Job Description
Specialist, Investigations-(WD52435)
Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.
• Job Purpose
Assist management in effective handling of AML/KYC related matters, specifically on money mule monitoring including detection and associated remediation. Be a focal point of contact to BU/CCTR/Group and all other such stakeholders for money mule related queries.
Key Accountabilities – Roles & Responsibilities:
• Build SOP on mule monitoring in line with regulation.
• Expedite regulatory reporting for all mule cases identified
• Continuously work on money mule detection mechanism including automation of BAU processes, system up gradation, data analytical skills up gradation.
• Feed in learning to the various stakeholders like BU to combat re occurrence of mule typology at the on boarding stage, transaction monitoring team both on KYC AML as well as Fraud side basis amount/threshold/account pattern behavior.
• Work closely with internal stakeholders managing core AML /KYC/Fraud related matters
• Work closely with other stakeholders including operations (CCTR), business for queries related on the subject matter
• Provide support / Assistance on other AML /KYC requirements
• Provide support on various requirements like updation of watch lists / caution lists, filing of regulatory reports (STR/CTR/NTR/FMR reporting) etc
• Assist on other adhoc AML/KYC related activities
• Assist the department in audit / compliance related activities including submission of deck to Audit Committee of the Board, RBI inspection audit etc.,
• Liaise with Group on such matters
• Ensure compliance to all policies and procedures laid down by the bank
Experience
8-10 years of experience in AML / KYC/ Compliance monitoring, Good analytical and communication skills
Education/Preferred Qualifications
Post-Graduate/ CA / MBA
Core Competencies
Strong analytical and decision-making skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling, Effective communication skills, Industry connect
Technical Competencies
Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS Powerpoint.
Work Relationship
• Able to work closely with team members within FCSS & Legal Compliance unit
• Ability to work closely with stakeholders including business, operations, and other units to manage risks emanating from AML/KYC and more specifically mules.
• Ability to communicate effectively and should possess good presentation skills
Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.
• Job Purpose
Assist management in effective handling of AML/KYC related matters, specifically on money mule monitoring including detection and associated remediation. Be a focal point of contact to BU/CCTR/Group and all other such stakeholders for money mule related queries.
Key Accountabilities – Roles & Responsibilities:
• Build SOP on mule monitoring in line with regulation.
• Expedite regulatory reporting for all mule cases identified
• Continuously work on money mule detection mechanism including automation of BAU processes, system up gradation, data analytical skills up gradation.
• Feed in learning to the various stakeholders like BU to combat re occurrence of mule typology at the on boarding stage, transaction monitoring team both on KYC AML as well as Fraud side basis amount/threshold/account pattern behavior.
• Work closely with internal stakeholders managing core AML /KYC/Fraud related matters
• Work closely with other stakeholders including operations (CCTR), business for queries related on the subject matter
• Provide support / Assistance on other AML /KYC requirements
• Provide support on various requirements like updation of watch lists / caution lists, filing of regulatory reports (STR/CTR/NTR/FMR reporting) etc
• Assist on other adhoc AML/KYC related activities
• Assist the department in audit / compliance related activities including submission of deck to Audit Committee of the Board, RBI inspection audit etc.,
• Liaise with Group on such matters
• Ensure compliance to all policies and procedures laid down by the bank
Experience
8-10 years of experience in AML / KYC/ Compliance monitoring, Good analytical and communication skills
Education/Preferred Qualifications
Post-Graduate/ CA / MBA
Core Competencies
Strong analytical and decision-making skills, in depth understanding of AML risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling, Effective communication skills, Industry connect
Technical Competencies
Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS Powerpoint.
Work Relationship
• Able to work closely with team members within FCSS & Legal Compliance unit
• Ability to work closely with stakeholders including business, operations, and other units to manage risks emanating from AML/KYC and more specifically mules.
• Ability to communicate effectively and should possess good presentation skills
💡 Quick Summary
Seeking a career-building opportunity? The Specialist| Investigations 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.