Skill required: Transaction risk management - Anti-Money Laundering (AML)
Designation: Banking Operations Senior Analyst
Job Location: Gurugram
Years of Experience: 5 to 8 yearsWhat would you do?
To perform transaction monitoring investigation on cases escalated by the upstream process so as to determine and escalate / report any suspicious activity related to money laundering or terrorism financing and provide SME support. You will be working as a part of the Transaction risk management team which focuses on reviewing potential fraudulent/high-risk transactions and take necessary action on customer accounts as per defined client policy. The team screens KYC documents as applicable and determines the authenticity of the customer profile while also investigating fraud claims from customers and take required actions on customer accounts as per client policies. The Anti Money Laundering team focuses on articulating the business requirements and implement the process and system controls required to prevent moving illegally acquired cash through an organization's financial systems. The role requires a good understanding of anti-money laundry laws and regulations, client on-boarding, sanction screening, remediation, periodical reviews, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD). Ability to understand Complex Regulatory and Compliance requirements within the retail banking space. Transaction Monitoring experience and good knowledge of financial crime compliance within the global banking sector Analytically sound to take decisions on whether an alert should be escalated for further investigation or close if further review is not warranted. Sound knowledge required in Banking Laws and requirements like BSA/AML/KYC
What are we looking for?Ability to understand Complex legal entities and transactions between similar counterparties and be able to judge whether the transaction is suspicious. Experience of working on systems like Actimize, Lexis Nexis, Adverse Media interpretation Knowledge of banking products like Insurance, Annuities, Mortgages, loans, credit cards etc. General awareness about money laundering trends and terrorism financing Knowledge of regulations like banking secrecy act, USA Patriot Act, OFAC regulations, FinCEN (financial crimes enforcement network) etc.