AML Governance _ Bank _ Mumbai

Role & responsibilities

Responsible for managing the team of analysts monitoring and analyzing the transactions to identify potential money laundering activities

Handling the team of AML Transaction Monitoring and Suspicious Transaction Reporting. Alerts review shall include review of customer profile, transaction pattern, financials, & ancillary information obtained through public and private sources to identify potential money laundering patterns.

Drafting and/or review of Grounds of Suspicion and taking such cases to logical closure including filing of STR with FIU-IND.

Ensuring high reporting standards to FIU India in terms of quality of STRs and identification and submission of P1 STRs as well as typology reports.

Ensure 100% process compliance, robust internal control across the unit and product coverage through review of products/services from AML/CFT perspective at the time of implementation as well as periodic renewals.

Good knowledge of complex customer types.

Work closely with the product/business teams to ensure smooth day to day functioning.

Provide inputs on processes to improve the system performance, rule optimization etc.

Liaising with internal (branches/BCU/product teams) and external (FIU/RBI/auditors/vendors/peer banks) stakeholders for various requirements, on need basis.

Sound knowledge about latest development across the globe about money laundering and terrorist financing.

Knowledge and Understanding of Banking Regulations and Laws governing AML/KYC including FATF requirements.

Investigate any unusual matters escalated by business or identified through triggered event

Clear understanding of regulatory reporting requirements and interpretation of regulatory guidance

Manage any AML relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses etc.