Lead - AML Transaction Adivsory - NBFC

Lead- AML Transaction Adivsory

As the Lead for Anti-Money Laundering (AML) Transaction Monitoring at our NBFC, you will be responsible for developing and overseeing the implementation of robust AML transaction monitoring programs. This role requires a skilled professional with a deep understanding of AML regulations, transaction monitoring systems, and investigative analysis within the financial sector.

Key Responsibilities:

AML Transaction Monitoring Program:

- Develop, implement, and enhance AML transaction monitoring policies, procedures, and systems to detect and prevent potential money laundering activities.

- Stay updated on AML laws and regulations, ensuring that the transaction monitoring program remains in compliance with the latest requirements.

Transaction Analysis and Investigation:

- Lead a team of analysts in monitoring and analyzing transactions for unusual patterns or suspicious activities.

- Conduct thorough investigations into flagged transactions, collaborating with internal stakeholders and authorities as needed.

System Optimization and Enhancement:

- Oversee the utilization and optimization of transaction monitoring systems, ensuring they are configured to effectively identify and report suspicious transactions.

- Collaborate with technology teams to implement enhancements to the monitoring systems based on emerging risks and regulatory changes.

Reporting and Documentation:

- Prepare and submit timely and accurate reports on AML transaction monitoring activities to senior management, regulatory bodies, and internal audit teams.

- Maintain detailed and organized documentation of investigations, decisions, and reporting.

Training and Awareness:

- Provide training to employees on AML policies, procedures, and transaction monitoring best practices.

- Foster a culture of AML awareness within the organization, promoting vigilance and reporting of suspicious activities.

Collaboration with Compliance:

- Work closely with the compliance team to ensure alignment between AML transaction monitoring and broader compliance objectives.

- Assist in responding to regulatory inquiries and examinations related to AML transaction monitoring.

Qualifications and Requirements:

- A bachelor's degree in finance, business, criminal justice, or a related field. Relevant professional certifications (e.g., CAMS) are highly desirable.

- Substantial experience (typically 7+ years) in AML compliance roles within the financial services industry, with specific expertise in transaction monitoring.

- In-depth knowledge of AML laws, regulations, and industry best practices.

- Strong analytical skills with the ability to interpret complex financial transactions and identify potential risks.

- Leadership and team management experience, with the ability to guide and mentor a team of AML analysts.

- Excellent communication skills to effectively convey AML concepts and findings to various stakeholders.

- Joining our NBFC as the Lead for AML Transaction Monitoring provides an exciting opportunity to play a pivotal role in safeguarding the organization against money laundering risks and contributing to a culture of compliance and integrity.