FCI:DTM - Analyst

No. of VacanciesReports toManager - SMIs a Team leaderY/NTeam SizeGradeOfficer / AM / DMBusinessDigital Transactions MonitoringDepartmentDTMSub-DepartmentDTMLocationAiroliAbout DepartmentThe Digital Transaction Monitoring department monitors all the transaction undertaken through the bank s system and through peer banks. The team monitors customer transactions on a daily basis or in real-time for risk. The transactions monitored can include cash deposits and withdrawals, wire transfers, and ACH activity. The department aims to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).About the RoleThe DTM analyst aims to mitigate the fraud risk of the customers onboarded through validation of documents, investigation and KYC checks using the best in class technology platforms like Hunter, Uniphore, Fraud Guard etc. The Analyst is also responsible for analysing observed fraud trends and developing robust fraud control measuresKey ResponsibilitiesDevelop and implement strategies for automation and digitisation of FCM processesAnalysis of the data and identifying anomalies/trends,Ensure timely launch of new activities/processes as decided by departmentEnsure sampling efficiency with continual improved hit ratesEnsure detailed optimal investigation of Sampling Frauds leading to perpetrator identifications and setting of deterrentsEnsure that action is taken for 100% of cases, within TAT, identified in the technology platformsCo-ordinate and follow-up with stake-holders for adherence to the stipulated turnaround timeUndertake mystery shopping to understand the flaws in the system and to evolve control measuresImpart regular training to law enforcement agencies, service providers and vendorsQualificationsGraduate/ MBA preferredAdditional Certificate course related to Banking sectorRole ProficienciesKnowledge of banking products and servicesKnowledge of regulatory guidelines and normsGood communication (both verbal and written) skill in both English and the local languageAbility to manage complex client situationsAbility to manage risk and uncertainty for self and team within a dynamic priority-setting environmentAbility to handle pressure and meet deadlines