Job Description
Role/ Job Title: Transaction Monitoring Analyst
Function/ Department: Compliance
Job Purpose:
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.
Roles & Responsibilities:
• 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 scenario 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
• 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
Education Qualification:
Graduation: Any Graduation
Experience: 2 years of relevant experience
Function/ Department: Compliance
Job Purpose:
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.
Roles & Responsibilities:
• 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 scenario 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
• 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
Education Qualification:
Graduation: Any Graduation
Experience: 2 years of relevant experience
💡 Quick Summary
Seeking a career-building opportunity? The Transaction Monitoring Analyst 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.