Manager - Trade AML - Bank

Location: Mumbai

Company : Private Bank

Location : Mumbai

Grade : Manager

Key Performance Areas :

- Provide direction and guidance to employees on appropriate remedial action for high risk accounts from TBAML perspective on the red flags.

- Investigate and assess alerts for potential money laundering risks in the Bank.

- Ensure efficient identification, monitoring and reporting of suspicious activities and transactions.

- Daily assessment of Trade based AML and SWIFT reports for potential suspicious activity. Responsible for monitoring the transactions for money laundering, so as to ensure that they are not facilitating transactions with any OFAC sanctioned countries, entities or individuals.

- Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations (issued by FIU, OFAC, MAS, HKMA, etc.) industry best practice, criminal typologies and developing trends.

- Assist in identifying systemic procedural weaknesses and additional training requirements for the Bank.

- Timely execution of instructions received from AML Compliance Officer and/or the AML team at Central Compliance Group.

Core Competencies :

- To be conversant on regulatory framework around this business such as KYC / AML, FEMA, UCPDC, URC, Cross-border wire transfer rules, etc., including extant international guidelines.

- Be a subject matter expert on trade finance and remittances.

- Have good expertise in excel and technology related delivery channels.

Experience/ Knowledge & Skills :

- Minimum of two years experience in financial services data analysis.

- AML Compliance is mandatory.

- Computer literacy essential (Word, Excel, Powerpoint).