Anti Money Laundering Role - Transaction Monitoring - NBFC

We have urgent opening for NBFC

Unit : Risk Management - 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.

AML unit supports the stated objective by specifically focusing detection and prevention of money laundering activities. It covers all type of transactions undertaken by its customers across products and business segment and report suspicious cases to concerned regulatory authority. AML unit is also responsible for undertaking prescribed regulatory reporting.

Job Role & descriptions :

Transaction monitoring for prevention of Money Laundering risk.

The job will involve review of AML alerts. This would involve review of customer profile, transaction pattern, site visitation reports, financials & 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

Key components of the job :

a) Ongoing AML transaction monitoring for various products and segments

b) Identification of suspicion and documentation to enable FIU reporting

c) Engagement with Branch Leadership for closure of cases

In addition to it, the incumbent would be expected to provide back up support for AML risk monitoring and other activities as assigned by the Reporting Authority from time to time.

Salary Offered : 8-9 LPA