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