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RMG
Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure
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 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 (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 skills
Education/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-AML
Core 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 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 (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
Primary Location: India-Maharashtra-Mumbai
Other Locations: India
Job: Compliance
Schedule: Regular
Employee Status:
Full-time
:
Job Posting: Apr 20, 2022, 7:14:13 AM
