Job Description

Compliance : AML Reporting and Process Improvements-Team Lead
INTERNAL USAGE:
No. of Vacancies: Reports to:
Is a Team leader Team Size:

Grade: Senior Manager - AVP
Business: Corporate Centre Department: Compliance Sub-Department: Compliance
Location: Mumbai
About Compliance
The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc. and also the Banks internal policies and fair practice code
AbouttheRole




The AML Reporting and Process Improvements team is responsible for AML regulatory reporting, AML Process improvements, managing AML Audits, Risk Categorization, Process documentation, Risk and Control Matrix.
Key Responsibilities
Responsible for framing of rules/logic/thresholds for AML scenarios or AML transaction monitoring scenarios.

Ensure screening of names / remittance transactions against negative list as per legal / regulatory requirements.

Responsible for risk categorization of customers - onboarding and periodic risk.

Responsible for formulation of rules for name screening in RAMP application and optimization of rules for reduction of false positives.

Prepare appropriate responses for regulators and law enforcement agencies, board notes for senior management.

Understand and interpretate AML/ KYC policies and processes.

Handle internal / external audit assesements on AML.

Draft Standard Operating Procedures, Country Risk from

📌 Compliance:AML Reporting and Process Improvements (Mumbai)
🏢 Axis Bank
📍 Mumbai