Purpose of the Job The incumbent will be responsible to ensure that Bank complies with AML regulations and provides necessary support to the Compliance function in monitoring of transactions.
Deliverables
1. Closure of alerts with respect to AML
2. Recommending STRs on cases fit for STR filing
3. To do various transaction monitoring activities
4. Preparation and Updation of data for FIU reporting
5. Suggesting AML process improvement plans to eliminate gaps
6. Ensuring that the Bank complies with FIU/RBI regulations
Demonstrate
- Result-oriented with ability to complete tasks within the timelines defined by the Regulator
- In-depth knowledge on PMLA including FINGate
- Analytical and problem solving abilities
- Excellent communication skills
- Hands on MS-Excel; SQL would be an added advantage
Decision Level
1. Closure and Recommendations on AML alerts
2. Conduct trainings on RBI Compliances
3. Process Improvement Plans
4. Reporting and presentations on non- compliances
5. Documentation on AML procedures
6. Coordinate with other Control functions
Education
- Post Graduate preferably in Banking related courses