Key Responsibilities:

• Sanctions and PEP screening
• Transaction screening
• Transaction monitoring and analysis
• Reporting to FIU, STR reporting and internal reporting
• Risk categorization and periodic KYC refresh

Responsibilities:

Assistance in Customer on-boarding

• Conduct screening of names and addresses of potential customers and vendors/third parties against the sanction lists released and updated by the Regulators from time to time and report positive matches to the supervisor
• Conduct screening of names and addresses of potential customers and vendors/third parties against the list of Politically Exposed Persons (PEP) subscribed to by the Bank and escalate positive matches to the supervisor
• Undertake risk categorization of potential customers based on set parameters and escalate “High” risk customer cases to the supervisor for approval before on-boarding
• Perform customer due diligence (as per the procedures set by the Bank) based on their risk profile at the time of onboarding

On-going due diligence

• Ensure updation of sanction lists in the AML module of CBS, as and when updated lists are released by RBI.
• Liaise with the list vendor (e.g. Thompson Reuters etc.) to obtain updated list of PEP and keep the AML module up-to-date
• Conduct periodic screening of existing customer details and also vendor/third party details against updated sanction lists and PEP lists
• Periodically collect fresh KYC documents from the customers (as per their risk category) and liaise with back-office for updating KYC details in CBS
• Periodically initiate risk classification re-assessment exercise, liaise with the front office/ branches to obtain relevant customer details and send reminders to the front office/ branches for completing KYC refresh/ risk re-assessment within given timelines.

Transaction monitoring & reporting

• Monitor alerts generated from Transactions Monitoring module in batches, analyze alerts on the basis of customer profiles and transaction history and raise queries to front office for further additional details of transactions wherever necessary
• Regularly follow up with the front office for obtaining satisfactory revert to the queries raised
• Analyze the revert and close the alert by categorizing it in either “suspected money laundering case” or “false positive alert”
• Escalate suspected money laundering cases to the supervisor for second level review and regularly follow up with the supervisor for satisfactory closure of the alert.
• Liaise with the supervisor and the Principal Officer in concluding the cases for reporting “Suspicious Activity” to the FIU-IND
• Download necessary reports, formats and templates and undertake reporting of “Suspicious Activity” to FIU-IND
• Report other mandatory reports such as Cash Transaction Reports (CTR), Counterfeit Currency Reports (CCR) and other regulatory reports to FIU-IND
• Regularly generate comprehensive MIS reports and present to the supervisor and/or Principal Officer for analysis
• Initiate review of system rules and threshold periodically, liaise with CBS vendor and undertake change of rules or thresholds wherever necessary

Skills:

• Understanding of financial products and anti-money laundering processes in a financial institution
• Familiarity with Core Banking Solution and money laundering alert management system
• Understanding of anti-money laundering laws, rules and regulations as applicable in India
• Strong interpersonal and verbal communication skills

Locations:

• Corporate Office - Juinagar
• Zone - East
• Zone - West
• Zone - South
• Zone - North