Manager - Anti Money Laundering Unit - Bank

Hiring for a Leading private sector Bank

Unit: Anti Money Laundering Unit

Anti Money Laundering Unit is a specialized unit within the Risk Management function for containment of the money laundering risk for the Bank.

Job Role & descriptions -

The job will involve a comprehensive review of AML alerts in the team. This would involve review of customer profile, transaction pattern, financials, transaction documents & ancillary information obtained through public and private sources to identify potential money laundering activities.

- The job will also entail taking such cases to logical closure including filing of STR with FIU. The job holder would need to have coverage of full spectrum of AML activities from Transaction Monitoring to Investigations.

Key components of the job :

- 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 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.

- 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.

- 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.

Job Qualification

Key skills required:

Mandatory- Certification in AML, ACAMS

a) Knowledge of PMLA, RBI regulations, FATF guidelines etc.

b) Experience in AML or audit function

c) Experience in monitoring framework- AML/Audit/ Fraud risk

d) Eye for details and good learning acumen

e) Good analytical, communication (verbal and written) skills & inter personal skills.

f) Team handling experience

Academic qualification: CA/MBA (Finance) with strong domain experience in banking and preferably working in the compliance AML department in a bank.

Location: Mumbai, Non mobile