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.