Job role – Team Member –AML Cell – Compliance

As an Anti-Money Laundering (AML) team member you would be responsible for
identifying and monitoring transactions in the accounts as per the PMLA
provisions, KYC/AML/CFT guidelines issued by RBI from time to time. The role
involves other key activities like:

* Analysis of red flags / alerts generated by AML system to identify potential
suspicious activity.
* Analysis of unusual pattern of transactions based on various scenario defined
in the system
* Forward AML alerts to branches/respective businesses for carrying out
enhanced due diligence and follow-up for ultimate closure of the alerts
* Timely reporting of suspicious transactions and execution of instructions
from law enforcement agencies
* Updation of names in negative database as and when applicable
* Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within
prescribed time frame.
* Maintain current understanding of money laundering/ terrorist financing
issues including processes,



policies, procedures, regulations and developing
trends.
* Assist in identifying systemic procedural weakness and additional training
requirements/ process revisit if any.

Job Requirements –

* Graduate / Post Graduate with at least three years of Banking experience
* Well versed with functioning of Core Banking System
* Familiar in working on Microsoft office mainly “Excel”. Possessing “V-lookup”
skills will be added advantage
* Positive communication skills (spoken and written)
* Analytical skills with regard to monitoring of transactions, identification
of unusual transactions with an eye for detail will be an added advantage
* Should keep himself / herself conversant with the current developments
related to KYC / AML / CFT monitoring
* Additional qualification / certification in AML would be preferred.

📌 Team Member (Mumbai)
🏢 Kotak
📍 Mumbai