Job Description
Skill required: Transaction risk management - Anti-Money Laundering (AML)
Designation: Management Level - Associate Manager
Job Location: Noida
Qualifications: Any Graduation
Years of Experience: 10 to 14 years
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What would you do?
You will be aligned to our Financial Services, banking, Insurance, and Capital Market vertical which is focused on helping clients with their tax preparations, insurance coverage, and investment portfolios.
• Regulatory and AML knowledge – a sound understanding of the legislation, regulation and codes of practice applicable in relevant jurisdiction, covering a variety of topics.
• An ******** knowledge and understanding of the organization’s products and services, typical client profile, including their laundering vulnerabilities.
• Investigative skills – the ability to research and analyze complex business and regulatory issues is a critical compliance skill, especially when carrying out monitoring and risk assessment reviews.
• Strong analytical skills with the ability to make logical and reasoned decisions, problem solving and decision-making skills to effectively resolve complex issues.
• Business awareness and pragmatism – a good understanding of the market and business in which the company operate, lead to practical solutions being developed and helps to achieve the bank’s strategic objectives.
• Integrity and con The Anti Money Laundering team focuses on articulating the business requirements and implement the process and system controls required to prevent moving illegally acquired cash through an organization's financial systems. The role requires a good understanding of anti-money laundry laws and regulations, client on-boarding, sanction screening, remediation, periodical reviews, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
What are we looking for?
• Bachelor’s degree / master’s degree / MBA in banking (financial institutions), economics, or law
• Certified Professional with international recognition in some of the following areas: oAnti-Money Laundering (AML) and Combating Terrorist Financing (CTF) oCustomer Identification, Customer Risk Profiling and Monitoring oInternational Sanctions oSuspicious Activity / Suspicious Transaction Reporting and dealing with the authorities.
• Financial Crime Compliance - banking experience minimum 10 years, out of which minimum 5 year in AML managerial role (preferably approved by the Central Bank).
• Retail Banking Account Operations
• Taking the necessary actions to properly close any TMU and SAR/STR escalation audit observations or, were dependent on other units, systems or resources.
• Aiding and full support to the Group Compliance in ad-hoc Compliance projects and investigations
• Utilizing resources in an agile manner to achieve the best efficiency and the desired outcome
• Certifications like CAMS, CAMI shall be an added advantage
Roles and Responsibilities
• Perform additional internal money laundering investigations where unusual & potentially suspicious activity was identified through bank’s account monitoring systems.
• Perform special investigation on sensitive relationships and adhoc projects.
• Provide feedback on the rationale and appropriateness of the Detection Scenario rules in order to ensure transaction monitoring systems are properly calibrated to identify higher risk transactions and reduce false positives.
• Perform relevant quantitative and qualitative reviews on all TM activities.
• Enhance compliance investigators awareness by sharing periodical errors trends and patterns, personalized per unit and specific activity.
• Building a strong STR/SAR escalation team with the required skills to support Business and Compliance initiatives.
• Ongoing development of the STR/SAR escalation team and providing adequate training and guidance to the team.
• Ensuring the AML compliance Team meets internal service standards and appropriate turn-around times with CBUAE and business.
• Create and managing the BAU and Project activities within Budget and ensuring that the actual expenditure/ costs are monitored and recorded.
• Ensure that any deviations or risk of over expenditure is highlighted well in advance.
• Review the existing AML Compliance framework, procedures and guidelines on an ongoing basis and make relevant proposals to update procedures and guidelines if/ when required.
• Endeavor to continuously improve the AML framework for the proper identification, management, monitoring, and reporting of related TMU and SAR risks and issues.
• Assist and guide TMU Compliance unit to implement proper standards and to ensure the group maintains best in class AML transaction monitoring practices.
• Conduct AML oversight of the business activities to identify any key risks, trends, and typologies.
• Ensuring awareness and training of staff regarding AML compliance requirements, risks, and controls.
• Providing input, guidance, and recommendations on AML compliance subjects to be included in training.
• Create and implement the annual Training Plan for TM units, in line with regulatory requirement.
• Being the primary point of contact for audit of the AML/TMU and SAR escalation function and providing the necessary cooperation and input during the audit mission
• Raising / highlighting any concerns, observations and propose solutions to senior management to enable proactive decision making at a senior level.
• Providing the necessary progress updates around addressing AML Compliance audit observations to ensure timelines are met and the appropriate updates are given to senior management.
Your total rewards
Accenture Flex offers a Total Rewards package which includes compensation recognizing individual contributions and a range of benefits so you can build a coverage package based on your personal needs.
Base pay
We offer a competitive base pay based on your role, career level and skills.
Medical coverage and spending accounts
Employees have a choice of plans (PPO, EPO, HDHP) covering a wide range of medical services and prescription drugs. Use pretax dollars to pay for eligible health care and dependent day care expenses.
Dental and vision coverage
Employees can choose a traditional dental plan or a dental maintenance organization plan. A vision care plan is offered which covers an annual routine eye exam as well as frames, lenses, or contacts.
Life Insurance & Long-Term Disability
Accenture Flex provides you with a basic level of life, AD&D and disability insurance, and you have the option of purchasing additional coverage.
Paid Time Off (PTO)
PTO encompasses traditional vacation time along with paid personal time off and sick leave, providing flexibility for how, when and for what purpose time off is taken.
401(k) Savings plan
Employees are immediately eligible to contribute to a standard 401(k), a Roth, or an after-tax account through convenient payroll deductions and are always vested in their own employee contributions
Designation: Management Level - Associate Manager
Job Location: Noida
Qualifications: Any Graduation
Years of Experience: 10 to 14 years
" target="_blank">
What would you do?
