Job
Description
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
Perks and benefits
