Executive - Anti-Money Laundering (Compliance and Remediation) KPMG India

1.0 - 5.0 years

0 Lacs

karnataka

On-site

About KPMG in India KPMG entities in India are professional services firms affiliated with KPMG International Limited. Established in India in August 1993, KPMG professionals leverage a global network of firms and possess in-depth knowledge of local laws, regulations, markets, and competition. With offices located across India in cities such as Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara, and Vijayawada, KPMG entities in India offer services to national and international clients across various sectors. The aim is to deliver rapid, performance-based, industry-focused, and technology-enabled services that reflect a deep understanding of global and local industries and the Indian business environment. Purpose As a part of the AML team, your responsibilities include reviewing level 2 AML alerts in accordance with the Procedure document and Red Flag document. Any positive alerts are to be escalated to the country FCC for further review and decision-making. Ensuring the implementation of AML policies as per the current procedures, collaborating with stakeholders on AML-related matters, and providing continuous input for enhancing the overall AML process, including system-related improvements. Key Responsibilities - Review pre and post transaction alerts from an AML perspective. - Ensure the adequacy of systems, procedures, and controls aligned with existing policies for Trade. - Timely submission of monthly MIS concerning Trade AML alerts and reports to management. - Timely review and escalation of alerts. - Coordinating the rollout across all markets as per the group implementation plan. - Coordinating IT initiatives/issues related to systems used by Operations/AML Advisors. - Managing BCP/DR testing and crisis situation management. - Enhance skills and talent by pursuing local/international certifications in AML. - Drive operational excellence initiatives. - Maintain acceptable audit ratings for the unit and promptly address audit and AML risk-related issues. - Provide AML inputs to the training team as necessary. - Regularly engage with the Operations team in Trade to share cases and new insights. - Maintain low attrition rates in the AML team. - Conduct skip-level meetings with team members to ensure high employee morale. - Keep the team updated on important aspects of AML policies and procedures periodically. Risk Management - Analyze significant financial crime risk events to identify and report all connected parties, particularly cross-border transactions, internally across relevant jurisdictions. - Apply Group and FCC policies and processes to manage risks effectively. Governance - In case of serious regulatory breaches or breached risk tolerances, promptly inform senior management for swift remediation or cessation of activities. Qualifications Qualified Graduate with a minimum of 1-2 years of post-qualification experience.,

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