Job Description

Job description Business: Transaction Monitoring Ops Open positions: 1 Role Title : TM ANALYST L1 and L2, GSC\'s Global Career Band: 8 Location: Bangalore Recruiter Name: Jaisey Joseph Why join us To monitor the transaction activity of RBWM, CMB Credit Card clients for identifying or detecting unusual or Anomalous behavior. The Opportunity: The primary role of the Transaction Monitoring Executive is to rapidly disposition alerts via a preliminary review to filter alerts that can readily be negated (i.e. obviously show no signs of anomalous behavior).The Analyst seeks to validate the usefulness of the alert and utilizing all the available sources both internal and external to establish whether the anomalous behavior can be allayed. If it can, the alert will be closed, if not the alert will be passed to a Level 2 for detailed investigation. The findings must be summarized in a clear and concise manner with evidences and thus ensuring that the work is completed in accordance with established procedures and standards. What you\'ll do: Review the alerts generated by TM systems and ensure the anomalous activities are escalated appropriately in accordance with regulatory requirements where appropriate. Pro-actively gather intelligence from media reports and appropriate websites to identify customers of HSBC involved in crime/ML/terrorism etc. Build on their knowledge of latest Anti Money laundering trends Using the systems available to review the authenticity of the transaction within each alert i.e. check the principal activities of the customer to ensuring trading patterns or transactional activities are not unusual If found unusual, eg. Transaction is out of line with the client\'s normal business activity to date, to enquire into the same. Document rationale for actions taken when investigating alerts. Adhere to the process requirements in accordance with established procedures and set standards Complete assigned tasks independently in the established timeframe as per the process benchmarks Achieve the levels of productivity and quality as per the standards, agreed for the process All data requirements (timesheets and process information) is accurately updated in a timely manner By adhering to all relevant processes/procedures and by liaising with Compliance department through Line management about new business initiatives at the earliest opportunity Issues / problems are effectively investigated and resolved or are appropriately referred with recommendations to the Line Manager. Customers (External/ Internal) Liaising with other areas of the bank like Onshore Business Partners, Compliance department, Relationship Managers etc in accordance with the requirements of AML procedures Ensure that all work is delivered within agreed timeframes and meets the required high quality standard Demonstrate ways to improve customer service and increase productivity. Provide accurate and valid referrals to the respective Level 2. Acquire and share best practices relating to procedures / latest Anti Money Laundering trends to relevant processes / contingent sites. The staff needs to share his opinions / experiences on cases with the team so as to impart a better insight for reasoned judgment. Support projects on increasing awareness of Anti Money Laundering across the section. Work with the team to achieve completion of AML transaction report within agreed timelines. Take necessary actions to mitigate the likelihood of any operational risk occurring. Address any areas of concern in conjunction with line management and/or the appropriate department. Continuously assess the operational risks inherent in the business, taking in account the changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings and the impact of new technology Requirements What you will need to succeed in the role: Understanding of the prime key areas such as : Systems, policies, procedures and Country specific regulations General Anti Money Laundering Policy SANCTIONS - Office of Foreign Assets Control (OFAC) and other applicable countries & organizations. Financial Crime Compliance Risk Model (FCCRM) Money Laundering Red Flags/Schemes/Trends Special Categories of Clients (SCC) / Politically Exposed People (PEPs) / Group High Risk (GHR) Customers Responsible for creating and preparing detailed reports about the subject in question based on analysis and evidences gathered post research. Domestic and internal payment concepts and risk around them What additional skills will be good to have Experience 1-2 years\' experience Work experience in compliance / anti-money laundering environment would be advantageous. Knowledge Knowledge of various Banking/Financial Products such as Global Markets & Treasury Product (Money Markets forex, etc.), Correspondent Banking, and different types of banks accounts, mortgages etc. A good understanding of regulatory requirements i.e. Anti-Money Laundering/Sanction/KYC Political, Social and Economic knowledge of countries that are major players in the global economy Skills Ability to speak and understand English fluently. Ability to write business letters and reports Analytical Reasoning and logical approach Ability to understand and interpret numeric data. Flexibility to work shifts. Ability to work under pressure Ability to build rapport with people. Ability to maintain focus while working with voluminous data. Ability to handle varied responsibilities. Investigative skills Ability to make a reasoned judgment from all the facts available as to whether activity on an account warrants suspicion ofcriminal activity You\'ll achieve more at HSBC HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.\' Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. ...Issued By HSBC Electronic Data Processing (India) Private LTD...

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