Duties and Responsibilities include but are not limited to the following:
Pre-Transaction Monitoring
- Pre-Transaction Monitoring
- Querying with the clients, for the necessary documents as proof of actual trade for which payments are uploaded.
- Execution of Inward/Outward payments with proper Web Due Diligence on Remitter and Beneficiary (Consignee if involved)
- Coverage of full range of AML activities from Transaction Monitoring to Investigations
- Performing background screening checks on associated parties for the outward/inward payments processing using, Lexis Nexis, Ofac sanction list etc.
- Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends
- PEP and Sanction list screening - Screen individuals and entities against global sanction lists issued by OFAC, UN and other international and domestic government agencies
- Ensure efficient identification and monitoring of suspicious activities and transactions.
Client On-Boarding
- Coordinate the end-to-end onboarding of recent clients, ensuring a smooth transition from sales to active account status.
- Collect, review, and verify all required Know Your Customer (KYC) and Anti-Money Laundering (AML) documentation in accordance with regulatory requirements.
- Ensure accurate data entry and maintenance of client records in our system
- Liaise with internal teams (AML/CFT Compliance Risk,) to resolve documentation or approval delays and ensure timely activation of client accounts.
- Act as the main point of contact for new clients during the onboarding phase, providing timely updates and managing expectations.
- Prepare onboarding packs and ensure all agreements and service-level documents are properly signed and stored.
- Continuously assess the onboarding process for inefficiencies or risk exposures and suggest improvements.
- Maintain strong knowledge of applicable financial r