Team Member - AML-SUPPORT SERVICES-Compliance

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.