Black And White Business Solutions is actively seeking a highly skilled Senior Process Executive with expertise in AML (Anti-Money Laundering) and KYC (Know Your Customer) processes, specifically within Fraud Detection. The ideal candidate will possess a strong background in the BFSI domain and a keen eye for detail, contributing significantly to our financial crime prevention efforts. You will be responsible for meticulously reviewing transactions, conducting due diligence, and identifying suspicious activities to ensure regulatory compliance and safeguard against financial crime.
Must-Have Skills
- AML Transaction Monitoring: Expertise in monitoring and analyzing customer transactions to identify unusual patterns or behaviors indicative of potential money laundering or other illicit financial activities.
- KYC Due Diligence (CDD/EDD): Strong understanding and practical experience in conducting Customer Due Diligence (CDD) for standard risk profiles and Enhanced Due Diligence (EDD) for higher-risk individuals or entities, involving in-depth background checks and verification.
- Compliance Screening: Proficiency in screening customers and transactions against various sanctions lists, watchlists, and Politically Exposed Persons (PEP) databases to identify potential risks.
- Regulatory Knowledge (BSA/USAPA): Solid understanding of key anti-money laundering regulations, particularly the Bank Secrecy Act (BSA) and potentially the USA PATRIOT Act, and their implications for financial institutions.
- Strong Research & Documentation: Excellent ability to conduct thorough research using various internal and external tools, synthesize complex information, and maintain clear, comprehensive, and audit-ready documentation for all investigations and findings.
- Fraud Detection: Demonstrated capability to identify, investigate, and mitigate various types of financial fraud, recognizing red flags and suspicious indicators.
Note: Experience in the BFSI domain is a must. Preference for candidates with dedicated AML/KYC exposure.
Roles and Responsibilities
- Review and analyze AML Transaction Monitoring, Screening, and KYC Due Diligence processes, ensuring adherence to established policies and regulatory requirements.
- Conduct CDD/EDD for a diverse range of clients, including Institutional, Retail, and SME clients, across various banking domains such as Investment Banking, Commercial Banking, and Retail Banking.
- Perform essential customer lifecycle management tasks, including initial customer onboarding, periodic reviews of existing customer profiles, remediation of identified deficiencies, and data refresh tasks to ensure ongoing compliance.
- Independently research and analyze discrepancies or anomalies discovered during monitoring or due diligence, and formulate well-reasoned recommendations for their resolution.
- Maintain well-documented case files, ensuring that all investigations, findings, and decisions are accurately recorded and readily available for audit purposes.
- Liaise effectively with internal stakeholders, including compliance, legal, and business units, to ensure the timely closure of cases and implementation of necessary actions.
- Stay continuously updated with the latest compliance standards and evolving financial crime regulations, adapting processes and knowledge as required.
- Investigate suspicious financial transactions and red flags that may indicate potential fraud, money laundering, or other illicit activities.
- Utilize internal and third-party tools to effectively trace, document, and analyze complex transaction patterns and identify underlying criminal schemes.
- Escalate confirmed fraud cases for appropriate regulatory filing, such as Suspicious Activity Reports (SARs), or for internal disciplinary action, ensuring adherence to legal and organizational protocols.
Qualification
- Any Graduate (Relevant certifications in AML/KYC preferred)
CTC Range
Notice Period
Contact: HR Deekshitha Staffing Analyst Black and White Business Solutions Pvt Ltd Bangalore, Karnataka, INDIA. Direct Number: 8067432458 | Email: [Confidential Information] | Website: www.blackwhite.in
