Agent
Jobs
Applied
Tracker
Profile
    1. Jobs for you
    2. Job

    Job · 12533387

    Axis Bank logo

    Compliance:Correspondent Banking Team

    Axis Bank · Mumbai · onsite · Posted 63d ago

    Not disclosedFresherfulltimeSourced fromFoundit

    About a minute. You'll make an account on the way through.

    About this role

    Compliance : Correspondent Banking Team
    INTERNAL USAGE:
    No. of Vacancies:Reports to:
    Is a Team leaderY/NTeam Size:
    Grade:Manager
    Business:Corporate CentreDepartment:ComplianceSub-Department:Compliance
    Location:Corporate Office , Worli Mumbai
    About Compliance
    The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc. and also the Banks internal policies and fair practice code
    AbouttheRole
    The Correspondent banking team is responsible for handling the AML Monitoring Transactions, processing and submission of suspected transaction reports to Financial Intelligence Unit India and for handling queries from statutory authorities.
    Key Responsibilities

    Ensure efficient transaction monitoring by AML Analysts.

    Analyze STR notes prepared for suspicious transactions and recommend the same to the Principal Officer(PO) for approval, for onward submission to Financial Intellegence Unit - India

    Ensure timely and proper response to queries raised by various stake holders (both Internal and External).

    Ensure monitoring of s as per laid down processes and completion of targets by the direct reportees.

    Liaison with various Stake holders of the Bank to ensure proper co-ordination and exchange of Data/Information.

    Participate in discussions of CMC/PMC of proposed bank products for ensuring to AML guidelines.

    Ensure monitoring of various Regulatory Reports by the team for identifying suspicious patterns.

    Create multiple case studies, depicting various money laundering trends, for building up necessary controls, collate data under various Analytic parameters in line with the transaction monitoring functions and recommending various system/scenario enhancements.

    Impart regular training and knowledge enhancement concerning Transaction Monitoring

    Qualifications

    MBA

    AML Related courses / Programme certification is desirable

    Banking experience is desirable

    Role Proficiencies:

    For successful execution of the job, a candidate should possess the following:

    Good communication (both verbal & written) and inter-personal skills

    Strong Excel and database manipulation skills, financial and statistical analysis skills)

    Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment

    Ability to prioritize and make decisions in a fast-paced environment

    Ability to work as a part of team and contribute towards team goals

    Ability to manage multiple tasks/projects and deadlines simultaneously

    Sourced from foundit

    Skills

    statistical analysisdatabase manipulationAML Monitoringexcel

    About Axis Bank

    Axis Bank logo

    Axis Bank

    Banking

    104.5k+

    employees

    1993

    33 years old

    Mumbai, Maharashtra

    India

    About

    Axis Bank is the third largest private sector bank in India offering the entire spectrum of financial services for personal & corporate banking.

    Industries

    BankingFinancial Services

    Employee ratings

    33,210 reviews

    3.6/ 5

    Culture

    3.4

    Career growth

    3.2

    Work-life

    3.4

    Employees rate it well for

    Work Culture2698Work Life Balance2255Salary2228Work Environment1726Senior Management1412

    Find them on

    WebsiteLinkedInAmbitionBox reviews

    Compliance:Correspondent Banking Team · waiting for your command