Deputy Manager/Manager - Anti Money Laundering & Acquisition Monitoring

Detailed Scope of Work

The scope of work covers following services:

1. Transaction Monitoring including Anti Money Laundering, compliance monitoring w.r.t. limit breaches etc.

2. Acquisition Monitoring

Please also refer to the table below for more details on the scope of these services - Process In scope activities

Anti-Money Laundering

- Monthly analysis of suspect money laundering transactions as per rules agreed by KYC AML committee

- Investigation of suspect cases through available channels

- Close-looping high risk instances through training, blocking etc for involved participants

- Maintaining records of investigation (month on month)

- Supporting in conducting internal (KYC AML committee, OPCO, Board) and external reporting (FIU, RBI, external auditors etc.)

Transaction - Supporting client in quarterly AML certification. Ensure certification with-in 2 months of quarter end with nil exceptions.

Monitoring

- Ensuring KYC AML committee is conducted month on month before 25th of every month

Limit Monitoring

- Keep a check on regulatory guidelines wrt load, spend, transfer, balance and highlight exceptions

- Work with business teams and IT to have the issues leading to limit breach fixed

- Facilitate in conducting internal and external reporting to highlight such breaches

- Keeping a close watch on acquisition trends of customers and highlighting high risk behavior to product, market ops, circles and client basis emerging trends

Acquisition - Tracking improvement/ deterioration in portfolio quality and highlighting the

Monitoring same to internal stakeholders

- Investigating suspected instances of high risk sourcing by channels and recommending actions on erring channels.

- Maintain records at local level to aid future reference