Anti Money Laundering

Area(s) of responsibility

Title: Sr. AML (Anti Money Laundering) Analyst (L3 Level)

Location: India (Noida)

Experience – 6 to 8 years

Timings – Shift Hours (24 *7)

About Role

AML Ops Analyst is responsible for screening, reviewing alerts, escalations, reporting on potential suspicious activities identified via internal and external triggers, manual and automated triggers, including but not limited to AML/CFT negative news, fraud, sanctions, KYC generated during Transaction Monitoring process of Banking & Financial systems. He/she will be in charge of investigating transactions stemming from such referrals, as well as interacting with multiple levels of the bank to mitigate risk and supporting the oversight of the BCB 1st Line of Defense (“1LOD”). The AML Analyst may also handle a variety of processes, including legal requests (subpoenas), FINCEN regulatory processes, and law enforcement communications.

Required Skills:

• Bachelor's degree in Finance, Commerce, Statistics or equivalent.
• Experienced and knowledge in BSA/Anti-Money Laundering (AML), Transaction screening and Monitoring, Sanctions issues and Suspicious Activity Reports (“SARs”)
• Minimum 6 years of experience in L3 SAR filings, AML Experience in banking sector
• Experience in handling, reviewing, and clearing AML/CFT/Red flags reports to identify potentially suspicious activity.
• Review of documentation for all entity types as per policy / jurisdiction for all KYC / CDD / EDD documentation and raising request for information/document required as per the procedure
• Good to have Experience working with any AML tools like Actimize, Napier, Comply Advantage or similar tools.
• Expert in MS Excel
• AML Certifications preferred

Responsibilities:

• Review and sign off on L3 SAR filings. Manage end-to-end regulatory audits and exams. Tune TM system rules and thresholds.
• Lead complex look-back case and investigations.
• Liaises directly with different internal different stakeholders.
• Conduct in depth alerts/ case investigations pertaining to potential financial crime concerns such as AML, bribery, corruption, terrorist financing/human trafficking, etc, to mitigate regulatory, reputational, and compliance risk for the bank.
• Conduct investigations stemming from a variety of internal and external referrals, including clients and affiliate fraud, internal employee misconduct, sanctions related matters and circumvention attempts, and AML/CFT red flags.
• Interact with all lines of business and affiliates to resolve issues as appropriate and determine whether the activity is deemed suspicious.
• Prepare investigative reports with findings after a review of relevant documentation, including drafting Suspicious Activity Reports (“SARs”).
• Review monthly AML/CFT/Red flags reports to identify potentially suspicious activity.
• Participate in monthly calls with affiliates and key stakeholders as needed.
• Participate in a variety of regulatory and legal processes, including FinCEN 314(a), 314(b), 311 special measures, civil and grand jury subpoenas, and law enforcement information sharing and backup documentation requests.
• Assist colleagues and AML Management in other special projects involving transactions relating to, for example, Money Service, Payment Service Providers (“PSP”) and entities operating involved in transaction related services for the bank.
• Keep informed on laws, regulations, and current practices pertaining to the Bank Secrecy Act and Anti-Money Laundering regulations to AML Risk Team/Management.