This opening is with leading bank in Mumbai kindly share your resume if you have exp in Banking or Financial Services.

- Lead IT projects relating the AML monitoring system.

- The job will be to handle a team having comprehensive review of AML alerts in the team. 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.

The job holder needs to be an AML subject-matter-expert with a proven track record and should have a clear understanding of all banking related products

Responsibilities:

Essential competencies - 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.

Key Skills Required - 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

Qualifications and relevant 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.

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