AML and KYC / Fraud Detection - Senior Process Executive

Senior Process Executive

Must-Have Skills

• AML Transaction Monitoring

  : Expertise in monitoring and analyzing customer transactions to identify unusual patterns or behaviors indicative of potential money laundering or other illicit financial activities.

• KYC Due Diligence (CDD/EDD)

  : Strong understanding and practical experience in conducting Customer Due Diligence (CDD) for standard risk profiles and Enhanced Due Diligence (EDD) for higher-risk individuals or entities, involving in-depth background checks and verification.

• Compliance Screening

  : Proficiency in screening customers and transactions against various sanctions lists, watchlists, and Politically Exposed Persons (PEP) databases to identify potential risks.

• Regulatory Knowledge (BSA/USAPA)

  : Solid understanding of key anti-money laundering regulations, particularly the

  Bank Secrecy Act (BSA)

  and potentially the

  USA PATRIOT Act

  , and their implications for financial institutions.

• Strong Research & Documentation

  : Excellent ability to conduct thorough research using various internal and external tools, synthesize complex information, and maintain clear, comprehensive, and audit-ready documentation for all investigations and findings.

• Fraud Detection

  : Demonstrated capability to identify, investigate, and mitigate various types of financial fraud, recognizing red flags and suspicious indicators.

Note:

Roles and Responsibilities

• Review and analyze AML Transaction Monitoring, Screening, and KYC Due Diligence processes

  , ensuring adherence to established policies and regulatory requirements.

• Conduct CDD/EDD

  for a diverse range of clients, including Institutional, Retail, and SME clients, across various banking domains such as Investment Banking, Commercial Banking, and Retail Banking.

• Perform essential customer lifecycle management tasks

  , including initial customer onboarding, periodic reviews of existing customer profiles, remediation of identified deficiencies, and data refresh tasks to ensure ongoing compliance.

• Independently research and analyze discrepancies or anomalies

  discovered during monitoring or due diligence, and formulate well-reasoned recommendations for their resolution.

• Maintain well-documented case files

  , ensuring that all investigations, findings, and decisions are accurately recorded and readily available for audit purposes.

• Liaise effectively with internal stakeholders

  , including compliance, legal, and business units, to ensure the timely closure of cases and implementation of necessary actions.

• Stay continuously updated with the latest compliance standards

  and evolving financial crime regulations, adapting processes and knowledge as required.

• Investigate suspicious financial transactions and red flags

  that may indicate potential fraud, money laundering, or other illicit activities.

• Utilize internal and third-party tools

  to effectively trace, document, and analyze complex transaction patterns and identify underlying criminal schemes.

• Escalate confirmed fraud cases

  for appropriate regulatory filing, such as Suspicious Activity Reports (SARs), or for internal disciplinary action, ensuring adherence to legal and organizational protocols.

Qualification

• Any Graduate (Relevant certifications in AML/KYC preferred)

CTC Range

• Upto 4 LPA

Notice Period

• Immediate

Contact: