Sr Analyst AML Compliance

Job Responsibilities(JR) :

Alert Monitoring -

• To review alerts generated by the various AML systems.
• To analyze transactions vis-a-vis the customer profile to ascertain if the transactions pose any potential money laundering suspicion.
• Carry out enhanced due diligence (including media search) for cases found to be suspicious as per initial review.
• To liaise with branches operations product teams for clarifications on the alerts and/or report-based monitoring.
• To update in the AML system and/or maintain records with reasonably non-arbitrary justification for closure of non-suspicious alerts transactions
• Ensure that the data records referred during analysis closure of alerts and transaction monitoring are captured either in physical or softcopy for all future reference (including evidence for any future investigation by internal or external bodies)

STR Reporting-

• To ensure timely review of alerts converted to cases, framing of Ground of Suspicion (GOS) and submission of cases to Team Leader for further review and recommendation
• To liaise with branches operations product teams for completion of ground of suspicion to report STR
• To report suspicious transactions to FIU-IND through the Suspicious Transaction Reporting (STR) process
• To update STR reporting in the AML system and/or maintain records

Regulatory requirements, reporting and queries (specific areas as assigned)-

• To keep self, updated with all regulatory guidelines and key developments in AML domain and appear for mandatory AML courses as determined from time to time
• To coordinate with the various teams and ensure timely receipt of data from various teams for regulatory reporting queries.
• To ensure that the customer risk profiling is done as per the policy and rules framed thereunder
• To arrange and collect all relevant information as per queries received from regulators LEA like RBI SEBI FIU-IND Police or any other agency under statutory obligations

Adverse Media Scanning-

• To read newspaper internet for current affairs related to individuals entities involved in criminal or money laundering or terrorist activities and trigger caution if any of these individuals entities are customer of the bank
• To carry out media search on for cases found to be suspicious as per initial review (as a part of EDD)

Other tasks roles-

• Adherence to the TATs defined in the unit
• maintain task tracker for self. plan, prioritize and regularly monitor important & priority assignments and track progress
• Any other task as assigned by Team Leader Unit Head from time to timesibilities