AML- Analyst

Role & responsibilities:

1. Transaction Monitoring:

• Analyze and review high-risk transactions flagged by the monitoring system.
• Investigate unusual patterns and activities, and escalate potential suspicious transactions.
• Investigations of fraud incidents, Complaints/Grievance, Incidents,
• Whistle-blower Incidence, violation of Code of Conduct

2. Case Investigation:

• Conduct in-depth investigations of customers and transactions to identify red flags.
• Prepare detailed investigative reports for management and regulatory filings (e.g., STR/CTR/NTR).

3. Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD):

• Review the requirements of conduct onboarding checks and ongoing reviews for high-risk customers and transactions.
• Ensure compliance with Know Your Customer (KYC) requirements.

4. Reporting:

• Prepare and file Suspicious Activity Reports (SARs) with relevant authorities.
• Ensure timely and accurate regulatory submissions.
• Dashboard to Senior Management on Market Conduct issues
• Liaison with Law enforcement agencies on matters of Fraud
• Incident monitoring and actioning on incidents reported
• Fraud and Forgery data analysis and prepare reports
• Board & IRDAI reporting

5. Policy and Process Management:

• Assist in the development and implementation of AML policies and procedures.
• Stay updated on global and local AML regulations and suggest necessary updates to processes.
• Monitor and Review Sales and Business practices.
• Liaison with Stakeholders of various functions to strengthen the controls on Process and system
• Proactive Identification of New Risks
• Take steps for ensuring Compliance with Company Policies on AML, Fraud management, Anti-bribery.
• Compliance with UNSC/ FATF/MHA sanctions.

6. Training and Awareness:

• Conduct training sessions for Employees and Sales Persons to enhance awareness.
• Conduct Sales Compliance Meetings to Highlight Sales Practices
• Provide guidance on regulatory requirements and internal standards.
• Liaison with Stakeholders of various functions to strengthen the controls on Process and system
• Branch Visits as may be required.

7. Audit and Compliance:

• Support internal and external audits related AML / Fraud compliance.
• Assist in responding to regulatory inquiries and assessments.

8. Data Analysis and Reporting:

• Analyze customer data to identify risk trends and emerging typologies.
• Provide regular reporting to senior management on activities. Preparing Dasboards.