Compliance:Correspondent Banking Team

No of VacanciesReports toIs a Team leaderY/NTeam SizeGradeManagerBusinessCorporate CentreDepartmentComplianceSub-DepartmentComplianceLocationCorporate Office , Worli MumbaiAbout ComplianceThe Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, ficial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc and also the Bank s internal policies and fair practice codeAbouttheRoleThe Correspondent banking team is responsible for handling the AML Monitoring Transactions, processing and submission of suspected transaction reports to Ficial Intelligence Unit India and for handling queries from statutory authoritiesEnsure efficient transaction monitoring by AML AnalystsAnalyze STR notes prepared for suspicious transactions and recommend the same to the Principal Officer(PO) for approval, for onward submission to Ficial Intellegence Unit - IndiaEnsure timely and proper response to queries raised by various stake holders (both Internal and External)Ensure monitoring of s as per laid down processes and completion of targets by the direct reporteesLiaison with various Stake holders of the Bank to ensure proper co-ordination and exchange of Data/InformationParticipate in discussions of CMC/PMC of proposed bank products for ensuring to AML guidelinesEnsure monitoring of various Regulatory Reports by the team for identifying suspicious patternsCreate multiple case studies, depicting various money laundering trends, for building up necessary controls, collate data under various Analytic parameters in line with the transaction monitoring functions and recommending various system/scenario enhancementsImpart regular training and knowledge enhancement concerning Transaction MonitoringQualificationsMBAAML Related courses / Programme certification is desirableBanking experience is desirableRole ProficienciesFor successful execution of the job, a candidate should possess the following:Good communication (both verbal & written) and inter-personal skillsStrong Excel and database manipulation skills, ficial and statistical analysis skills)Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environmentAbility to prioritize and make decisions in a fast-paced environmentAbility to work as a part of team and contribute towards team goalsAbility to manage multiple tasks/projects and deadlines simultaneously