Team Member - Aml - support Services - compliance

Anti-Money Laundering (AML) Team Member

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:

1. Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
2. Analysis of unusual pattern of transactions based on various scenario defined in the system
3. Forward AML alerts to branches/respective businesses for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts
4. Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies
5. Updation of names in negative database as and when applicable
6. Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within prescribed time frame.
7. Maintain current understanding of money laundering/terrorist financing issues including processes, policies, procedures, regulations and developing trends.
8. 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.