AML Transaction Monitoring Analyst

Job description

Role & responsibilities Objective

The incumbent would be responsible for monitoring and analyzing the transactions to identify potential money laundering activities.

Responsibilities

• Comprehensive review of customer transactions with respect to the customer profile, pattern of transactions, geography, etc.
• Review of Transaction Alerts pertaining to Merchant Settlements which shall include review of customer profile, transaction pattern, financials, & ancillary information obtained through public and private sources to identify potential money laundering patterns.
• Good knowledge of complex customer types.
• The job will also entail drafting of Grounds of Suspicion and taking such cases to logical closure including filing of STR with FIU-IND.
• Work closely with the merchant aggregator team to ensure smooth day to day functioning.
• Provide inputs on Merchant Acquiring processes to improve the system performance.

Essential competencies

• Sound knowledge of the various patterns of transactions in customer accounts and able to highlight suspicious trends
• Added advantage being well versed with Merchant Acquisition Transactions/ Payment Gateway /Payment Banks transactions.
• Good analytical skills and able to apply critical thinking.
• Proficient with Microsoft Applications (Excel, Word and PowerPoint).
• Working under tight timelines.
• Able to challenge the status quo and identify, recommend and implement process efficiencies.
• Should be a team player with strong problem solving skills.

Qualifications and relevant experience

Sound knowledge of PMLA and RBI regulations with relevant experience of minimum 2-3 years.

Sound knowledge about the payments industry and Merchant Acquiring business / aggregator business shall be an added advantage.