Associate,Sr Associate

Job Title: AML / KYC Transaction Monitoring (L1/L2 Reviewer)

Company: PwC India

Location: Bangalore

Job Type: Full-time

Experience Level : 18 to 48 Months

Summary:

We are seeking skilled AML/KYC Analysts with 1.5-4 years of experience to join our dynamic team in the

Financial Crime Compliance. The ideal candidate will be experienced in carrying out KYC process for

clients of large multi-national banks; Will be familiar with country specific regulation and be familiar

with the tools and databases used in the KYC process to conduct due diligence on clients by gathering

and analyzing client information to verify compliance with regulatory requirements.

Responsibilities:

1. Conduct client due diligence (CDD) to gather information such as identity verification, source of

funds, and beneficial ownership for different entity types like Banks, Trust, Funds, SPV etc.

2. Perform initial checks on client documents and data to ensure completeness and accuracy.

3. Support in conducting research using various databases and sources to verify client information.

4. Conduct in-depth investigations of flagged transactions to identify patterns, trends, and

anomalies using the advanced transaction monitoring systems and tools to analyze financial

transactions for potential suspicious activities.

5. Review and assess customer account activity to detect and prevent money laundering, fraud,

and other illicit financial activities.

6. Conduct sanction screening and adverse media screening of customers using specialized tools

and databases and analyze screening results to identify matches with sanctioned individuals,

entities, or countries.

7. Maintain accurate documentation for all clients, including KYC profiles and ongoing monitoring

records.

8. Conduct reviews for ongoing monitoring of client accounts, including periodic reviews and event

driven reviews.

9. Collaborate with internal stakeholders including compliance officers, risk management teams to

address KYC-related issues and provide guidance on regulatory requirements.

10. Continuously participate to evaluate and enhance AML and KYC processes and procedures to

improve efficiency and strengthen compliance controls.

11. Stay updated on regulatory requirements, industry trends, best practices related to AML, KYC,

TM and CFT compliance.

Requirements:

1. Bachelor's degree in finance, accounting, business, or related field.

2. 1.5 to 4 years of experience in KYC, TM, AML compliance, or a related role within the banking

industry.

3. Strong understanding of financial regulations, including but not limited to FATF, OFAC, Bank

Secrecy Act, RBI MD and other global and local Anti-Money Laundering (AML), and Know Your

Customer (KYC) guidelines.

4. Experience with conducting on-boarding / periodic / event driven reviews for Institutional

clients

5. End to End KYC experience including customer / RM outreach

6. Experience with KYC for complex entities with complex ownership structure, presence in

multiple jurisdictions etc.

7. Proficiency in using transaction monitoring tools and software platforms.

8. Effective communication skills, both verbal and written, with the ability to communicate findings

and recommendations clearly and concisely.

9. Ability to work independently and collaboratively in a fast-paced environment.

Preferred Qualifications:

1. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS).

2. Experience working with large-scale banking or financial institutions.

3. Familiarity with regulatory requirements specific to the jurisdiction in which the bank operates.

Benefits:

• Competitive salary

• Health insurance

• Paid time off and holidays

• Professional development opportunities

Points to be noted

• Ensuring compliance with relevant anti-money laundering (AML) and counter-terrorism

financing (CTF) regulations. Remain abreast of with changes in regulations and industry best

practices.

• Documenting and maintaining records of transaction monitoring activities.

• Review of L1/L2 alerts generated by the transaction monitoring system for corporate/individual

customers based on pre-defined rules and thresholds by analyzing customer transactions for

patterns or activities that deviate from established norms or indicate potential illegal activity.

• Assess the risk associated with different customer types and transactions and flag suspicious

transactions, such as those potentially related to money laundering, terrorist financing, or other

financial crimes.

• In depth Analysis of transaction data, including customer information, transaction details, and

historical patterns, to assess the risk of suspicious activity. Utilizing transaction monitoring

systems and tools to analyze data and identify anomalies.

• Identify potential red flags and anomalies that may indicate money laundering, terrorist

financing, or other financial crimes.

• Escalate potential suspicious activity to senior reviewers or relevant authorities, as per

established protocols.

• SAR Filing, Prepare reports and summaries of findingsRole & responsibilities

Preferred candidate profile