FinCrime Compliance - Staff
Ernst Young · Bengaluru · onsite · Posted 44d ago
Undisclosed1–3 yrsfulltimeSourced from
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About this role
Job Description: Transaction monitoring Analyst (Staff) Financial Crime Operations
The Compliance team at EY GDS partners with other EY offices across the globe to provide an array of compliance solutions to our clients. The team works on short to long term engagements to assist in establishing, maintaining, and reviewing the outputs of business functions and compliance programs.
Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-bribery controls, sanctions compliance and fraud are a high focus for regulated businesses and external scrutiny as regulation and practice continues to evolve. Responsible for developing and overseeing the financial crime and fraud prevention framework, designed to ensure client(s) are compliant, protected from risk and loss from financial crime.
The Opportunity As a part of our Global Managed Services Delivery team, you will be working with EY offices across the globe to provide an array of compliance solutions to our clients. The team works on short to long term engagements to provide assistance in establishing, maintaining and reviewing the outputs of business functions and compliance programs.
Our Financial Crime Consulting team consists of hundreds of professionals who advise and drive change for the firm's banking, capital markets, insurance, and asset management clients in Financial Crime. Our Financial Crime Consulting team specializes in several areas, including:
- AML transaction monitoring
- SAR drafting
- Fraud Investigation
- Crypto investigation
- Customer screening
- Payment screening filtering for Sanctions, PEPs and adverse media
- KYC Remediation
- Compliance testing and FATCA
- Financial crime risk assessment reviews
- AI Tools & Automation
As a Financial Crime Compliance Analyst, you will predominantly support the compliance team in the financial crime space. You will help businesses comply with financial crime regulations and adhere to relevant client(s) policies and procedures related to anti-money laundering and counter-terrorist financing.
- Multi-tasker, learn on the job and work to meet strict deadlines in a fast-paced environment
- Devising process documentation and translating complex processes into easy-to-follow instructions
- Coordinating efforts with internal stakeholders as appropriate
- Work as a member of a team to ensure operational readiness of applications and processes required to conduct AML program requirements
- Seek to understand the overall process and objective before beginning to work on a task
- Escalate issues and problems, articulate clearly to leadership, onshore and client team
- Demonstrate integrity, respect and be able to work collaboratively with team members
- Apply AI tools and automation techniques to support financial crime compliance workstreams.
- Customer transactions: Oversee transactions, including transfers, deposits, and withdrawals, to identify suspicious activity
- Customer Information Review: Assess historical and current customer data and interactions to detect potential financial crime risks
- Suspicious Activity Reporting (SARs): Investigate and report suspicious activity, including Anti-Money Laundering (AML) concerns, for assigned business units
- In-depth understanding of Transaction monitoring and risks in each Segment:
- Wealth Management Risk: Familiarity with the unique risks associated with wealth management, such as high-net-worth client transactions and complex financial instruments
- Commercial Banking Transactions: An understanding of the risks inherent in commercial banking transactions, including due diligence requirements for loan transactions, deposits, and trade finance activities
- Corporate Transaction Monitoring: Knowledge of the process for monitoring corporate client transactions, identifying potential risks in business accounts, and ensuring compliance with relevant regulations
- Correspondent Banking Risk Detection: Familiarity with the risks associated with correspondent banking relationships, including cross-border transactions, and ensuring compliance with international AML standards
- Time management skills to be able to manage deadlines effectively
- Exhibit analytical skills and attention to detail while maintaining a holistic view andlogical thinking
- Demonstrate working knowledge of AI-enabled tools and technologies to improve research, analysis, investigation quality and operational efficiency.
- Proficiency in Generative AI and prompt engineering, with the ability to design effective prompts and leverage AI tools to enhance research, analysis, problem-solving, and operational efficiency.
- Bachelor's /Masters degree in finance, accounting, economics, law, or a related field
- 1-3 years of work experience in AML Transaction Monitoring
- Demonstrated experience in a consulting role or within a large corporate environment, with a strong understanding of global Financial Crime Compliance practices
- Good understanding of SAR drafting and AML regulatory reporting.
- Strong analytical skills and the ability to interpret complex financial data
- Good understanding of banking industry, its products, and services
- Experience analysing financial/bank statements
- Experience in interpreting policy documents
- Willingness to work from office; 5 days a week
- Willingness to work on Indian Holidays as per client requirement
- Willingness to work in shifts, if required
- Willingness to travel
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Skills
Due DiligenceAutomationCompliance Testinganalytical thinkingEnglish CommunicationfatcaAsset ManagementAnti money launderingArticulateBankingCommercial BankingCapital MarketsAI ToolsAccountingAmlcompliancefinanceArtificial Intelligence
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
₹15.3L PA avg
Avg at Ernst & Young
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