Job Role

Be the first to apply

Pre & post account opening sampling of data for Risk Containment Unit

Coordination with the RPC/Agency/branch for all account sampling

Raising alerts to branches and follow-up on alerts for all negative cases

Logical conclusion to all samples with either a negative or positive alert

Process support visit to branches

The measurable will be:

MIS to HO on monthly basis with detailed analysis of the cases

Trend analysis of both negative & positive alerts

Eye for detail

Capability of pre-empting possible violation of KYC guidelines/processes

Effectiveness of control on the branches in terms of tracking the alerts and adherence to the TAT

Job Requirements:

Excellent written and oral communication skills

Thorough knowledge on KYC & processes

Willing to travel outside the base location

LMS Level 3 clearance – internal courses

Minimum 2 years of work experience

Good analytical skills

Capability of pre-empting possible violation of KYC/controls/processes

Responsibilities

Conduct comprehensive screening and sampling of transactions, accounts, and customers to identify potential risks and anomalies.
Analyze and interpret data to detect suspicious activities, ensuring compliance with regulatory standards.
Collaborate with risk management, compliance, and legal teams to develop and implement effective screening and sampling strategies.
Maintain accurate records and documentation of screening and sampling activities, ensuring data integrity and confidentiality.
Stay updated with industry trends, regulatory changes, and best practices in risk management and compliance.
Provide support and guidance to front-line staff on screening and sampling procedures, ensuring consistent implementation.
Conduct periodic reviews and assessments of the screening and sampling processes to identify areas for improvement.
Prepare and present reports on screening and sampling activities to senior management, highlighting key findings and recommendations.
Liaise with external auditors and regulatory authorities during inspections and audits, providing necessary documentation and insights.
Ensure the bank's screening and sampling processes align with its risk appetite and overall business strategy.

Bachelor's degree in Finance, Business Administration, or a related field.
Minimum 2 years of experience in risk management, compliance, or a similar role, preferably in the banking industry.
Strong knowledge of regulatory requirements, especially related to anti-money laundering (AML) and know-your-customer (KYC) regulations.
Excellent analytical and problem-solving skills, with the ability to interpret complex data.
Proficiency in using risk management and compliance software and tools.
Attention to detail and a meticulous approach to work.
Effective communication and interpersonal skills, with the ability to collaborate with diverse teams.
Ability to work independently and manage multiple tasks simultaneously.
Willingness to stay updated with industry developments and regulatory changes.
Strong ethical standards and a commitment to maintaining confidentiality.