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