Anti-Money Laundering (AML) Compliance Team Member

Team Member - AML-SUPPORT SERVICES-Compliance

Job Description: (M1/M2/M3)

As an Anti-Money Laundering (AML) team member you would be responsible for identifying and monitoring transactions in the accounts as per the PMLA provisions, KYC/AML/CFT guidelines issued by RBI from time to time. The role involves other key activities like:

• Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
• Analysis of unusual pattern of transactions based on various scenario defined in the system
• Forward AML alerts to branches/respective businesses for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts
• Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies
• Updation of names in negative database as and when applicable 
• Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within prescribed time frame. 
• Maintain current understanding of money laundering/ terrorist financing issues including processes, policies, procedures, regulations and developing trends.
• Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any. 

Job Requirements – 

• Graduate / Post Graduate with at least 2 years of Banking experience
• Well versed with functioning of Core Banking System 
• Familiar in working on Microsoft office mainly “Excel”. Possessing “V-lookup” skills will be added advantage
• Good communication skills (spoken and written)
• Analytical skills with regard to monitoring of transactions, identification of unusual transactions with an eye for detail will be an added advantage
• Should keep himself / herself conversant with the current developments related to KYC / AML / CFT monitoring
• Additional qualification / certification in AML would be preferred. 

Experience Level

Mid Level