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Senior Process Associate
3-7 years
₹ 3 - 4.25L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Thiruvananthapuram
1 vacancy
Senior Process Associate
Guidehouse
posted 1d ago
Job Role Insights
Fixed timing
Key skills for the job
Job Description
- Investigates suspicious activity as required under the Bank Secrecy Act and USA PATRIOT Act, focusing on counterfeit and fraudulent check activity, suspicious lockbox activity, and related AML/BSA issues.
- Responsible for the drafting of Suspicious Activity Reports (SARs), documenting decisions not to file SARs, and editing colleagues SAR submissions.
- Research and analyses account activity (focusing on counterfeit and fraudulent check activity, and related AML/BSA issues), including open source information (e.g., Internet and Lexis), closed source databases, and internal client information and account transaction databases.
- Compiles information and documents from a variety of sources to draft SAR reports. Analyses transaction data, research findings, and information received from the business and/or from the end customer or client, to ascertain whether transaction activity is suspicious or has a reasonable explanation, and/or whether fraud is suspected.
- Looks for linkages across suspicious activities, assessing whether the activity is isolated or part of a larger issue.
- Identifies and resolves discrepant information.
- Synthesizes large volumes of data which defines the baseline against which suspicious or reportable instances will be tested.
- Evaluates and reports on findings to management or senior colleagues.
- Effectively communicates and interacts with our check-processing and lockbox lines of business, compliance, risk, and other shared services functions internally.
- Cooperates effectively with other lines of business or risk/compliance to obtain additional information or documentation relevant to assessing whether activity is suspicious or fraudulent.
- Collaborates with reviewing lawyers on their investigations and successfully implements and responds to recommendations/feedback.
- Through regular interaction and collaboration, understands the functions of the organization s financial intelligence units and how the units work together in order to meet the organization s obligations under applicable laws and regulatory expectations.
What you will need:
- Must be a graduate or postgraduate in finance or any other related streams from a recognised university.
- Minimum 3 years of experience working in a Global AML-CDD/EDD/KYC/Transaction Monitoring or other Banking/Financial Services or Financial Services Regulatory compliance processes.
- Experience assessing and reviewing system generated and manual AML alerts for potentially suspicious activity.
- Experience working on reviewing SAR escalations or other risk-based public records and open-source research review.
- Working knowledge of risk assessment, reviewing suspicious activities.
- Working knowledge of public records and open-source research.
- Experience working at MNCs in global processes in Financial Services or Regulatory compliance.
- Experience working for financial institutions, such as banks (preferably global), NBFCs, or other Financial Institutions.
- Solid Excel skills.
- Effective oral and written communication skills.
Employment Type: Full Time, Permanent
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What people at Guidehouse are saying
Rating based on 18 Senior Process Associate
reviews
Anonymous · Customer Success, Service & Operations
in Thiruvananthapuram
Likes
No work pressure Attractive salary
- Salary - Good+3 more
Dislikes
Not accept work from home Shift timing
Senior Process Associate salary at Guidehouse
reported by
115
employees
with 2-7
years exp.
₹2.5
L/yr - ₹8
L/yr
24%
more
than the average Senior Process Associate Salary in India
View more details
What Guidehouse employees are saying about work life
based on 594 employees
Strict timing
Monday to Friday
No travel
Night Shift
Guidehouse Benefits
View more benefits
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