Aml Officer

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 RBI regulations and provides necessary support to the Compliance function.

Demonstrate

• Team player and result-oriented
• In-depth knowledge on PMLA
• Analytical and problem solving abilities
• Excellent communication skills
• Hands on MS-Excel; SQL would be an added advantage

Decision Level

Prime: Final Decision Making authority, accountable to the Management

1) Closure of AML alerts

2) Conduct trainings on RBI Compliances

3) Process Improvement Plans

4) Reporting and presentations on non- compliances

Shared: Decisions reached jointly with peers on a collective basis

1) Documentation on AML procedures

2) Coordinate with internal auditor

Contributory: Makes a major contribution to a decision or policy judgment reached by others

1) Guidance to staff and various team members on AML related issues.

Educational Level

• Post Graduate preferably in Banking related courses