drjobs AML Compliance - Large Private Bank

AML Compliance - Large Private Bank

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1 Vacancy
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Job Location drjobs

Mumbai - India

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Job Responsibilities (JR):

Alerts and STRs (as Individual contributors)

  • To review alerts generated and assigned for monitoring through system or based on exception reports.
  • Carry out enhanced due diligence (including media search) for cases found suspicious as per initial review.
  • To liaise with branches / operations / product teams for clarifications on the alerts and/or reportbased monitoring.

Alerts and STRs (as supervisors)

  • To carry out sample review alerts closed by team members and ensure proper documentation through utility / tracker etc. of the review done.
  • To ensure timely submission / review of Ground of Suspicion (GOS) recommend cases for STR reporting etc.

Scenario Reviews

  • To analyze AML alerts / exception reports used for monitoring for monitoring for improvements in scenarios and thereby to reduce false positives.
  • To review and implement the suggestions received from Junior AML officers / Team members for improvement in the scenario and reduction of False positive alerts.

Improvements and Value addition

  • To ensure improvements and value additions in the current processes and gaps in the existing processes identified by Junior Officers are taken to logical conclusion.
  • To have an eye for process improvements bring efficiency in the activities carried out in the unit identify automation opportunities.
  • Ensure that processes for monitoring areas / scenarios assigned to the AML officers / Team are kept updated.
  • To liaise with various stakeholders for improvements required in the process of preparation and filing of all regulatory reports including BPRGR/ITBSG for system enhancements.

Regulatory requirements reporting and query handling

  • To keep self updated with all regulatory guidelines and key developments in AML domain and appear for mandatory AML courses as determined from time to time.
  • To ensure timely reporting to FIUIND and liaise with FIUIND in case of any delays.
  • To ensure that the customer risk profiling is done as per the policy and rules framed thereunder.
  • To ensure timely submission of all relevant information as per queries received from regulators / LEA like RBI / SEBI / FIUIND / Police etc. under statutory obligations.
  • To handle queries received from branches / other departments or external agencies / institutions and arrange for addressing the queries / investigation.
  • Ensure that relevant data / records as may be required for future reference (including evidences for internal or external bodies) are captured.

Other tasks / roles

  • To maintain task tracker for self and team plan prioritize and regularly monitor important & priority assignments and track progress.
  • Provide guidance direction and all necessary support to Junior AML Officers.
  • Any other task as assigned by Team Leader / Unit Head from time to time.

Educational Qualifications:

  • Graduation/postgraduation
  • Any other qualification related to AML area (preferable)

Key Skills (examples listed below)

  • Banking Product Process & Regulatory Knowledge
  • Planning and Organizing Skills
  • Communication & Team Management
  • Knowledge of Current trends in AML industry.

Experience Required (examples listed below)

  • Should have minimum 45 years of banking experience
  • Should have sound knowledge on KYC/AML procedures
  • Should have analytical and investigative abilities
  • IIBF certifications (desirable)

Major Stakeholders (intra team and cross functional stakeholders who would need to be interacted with for discharging duties)

  • Branch Banking Team
  • Operation Teams
  • Product Teams
  • BTG and Technology Teams
  • Internal Audit and Compliance Teams

AML,AML Compliance,STR,Suspicious Transaction Reporting,Fraud Investigation,Red Flag,Alert Generation

Employment Type

Full Time

Company Industry

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