About this role
Job role – Team Member –AML Cell – Compliance
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 three 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.