Job Description
The Transaction Monitoring team is responsible for monitoring transactions to ensure compliance to the Anti Money Laundering provisions of Law / Regulation. They are also responsible for processing and submission of suspected transaction reports and handling queries from LEA/Statutory Authorities
Key Responsibilities:
• Monitor transactions in the account from Anti Money Laundering perspective.
• Prepare notes on suspicious transactions for reporting.
• Contribute in improving processes / policy and compliance standards.
• Liaison with various stakeholders of the Bank to ensure proper co-ordination and exchange of data/information.
• Collate data under various analytic parameters in line with the transaction monitoring functions.
Qualifications:
Optimal qualification for success on the job is:
• MBA / Postgraduate with Banking background.
• AML Related Course/ Programme Certification is desirable.
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
• Good understanding of the provisions of the Prevention of Money Laundering Act
• Good communication (both verbal & 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
Key Responsibilities:
• Monitor transactions in the account from Anti Money Laundering perspective.
• Prepare notes on suspicious transactions for reporting.
• Contribute in improving processes / policy and compliance standards.
• Liaison with various stakeholders of the Bank to ensure proper co-ordination and exchange of data/information.
• Collate data under various analytic parameters in line with the transaction monitoring functions.
Qualifications:
Optimal qualification for success on the job is:
• MBA / Postgraduate with Banking background.
• AML Related Course/ Programme Certification is desirable.
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
• Good understanding of the provisions of the Prevention of Money Laundering Act
• Good communication (both verbal & 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
💡 Quick Summary
Seeking a career-building opportunity? The Compliance|Transaction Monitoring Team position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.
