Specialist, Anti-Money Laundering Advisory

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 (In a brief, specific one or two-sentence statement, answer the questions: Why does this position exist and What is it expected to accomplish ) Effective monitoring of alerts generated as part of the KYC / AML Surveillance process. Work closely with stakeholders to ensure appropriate monitoring and reporting and also assist in overall management of KYC / AML related processesKey Accountabilities: AML Alert / Surveillance: Timely monitoring of alerts generated by AML monitoring system (Transaction Surveillance) in line with the internal policies of the bank. Review / Analyze the alert and ensure timely and effective disposition of the alerts. 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 Strong understanding of filing regulatory reportings viz. STR s, CTR, NTR, CWTR.Audit & 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. Timely monitoring of alerts generated by AML monitoring system (Transaction Surveillance) in line with the internal policies of the bank. 2. Review / Analyze the alert and ensure timely and effective disposition of the alerts. 3. Prepare the GoS for filing of STR s 4. Regulatory Reportings like STR, CTR, NTR, CWTR 5. Preparation of MIS for Trend Analysis, Escalation, Review, etc 6. Any job assigned pertaining to the unit 7. Giving advisory on Sanction and KYC matters to BU/SU 8. Preparing adhoc presentations or MIS as per management routine9. Experience (Indicate nature and extent of work experience including number of years required, if applicable.) 4-6 years of experience in AML / compliance monitoring / Regulatory Reporting Good analytical and communication skillsEducation/Preferred Qualifications (List the minimum and preferred qualifications required to perform all essential functions, including field of study) Graduate/ Post Graduate and post qualification experience in AML /KYC / Compliance Monitoring Certifications if any JAIIB, CAIIB, any certifications on KYC-AMLCore Competencies (State the qualities, skills, behaviors and attitudes that the incumbent must possess in order to perform the responsibilities of this position.) Strong analytical and surveillance skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handlingTechnical Competencies (List the technical knowledge and skills required for this position.) Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS Powerpoint.Work Relationship (State the essential working relationships with superiors, peers and subordinates as well as external parties which will contribute directly to the successful accomplishment of this job.) Able 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 :
crime prevention through environmental designms accessdue diligencetrend analysislegal compliancebusiness bankingproject management