Compliance:AML Reporting and Process Improvements Team

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 Bank’s internal policies and fair practice code

About the Role:

The AML Reporting and Process Improvements team is responsible for AML regulatory reporting, AML Process improvements, managing AML Audits, Risk Categorization, Process documentation, Risk and Control Matrix.

Key Responsibilities:

• Responsible for framing of rules/logic/thresholds for AML scenarios or AML transaction monitoring scenarios.
• Ensure screening of names / remittance transactions against negative list as per legal / regulatory requirements.
• Responsible for risk categorization of customers - onboarding and periodic risk.
• Responsible for formulation of rules for name screening in RAMP application and optimization of rules for reduction of false positives.
• Prepare appropriate responses for regulators and law enforcement agencies, board notes for senior management.
• Understand and interpret AML/ KYC policies and processes.
• Handle internal / external audit assessments on AML.
• Draft Standard Operating Procedures, Country Risk from AML perspective
• Ensure Risk and Controls are updated and monitored through each AML processes

Qualifications:

Optimal qualification for success on the job is:

• MBA from a recognized institute
• AML Related Course/ Programme Certification is desirable.
• Preference to be given to those having completed CAIIB or other professional banking courses.
• Reasonable exposure to branch banking, including forex business; Understanding of operations in asset accounts will be an added advantage.

Role Proficiencies:

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

• Reasonable understanding of the provisions of the Prevention of Money Laundering Act.
• Knowledge of Regulatory Reporting to Financial Intelligence Unit of India.
• Good communication (both verbal and written) and inter-personal skills
• Strong Excel and database manipulation skills, financial and statistical analysis skills)
• Ability to work on large database in Excel; Analyzing data; Report preparation for information to Senior Management
• 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

#ComeAsYouAre "We are dil se open. Women, LGBTQIA+ and PwD candidates of all ages are encouraged to apply"