Job Description
Full Job Description
As a Trade Based Money Laundering (TBML) team member you would be responsible for identifying and monitoring transactions in the accounts as per the PMLA provisions, KYC/AML/CFT guidelines issued by RBI from time to time and FEMA regulations. The role involves other key activities like:
Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
Analysis of reports related to cross border remittances to identify suspicious activity.
Analysis of unusual pattern of transactions based on various senario defined in the system
Forward AML alerts to branches for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts
Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies
Updation of names in negative database as and when applicable
Maintain current understanding of money laundering/ Trade based money laundering / terrorist financing issues including processes, policies, procedures, regulations and developing trends.
Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any
Job Requirements –
Graduate / Post Graduate with at least three years of Banking experience
Well versed with functioning of Core Banking System ( in addition TI Plus knowledge would be preferred)
Familiar in working on Microsoft office mainly “Excel” . Possessing “V-lookup” skills will be added advantage
Good communication skills (spoken and written)
Analytical skills with regard to monitoring of transactions, identification of unusual transactions with an eye for detail will be an added advantage
Should keep himself / herself conversant with the current developments related to KYC / AML / CFT monitoring
Understanding/experience about cross border remittances / trade transactions would be preferred
Additional qualification / certification in AML would be preferred.
As a Trade Based Money Laundering (TBML) team member you would be responsible for identifying and monitoring transactions in the accounts as per the PMLA provisions, KYC/AML/CFT guidelines issued by RBI from time to time and FEMA regulations. The role involves other key activities like:
Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
Analysis of reports related to cross border remittances to identify suspicious activity.
Analysis of unusual pattern of transactions based on various senario defined in the system
Forward AML alerts to branches for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts
Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies
Updation of names in negative database as and when applicable
Maintain current understanding of money laundering/ Trade based money laundering / terrorist financing issues including processes, policies, procedures, regulations and developing trends.
Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any
Job Requirements –
Graduate / Post Graduate with at least three years of Banking experience
Well versed with functioning of Core Banking System ( in addition TI Plus knowledge would be preferred)
Familiar in working on Microsoft office mainly “Excel” . Possessing “V-lookup” skills will be added advantage
Good communication skills (spoken and written)
Analytical skills with regard to monitoring of transactions, identification of unusual transactions with an eye for detail will be an added advantage
Should keep himself / herself conversant with the current developments related to KYC / AML / CFT monitoring
Understanding/experience about cross border remittances / trade transactions would be preferred
Additional qualification / certification in AML would be preferred.
💡 Quick Summary
Seeking a career-building opportunity? The Team Member | AML|SUPPORT SERVICES|Compliance 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.
