Specialist, Investigations

Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.
• Job Purpose

Assist management in effective handling of AML/KYC related matters, specifically on money mule monitoring including detection and associated remediation. Be a focal point of contact to BU/CCTR/Group and all other such stakeholders for money mule related queries.

Key Accountabilities – Roles & Responsibilities
• Build SOP on mule monitoring in line with regulation
• Expedite regulatory reportings for all mule cases identified
• Continuously work on money mule detection mechanism including automation of BAU processes, system upgradation, data analytical skills upgradation
• Feed in learnings to the various stakeholders like BU to combat reoccurrence of mule typology at the onboarding stage, transaction monitoring team both on KYC AML as well as Fraud side basis amount/threshold/account pattern behavior
• Work closely with internal stakeholders managing core AML /KYC/Fraud related matters
• Work closely with other stakeholders including operations (CCTR), business for queries related on the subject matter
• Provide support / Assistance on other AML /KYC requirements
• Provide support on various requirements like updation of watch lists / caution lists, filing of regulatory reports (STR/CTR/NTR/FMR reporting) etc
• Assist on other adhoc AML/KYC related activities
• Assist the department in audit / compliance related activities including submission of deck to Audit Committee of the Board, RBI inspection audit etc.,
• Liaise with Group on such matters
• Ensure compliance to all policies and procedures laid down by the bank

Experience

8-10 years of experience in AML / KYC/ Compliance monitoring, Good analytical and communication skills

Education/Preferred Qualifications

Post-Graduate/ CA / MBA

Core Competencies

Strong analytical and decision-making skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling, Effective communication skills, Industry connect

Technical Competencies

Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS Powerpoint.

Work Relationship
• Able to work closely with team members within FCSS & Legal Compliance unit
• Ability to work closely with stakeholders including business, operations, and other units to manage risks emanating from AML/KYC and more specifically mules
• Ability to communicate effectively and should possess good presentation skills

Primary Location

India-Maharashtra-Mumbai

Job

Compliance

Schedule

Regular

Job Type

Full-time

Job Posting

Oct 3, 2023, 9:09:19 PM