You will be aligned to our Financial Services, banking, Insurance, and Capital Market vertical which is focused on helping clients with their tax preparations, insurance coverage, and investment portfolios.
• Regulatory and AML knowledge – a sound understanding of the legislation, regulation and codes of practice applicable in relevant jurisdiction, covering a variety of topics.
• An ******** knowledge and understanding of the organization’s products and services, typical client profile, including their laundering vulnerabilities.
• Investigative skills – the ability to research and analyze complex business and regulatory issues is a critical compliance skill, especially when carrying out monitoring and risk assessment reviews.
• Strong analytical skills with the ability to make logical and reasoned decisions, problem solving and decision-making skills to effectively resolve complex issues.
• Business awareness and pragmatism – a good understanding of the market and business in which the company operate, lead to practical solutions being developed and helps to achieve the bank’s strategic objectives.
• Integrity and con The Anti Money Laundering team focuses on articulating the business requirements and implement the process and system controls required to prevent moving illegally acquired cash through an organization's financial systems. The role requires a good understanding of anti-money laundry laws and regulations, client on-boarding, sanction screening, remediation, periodical reviews, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
What are we looking for?
• Bachelor’s degree / master’s degree / MBA in banking (financial institutions), economics, or law
• Certified Professional with international recognition in some of the following areas: oAnti-Money Laundering (AML) and Combating Terrorist Financing (CTF) oCustomer Identification, Customer Risk Profiling and Monitoring oInternational Sanctions oSuspicious Activity / Suspicious Transaction Reporting and dealing with the authorities.
• Financial Crime Compliance - banking experience minimum 10 years, out of which minimum 5 year in AML managerial role (preferably approved by the Central Bank).
• Retail Banking Account Operations
• Taking the necessary actions to properly close any TMU and SAR/STR escalation audit observations or, were dependent on other units, systems or resources.
• Aiding and full support to the Group Compliance in ad-hoc Compliance projects and investigations
• Utilizing resources in an agile manner to achieve the best efficiency and the desired outcome
• Certifications like CAMS, CAMI shall be an added advantage
Roles and Responsibilities
• Perform additional internal money laundering investigations where unusual & potentially suspicious activity was identified through bank’s account monitoring systems.
• Perform special investigation on sensitive relationships and adhoc projects.
• Provide feedback on the rationale and appropriateness of the Detection Scenario rules in order to ensure transaction monitoring systems are properly calibrated to identify higher risk transactions and reduce false positives.
• Perform relevant quantitative and qualitative reviews on all TM activities.
• Enhance compliance investigators awareness by sharing periodical errors trends and patterns, personalized per unit and specific activity.
• Building a strong STR/SAR escalation team with the required skills to support Business and Compliance initiatives.
• Ongoing development of the STR/SAR escalation team and providing adequate training and guidance to the team.
• Ensuring the AML compliance Team meets internal service standards and appropriate turn-around times with CBUAE and business.
• Create and managing the BAU and Project activities within Budget and ensuring that the actual expenditure/ costs are monitored and recorded.
• Ensure that any deviations or risk of over expenditure is highlighted well in advance.
• Review the existing AML Compliance framework, procedures and guidelines on an ongoing basis and make relevant proposals to update procedures and guidelines if/ when required.
• Endeavor to continuously improve the AML framework for the proper identification, management, monitoring, and reporting of related TMU and SAR risks and issues.
• Assist and guide TMU Compliance unit to implement proper standards and to ensure the group maintains best in class AML transaction monitoring practices.
• Conduct AML oversight of the business activities to identify any key risks, trends, and typologies.
• Ensuring awareness and training of staff regarding AML compliance requirements, risks, and controls.
• Providing input, guidance, and recommendations on AML compliance subjects to be included in training.
• Create and implement the annual Training Plan for TM units, in line with regulatory requirement.
• Being the primary point of contact for audit of the AML/TMU and SAR escalation function and providing the necessary cooperation and input during the audit mission
• Raising / highlighting any concerns, observations and propose solutions to senior management to enable proactive decision making at a senior level.
• Providing the necessary progress updates around addressing AML Compliance audit observations to ensure timelines are met and the appropriate updates are given to senior management.
Your total rewards
Accenture Flex offers a Total Rewards package which includes compensation recognizing individual contributions and a range of benefits so you can build a coverage package based on your personal needs.
Base pay
We offer a competitive base pay based on your role, career level and skills.
Medical coverage and spending accounts
Employees have a choice of plans (PPO, EPO, HDHP) covering a wide range of medical services and prescription drugs. Use pretax dollars to pay for eligible health care and dependent day care expenses.
Dental and vision coverage
Employees can choose a traditional dental plan or a dental maintenance organization plan. A vision care plan is offered which covers an annual routine eye exam as well as frames, lenses, or contacts.
Life Insurance & Long-Term Disability
Accenture Flex provides you with a basic level of life, AD&D and disability insurance, and you have the option of purchasing additional coverage.
Paid Time Off (PTO)
PTO encompasses traditional vacation time along with paid personal time off and sick leave, providing flexibility for how, when and for what purpose time off is taken.
401(k) Savings plan
Employees are immediately eligible to contribute to a standard 401(k), a Roth, or an after-tax account through convenient payroll deductions and are always vested in their own employee contributions
💡 Quick Summary
Seeking a career-building opportunity? The Banking Operations Associate Manager position is now open for candidates interested in the Bank Jobs sector. This role in Noida offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
