Posted By
Posted in
Banking & Finance
Job Code
994245
This opening is with Leading Bank in Mumbai.
Job Description :
- Lead IT projects relating the AML monitoring system.
- Have understanding of AML systems / IT projects relating the AMLOCK / AML monitoring.
- Collaborative and a team player, able to work well with other staff including departmental colleagues, business, operations and technology teams,
- Managing the monitoring of work assigned to the team and recommending process changes to increase efficiency,
- Knowledge and Understanding of Banking Regulations and Laws governing AML/KYC including FATF requirements,
- Responsible for monitoring customer account activity using bank's monitoring tools including AMLOCK,
- Responsible for monitoring including periodic review of thresholds for monitoring AML transactions and recommend changes in thresholds.
- Investigate any unusual matters escalated by business or identified through triggered event and where appropriate make a necessary recommendation to file STR. In doing so, draft the necessary STR.
- Clear understanding of regulatory reporting requirements.
- Provide AML inputs into any new business or product approval that may have AML risk
- Conduct regular AML trainings to staff as needed
- Ability to handle senior management expectations by communicating AML requirements
- Manage any AML relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses etc
- Any other matters assigned by the Head of Unit or line manager.
- Knowledge of PMLA, RBI regulations, FATF guidelines etc,
- Experience in AML or audit function or other control functions,
- Experience in monitoring framework- AML/Audit/ Fraud risk
- Eye for details and good learning acumen,
- Good analytical, communication (verbal and written) skills & inter personal skills,
- Team handling experience
- A MBA from a reputed institute,
- 8-10 years post qualification experience in Financial Services environment with at least 4-5 years of experience in AML Compliance function in a reputable bank.
- Impeccable integrity and compliance consciousness.
CTC : 16 to 25 lacs
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Posted By
Posted in
Banking & Finance
Job Code
994245