AML/KYC Specialist

Job Description

*Legal, Compliance & Secretariat ensures that the banks interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.Job Purpose Assist management in effective handling of AML/KYC related matters, ensure timely review and update policies related AML/KYC in line with guidance from RBI. Be a focal point of contact to BU units for AML/KYC related queries.Key Accountabilities: Work closely with stakeholders on AML /KYC /Sanctions related items Work closely with stakeholders including operations, business, compliance, legal, audit and other units on AML / KYC related itemsProviding support / Assistance for other AML /KYC requirements Providing support on various requirements like updation of watch lists / caution lists, filing of regulatory reports (STR/CTR/NTR/FMR reporting)etc Assistance to other adhoc AML/KYC related activitiesRegulatory Reporting Ensure compliance with all the KYC related regulatory reporting as per RBIAudit & Compliance Assist the department in audit / compliance related activities. Ensure compliance to all policies and procedures laid down by the bank Job Duties and Responsibilities: 1. Ensure gap analysis and compliance to Group guidelines seek deviation if any 2. Act as an advisory role to BU for AML / KYC / Name screening related queries 3. Handle Regulatory, Internal & Concurrent audit 4. Ensure timely approvals to BU on onboarding / continuation of high-risk customer 5. Support business teams in various digital initiatives and also provide appropriate support in terms of finding innovative solutions to challenges keeping in mind the need for ensuring compliance to guidelines and internal policies of the bank Acquire 6. Support BUs in customer acquisition projects by providing timely and relevant guidance around aspects related to financial crime policies Engage Support BUs in customer engagement projects 7. Responsible for drafting and circulating banks AML/KYC policy in line with RBI Master direction 8. Timely review and refresh India specific process notes/ policies by including the recent changes and guiding the team(s) on the new changes 9. Ensuring regulatory compliance in line with FIU directives and RBI KYC master directions 10. Encourage drive and formulate process improvement ideas projects in the unit resulting productivity improvements 11. Driving regional and in country automation processes related Transaction monitoring and AML/TFExperience 8-10 years of experience in AML / KYC/ Compliance monitoring / Regulatory Reporting, Good analytical and communication skillsEducation/Preferred Qualifications Post Graduate/ CA Certifications in AML /KYC / Compliance Monitoring Certifications if any ACAMS, IIBF, JAIIB, CAIIBCore Competencies Strong analytical and decision making skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling, Effective communication skills, Industry connectTechnical Competencies Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS Powerpoint.Work RelationshipAble to work closely with team members within FCSS & Legal Compliance unit Ability to work closely with stakeholders including business, operations and other units to manage KYC / AML risks effectively Ability to communicate effectively and should possess good presentation skills,

Keyskills :
due diligencekycamlbankingriskcrime prevention through environmental designeffective communication skillsms accessfocal pointgap analysisteam handling