The AML Client Screening team within CRSa Operations is responsible for performing following functions:
- Ã Negative News Screening [NNS] - the process of screening clients, their directors & beneficial owners against news media articles / politically exposed person (PEP) lists on regular basis to negate any potential AML / franchise risk associated with doing business with them
- Ã Enhanced Due Diligence [EDD] - the process where accounts identified as high risk are subject to the EDD process. An analyst conducts further research on the client to better assess the risks. Periodic Review is conducted on an ongoing basis to make sure that we are meeting regulatory requirements
- Ã Client sanctions screening - the process to identify whether a recipient or other entity associated with a payment is prohibited under trade or economic sanctions from receiving or otherwise being involved in payments, and / or may pose money laundering or any related risk to the firm.
Performance of detailed Enhanced Due diligence [EDD] reviews utilizing available tools, various third-party and internal databases
Identify and review client accounts for potential matches to designated sanctions targets and prohibited persons lists
Identify, communicate and remediate process breakdowns and best practices.
Ensure that the alerts processed are accurate and completed within the specified time period.
Need to step up / act as back-up in absence of Team Manager.
Prioritize and proactively manage own workflow to ensure departmental service standards are achieved.
Participate in team meetings.
Preparing the monthly MIS and presenting it to the Regional Stakeholders
Recommend enhancements to AML policies or procedures to ensure continuous improvement to overall AML or Screening processes.
Up to 5 years of Corporate Intelligence, due diligence, and/or Operations experience in the financial or professional services industries preferred
Bachelor's degree from an accredited college / university
Strong interpersonal and verbal communication skills with the ability to apply sound reasoning when delivering services
Problem solving skills
Ability to work as part of a team and adapt to the needs of the team as they arise
Good understanding MS Office product suite [MS Word, PowerPoint and Excel]
AML experience, client reference data, or client documentation review
Other Required Skills:
Flexibility and adaptability
Attention to detail
Planning & coordinating
Perks and BenefitsAttractive
Salary: INR 3,75,000 - 6,50,000 PA.
Employment Type:Full Time, Permanent
Desired Candidate Profile
Russell Tobin Associates Staffing Solutions India Pvt Ltd
Contact Company:Russell Tobin Associates Staffing Solutions India Pvt Ltd