

· Excellent collaborative skills to foster positive working relationships with peers, compliance counterparts, and business stakeholders.

· Proficient in managing multiple stakeholders and providing timely guidance and support to business partners.

· Exceptional verbal and written communication abilities, with the capacity to interact effectively with senior management.

· Proficient in Microsoft Office applications, including Word, Excel, and PowerPoint, to ensure effective documentation and reporting.