Roles The Analyst leads complex investigations of alerted wire transactions arising from the bank's correspondent banking relationships, providing subject-matter expertise on correspondent banking risk typologies. This role requires prior hands-on experience specifically in correspondent banking transaction monitoring, and involves mentoring junior analysts, quality review of cases, and direct engagement with escalations, SAR/STR decisioning, and regulatory examinations.

Key Responsibilities:-

- Independently review, investigate, and disposition complex/high-risk wire transaction alerts specific to correspondent banking relationships (nostro/vostro, payable-through accounts, nested relationships).
- Perform enhanced due diligence (EDD) on respondent banks, underlying originators/beneficiaries, and higher-risk jurisdictions.
- Understanding of KYC, CDD, EDD, Sanctions, negative media & PEP checks to verify customer identities and assess risk profiles.
- Assess transactions involving high-risk jurisdictions, nested banking, structuring, round-dollar payments, and other correspondent banking red flags.
- Identify and analyse correspondent banking-specific red flags (nesting, transaction layering, unusual cover payment patterns, sanctions evasion, trade-based money laundering indicators).
- Make final recommendations on SAR/STR filing and prepare filing narratives where required.
- Prepare clear, concise, and well-supported case narratives documenting investigation findings, rationale for closure or escalation, and recommendations for suspicious activity reporting where required.
- Conduct quality assurance review of alerts cleared by Analysts to ensure completeness, accuracy, and regulatory defensibility.
- Act as an escalation point for complex or ambiguous alerts and provide guidance to junior team members.
- Liaise directly with Correspondent Banking Relationship Managers, Sanctions team, Legal, and Compliance on high-risk cases.
- Support internal audits, regulatory examinations,



and independent testing by providing case rationale and evidentiary documentation.
- Assist in tuning transaction monitoring scenarios/rules specific to correspondent banking risk based on emerging typologies.
- Train and mentor new Analysts on correspondent banking TM processes and typologies.
- Track industry developments, regulatory guidance (e.g., Wolfsberg Group, FATF), and sanctions updates relevant to correspondent banking.
- Support quality control activities and address feedback, rework, and process-related queries.
- Act as a subject matter expert (SME) for process-related queries.
- Support management during audits, client reviews, and regulatory examinations.
- Drive adherence to operational controls, policies, and procedures.
- Assist in achieving team productivity, quality, and client service goals.

Required Qualification & Experience

- Bachelor's degree and relevant AML/Financial Crime experience (Master's degree or relevant certification is a plus).
- 4-7 years of overall Transaction Monitoring experience, including a minimum of 2-3 years of direct experience in correspondent banking transaction monitoring (nostro/vostro alert review, respondent bank due diligence).
- Proven experience handling SAR/STR preparation and filing.
- Professional certifications such as CAMS, CFE, or other relevant financial crime compliance certifications are preferred.
- Act as a subject matter expert (SME) for process-related queries.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities and meet strict deadlines.
- Experience with AML systems such as Actimize, Mantas, or similar platforms is preferred.

Skills & Competencies:-

- Good understanding of AML, KYC, Sanctions, and Financial Crime regulations
- Knowledge of correspondent banking payment flows.
- Strong analytical and investigative skills.
- Ability to identify and assess financial crime red flags.
- Excellent written and verbal communication skills.
- Robust attention to detail and decision-making abilities.
- Ability to work independently and manage competing priorities
- High level of judgment and decision-making capability in ambiguous, high-risk scenarios.

📌 Associate Analyst/Senior Analyst- Correspondent Banking (Greater Noida)
🏢 AML RightSource
📍 Greater Noida