Team Member Aml Support Services Compliance

Year    Mumbai, Maharashtra, India

Job Description


As a Trade Based Money Laundering (TBML) 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 and FEMA regulations. The role involves other key activities like:

  • Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
  • Analysis of reports related to cross border remittances to identify suspicious activity.
  • Analysis of unusual pattern of transactions based on various senario defined in the system
  • Forward AML alerts to branches 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
  • Maintain current understanding of money laundering/ Trade based 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 \xe2\x80\x93
  • Graduate / Post Graduate with at least three years of Banking experience
  • Well versed with functioning of Core Banking System ( in addition TI Plus knowledge would be preferred)
  • Familiar in working on Microsoft office mainly \xe2\x80\x9cExcel\xe2\x80\x9d . Possessing \xe2\x80\x9cV-lookup\xe2\x80\x9d 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
  • Understanding/experience about cross border remittances / trade transactions would be preferred
  • Additional qualification / certification in AML would be preferred.




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Job Detail

  • Job Id
    JD3211446
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Mumbai, Maharashtra, India
  • Education
    Not mentioned
  • Experience
    Year