Job Purpose
The role is a critical element of organizations defense against money laundering, terrorist financing and fraud.Responsible for analyzing and reporting of Transaction alerts generated for operations.Identification and Implementation of improvement areas as prescribed by Regulatory bodies such as RBI, and FIU-IND and other AML Compliance initiative.Duties and ResponsibilitiesConducting detailed and thorough investigation of cases/alerts in accordance with internal policies, process and external regulations (e.g. RBI KYC Policies, PMLA Act Rules)Conducting a complete and thorough investigation of the individual alerts in accordance with internal policies and procedures and external regulations (e.g. RBI KYC Policies, PMLA Act Rules)Good domain knowledge of BFL product, processes and systems like Pennant, Miles, Finacle,CRM Identification of improvement areas in regard to regulatory mandates and Product constructsActionizing of improvement areas identified in coordination with PMO, IT, Compliance, and COE teams Support in developing and implementing an effective compliance program related to KYC / AML to meet the regulatory expectations of the authorities, e.g. RBI, on a regular basis Preparation of SOP in accordance with Compliance requirementsIdentification of practices across different processes and systems and their impact on transactions from an AML perspectiveConducting a complete and thorough investigation of the individual alerts in accordance with internal policies and procedures and external regulations (e.g. RBI KYC Policies, PMLA Act Rules)Identification and timely escalation of potentially suspicious transactions for further investigationRequired Qualifications and ExperienceGraduate Degree, five years plus of experience in the lending business.Understanding of Financial Crime Policies Documentations, knowledge of banking terminologies, Onboarding/Compliance/AML/KYC experience.Ability to interpret Regulatory requirements Applicant should be well versed with various MS Excel, MS Power-point and working knowledge of SQL preferredAbility to work independently and accomplish the task assigned Collaborative work style to engage with peers colleagues in other functions across the companyHigh motivational levels and a self-starter. Should possess the below skill sets: - Strong Analytical skills, Good written and verbal communication, Good Interpersonal Skills, Influencing skills
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