Job Purpose:
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 processes
Key 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 items
- Providing 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 activities
- Regulatory 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:
- 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.
- Prepare the GoS for filing of STR’s
- Regulatory Reportings like STR, CTR, NTR, CWTR
- Preparation of MIS for Trend Analysis, Escalation, Review, etc
- Any job assigned pertaining to the unit
- Giving advisory on Sanction and KYC matters to BU/SU
- Preparing adhoc presentations or MIS as per management routine.
Experience:
4-6 years of experience in AML / compliance monitoring / Regulatory Reporting
Good analytical and communication skills
Education/Preferred Qualifications:
Graduate/ Post Graduate and post qualification experience in AML /KYC / Compliance Monitoring
Certifications if any – JAIIB, CAIIB, any certifications on KYC-AML
Core Competencies:
- Strong analytical and surveillance skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling
- Technical 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:
- 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