Role/ Job Title Senior Transaction Monitoring Analyst
Function/ Department Compliance
Job Purpose
As a Trade Based Money Laundering (TBML) team member responsible for identifying and monitoring transactions in the accounts as per the PMLA (Prevention of Money laundering Act) provisions, KYC/AML/CFT guidelines issued by RBI from time to time and FEMA regulations.
Roles & Responsibilities
- Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
- Analysis of reports related to cross border remittances to identify suspicious activity.
- Analysis of unusual pattern of transactions based on various scenario defined in the system.
- Forward AML alerts to branches for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts.
- Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies.
- Updation of names in negative database as and when applicable.
- Maintain current understanding of money laundering/ Trade based money laundering / terrorist financing issues including processes, policies, procedures, regulations and developing trends.
- Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any.
- Understanding experience about cross border remittances / trade transaction.
Education Qualification
Graduation Any Graduation
Post-graduation MBA
Experience 8 - 10 years of work experience
