Job Purpose
This position will be responsible for the delivery of projects related to Onboarding and Periodic Review with focus on Transaction Analysis.
The operations/process will include:
- Review of the customers profile on records and refreshing / updating the same. The profile would include i) registration details, ii) nature of business and iii) ownership structure.
- Performing public domain searches (Google searches) for adverse news on the customer and associated parties.
- Analysing the transactions done by the customer to assess if they match its business profile & activity.
- Coordinating with the clients CDD and FIU team to report any non-regular or suspicious activity.
- Coordinating with the clients CDD and FIU team to raise RFIs, where required.
- Preparing a detailed summary report of the transactions analysed.
The individual will work in close partnership with the CDD and FIU teams to ensure accurate and complete data quality and compliance with regulatory requirements.
Key Responsibilities
- Perform L1 or L2 function is applicable.
- Performing standard KYC checks,
- Perform Sanctions, Watch List, PEP and Adverse New Screening.
- Prepare alert summaries based on the available, collated, and researched information.
- Perform transaction analysis,
- Prepare summary report for transaction analysis.
- Conduct quality reviews (Peer QA and QC).
- Prepare MIS reports and documentation related to the tasks.
- Interact with the customer and discuss the outputs.
Key Competencies
- 3 to 7 years experience with Global Financial Institutions, with strong hands-on experience in transaction monitoring, preference to be given if candidate has experience in correspondent banking transaction monitoring.
- Strong domain knowledge
- Excellent research skills
- Strong judgement skills
- Strong Analytical skills to spot trends and patterns
- Excellent communication skills (verbal and written)
- Strong Reporting skills (MIS for operational statistics)
- Proven record in client interactions
Certifications (preferred)
