Regulatory Compliance Associate

Skill required: KYC Screening - Sanctions Screening
Designation: Regulatory Compliance Associate
Qualifications:Any Graduation
Years of Experience:1 to 3 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com What would you do? Help clients transform their compliance function from reactive to proactive through an intelligent compliance operating model – powered by data, intelligent technologies and talentLooking for someone with AML and Fraud mgmt experience.Understand & implement laws, and regulations designed to stop the practice of generating income through illegal actions during transfer of funds. Anti Money Laundering law covers limited number of transactions and criminal behaviors to prevent terrorist financing and money laundering and compliance programs, including know-your-customer (KYC) rules. Strong coping, emotional resilience, and stress-management skills• Excellent comprehension and communication• Ability to perform duties objectively, devoid of inherent biases or personal beliefs, in the best interest of client policies• Strong attention to detail• Comfort synthesizing and analyzing information from multiple streams• Strong critical thinking and decision-making skillsLooking for someone with KYC experience along with ECDD/OCDD knowledgeBusiness and regulatory requirements, governance, operating model, process and system controls to verify the identity, suitability, and risks involved with onboarding and/or maintaining a business / customer relationship. Ability to effectively and efficiently conduct the process of screening individuals, entities, or transactions against lists of sanctioned or restricted parties. Sanctions screening involves using specialized software, understanding relevant regulations, and maintaining a proactive approach to mitigate the risk of engaging with sanctioned entities.
What are we looking for? Ability to understand Complex Regulatory and Compliance requirements within the retail banking space. • Transaction Monitoring experience and good knowledge of financial crime compliance within the global banking sector • Analytically sound to guide the analysts to take decisions on whether an alert should be escalated for further investigation or close if further review is not warranted. • Sound knowledge required in Banking Laws and requirements like BSA/AML/KYC • Ability to understand Complex legal entities and transactions between similar counterparties and be able to judge whether the transaction is suspicious. • Experience of working on systems like Actimize, Lexis Nexis, Adverse Media interpretation • Knowledge of banking products like Insurance, Annuities, Mortgages, loans, credit cards etc. • Knowledge of regulations like banking secrecy act, USA Patriot Act, OFAC regulations, FinCEN (financial crimes enforcement network) etc. • Knowledge of sanctions, SARs (suspicious activity reports), CTRs (currency transaction reports) etc. • Knowledge of high-risk countries, businesses, PEPs (politically exposed persons) etc. • Advanced Proficiency required in English Language to create disposition narratives. • Perform assignments/deals/tasks of high complexity and resolving queries. • Basic domain knowledge about US Bank Regulatory challenges in transaction monitoring & subsequent risk management
Roles and Responsibilities: •In this role you are required to solve routine problems, largely through precedent and referral to general guidelines • Your expected interactions are within your own team and direct supervisor • You will be provided detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments • The decisions that you make would impact your own work • You will be an individual contributor as a part of a team, with a predetermined, focused scope of work • Please note that this role may require you to work in rotational shifts