Transaction Monitoring Analyst
Year Mumbai, Maharashtra, India
Job Description
:Role/ Job Title: Transaction Monitoring AnalystFunction/ Department: ComplianceJob Purpose: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.Roles & Responsibilities:
- 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 scenario 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
- 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
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Job Detail
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Job IdJD3350510
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationMumbai, Maharashtra, India
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EducationNot mentioned
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ExperienceYear