Website:
yes.bank.in
Job details:
Reporting to Anti Money Laundering – Team Leads
Objective The incumbent would be responsible for monitoring and analyzing the transactions to identify potential money laundering activities
Responsibilities
- The job will involve a comprehensive review of Cross Border Trade Based AML alerts in the team.
- This would involve review of customer profile, transaction pattern, financials, transaction documents & ancillary information obtained through public and private sources to identify potential money laundering activities.
- The job will also entail taking such cases to logical closure including filing of STR with FIU.
- The job holder would need to have coverage of full spectrum of AML activities from Transaction Monitoring to Investigations.
Essential competencies
- Working knowledge of FEMA guidelines relating to Import /Export / Misc Cross Border Trade transactions
- Knowledge and Understanding of Banking Regulations and Laws governing AML/KYC including FATF requirements.
- Responsible for monitoring customer account activity using banks monitoring tools including AMLOCK.
- Investigate any unusual matters escalated by business or identified through triggered event and where appropriate make a necessary recommendation to file STR.
- Manage any AML relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses etc.
Qualifications And Relevant
experience a)Knowledge of PMLA, RBI regulations,FATF guidelines etc. b) FEMA knowledge of Import /Export / Misc Cross Border Trade transactions c)Experience in AML or audit function d)Experience in monitoring framework- AML/Audit/ Fraud risk
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