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Accenture

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3.9

based on 53.1k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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27036 Accenture Jobs

Banking Operations Associate Manager - Financial Services

Accenture Solutions Pvt Ltd

3.9

based on 53.1k Reviews

10-14 years

Gurgaon / Gurugram

Banking Operations Associate Manager - Financial Services

Accenture

posted 1d ago

Job Role Insights

Flexible timing

Key skills for the job

Finance Investment Banking Banking Operations KYC Credit Analysis Relationship Management

+ 9 more

Job Description

Skill required:Transaction risk management - Anti-Money Laundering (AML)
Designation:Banking Operations Associate Manager
Job Location:Gurugram
Qualifications:BE
Years of Experience:10 to 14 years
What would you do?

You will be aligned to our Financial Services, banking, Insurance, and Capital Market vertical which is focused on helping clients with their tax preparations, insurance coverage, and investment portfolios.

Regulatory and AML knowledge a sound understanding of the legislation, regulation and codes of practice applicable in relevant jurisdiction, covering a variety of topics.

An intimate knowledge and understanding of the organization's products and services, typical client profile, including their laundering vulnerabilities.

Investigative skills the ability to research and analyze complex business and regulatory issues is a critical compliance skill, especially when carrying out monitoring and risk assessment reviews.

Strong analytical skills with the ability to make logical and reasoned decisions, problem solving and decision-making skills to effectively resolve complex issues.

Business awareness and pragmatism a good understanding of the market and business in which the company operate, lead to practical solutions being developed and helps to achieve the bank's strategic objectives.

Integrity and con The Anti Money Laundering team focuses on articulating the business requirements and implement the process and system controls required to prevent moving illegally acquired cash through an organization's financial systems. The role requires a good understanding of anti-money laundry laws and regulations, client on-boarding, sanction screening, remediation, periodical reviews, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD). What are we looking for?

Bachelor's degree / master's degree / MBA in banking (financial institutions), economics, or law

Certified Professional with international recognition in some of the following areas:oAnti-Money Laundering (AML) and Combating Terrorist Financing (CTF) oCustomer Identification, Customer Risk Profiling and Monitoring oInternational Sanctions oSuspicious Activity / Suspicious Transaction Reporting and dealing with the authorities.

Financial Crime Compliance - banking experience minimum 10 years, out of which minimum 5 year in AML managerial role (preferably approved by the Central Bank).

Retail Banking Account Operations

Taking the necessary actions to properly close any TMU and SAR/STR escalation audit observations or, were dependent on other units, systems or resources.

Aiding and full support to the Group Compliance in ad-hoc Compliance projects and investigations

Utilizing resources in an agile manner to achieve the best efficiency and the desired outcome

Certifications like CAMS, CAMI shall be an added advantage Roles and Responsibilities

Perform additional internal money laundering investigations where unusual & potentially suspicious activity was identified through bank's account monitoring systems.

Perform special investigation on sensitive relationships and adhoc projects.

Provide feedback on the rationale and appropriateness of the Detection Scenario rules in order to ensure transaction monitoring systems are properly calibrated to identify higher risk transactions and reduce false positives.

Perform relevant quantitative and qualitative reviews on all TM activities.

Enhance compliance investigators awareness by sharing periodical errors trends and patterns, personalized per unit and specific activity.

Building a strong STR/SAR escalation team with the required skills to support Business and Compliance initiatives.

Ongoing development of the STR/SAR escalation team and providing adequate training and guidance to the team.

Ensuring the AML compliance Team meets internal service standards and appropriate turn-around times with CBUAE and business.

Create and managing the BAU and Project activities within Budget and ensuring that the actual expenditure/ costs are monitored and recorded.

Ensure that any deviations or risk of over expenditure is highlighted well in advance.

Review the existing AML Compliance framework, procedures and guidelines on an ongoing basis and make relevant proposals to update procedures and guidelines if/ when required.

Endeavor to continuously improve the AML framework for the proper identification, management, monitoring, and reporting of related TMU and SAR risks and issues.

Assist and guide TMU Compliance unit to implement proper standards and to ensure the group maintains best in class AML transaction monitoring practices.

Conduct AML oversight of the business activities to identify any key risks, trends, and typologies.

Ensuring awareness and training of staff regarding AML compliance requirements, risks, and controls.

Providing input, guidance, and recommendations on AML compliance subjects to be included in training.

Create and implement the annual Training Plan for TM units, in line with regulatory requirement.

Being the primary point of contact for audit of the AML/TMU and SAR escalation function and providing the necessary cooperation and input during the audit mission

Raising / highlighting any concerns, observations and propose solutions to senior management to enable proactive decision making at a senior level.

Providing the necessary progress updates around addressing AML Compliance audit observations to ensure timelines are met and the appropriate updates are given to senior management.0

Employment Type: Full Time, Permanent

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What people at Accenture are saying

3.9

Rating based on 25 Banking Operations Associate reviews

Anonymous · Operations in Chennai

Likes

I have been working in Accenture (non IT) for almost 4 years. Its a good place when you get good colleagues and not more.Some managers are helpful,you can enjoy when the project goes smoothly.They provide 2 ways cabs for everyone. It's good to the people who got into Accenture with experience.

Dislikes

1. You gonna work alot but can't earn when you joined as a fresher , base pay is too low around 11k take home and basic hike will be 5 - 10% sometime 0% 2. If you are in pilot process you will die as the lead will pressure you. 3. They gonna give shift like anything, rotational, early morning, night and *no shift allowance at all* 4...Read More

Read 25 reviews