Team Member Aml Support Services Compliance

Year    Mumbai, Maharashtra, India

Job Description


:Job role - Team Member -AML Cell - ComplianceAs 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 three years of Banking experience
  • Well versed with functioning of Core Banking System
  • 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
  • Additional qualification / certification in AML would be preferred.

Kotak Mahindra Bank

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Job Detail

  • Job Id
    JD3440331
  • 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