Team Leader - AML-SUPPORT SERVICES-Compliance

Job Description: (M1/M2/M3)

As an Anti-Money Laundering (AML) team member you would be responsible for identifying and monitoring transactions in the accounts as per the PMLA provisions, KYC/AML/CFT guidelines issued by RBI from time to time. The role involves other key activities like:

• Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.


• Analysis of unusual pattern of transactions based on various scenario defined in the system


• Forward AML alerts to branches/respective businesses for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts


• Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies


• Updation of names in negative database as and when applicable


• Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within prescribed time frame.


• Maintain current understanding of money laundering/ terrorist financing issues including processes, policies, procedures, regulations and developing trends.


• Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any.

Job Requirements

• Graduate / Post Graduate with at least 2 years of Banking experience


• Well versed with functioning of Core Banking System


• Familiar in working on Microsoft office mainly

  Excel

  . Possessing

  V-lookup

  skills will be added advantage


• Good communication skills (spoken and written)


• Analytical skills with regard to monitoring of transactions, identification of unusual transactions with an eye for detail will be an added advantage


• Should keep himself / herself conversant with the current developments related to KYC / AML / CFT monitoring


• Additional qualification / certification in AML would be preferred.