About the role
Role Purpose:To monitor, investigate, and mitigate Anti-Money Laundering (AML) and suspicious transaction risks by ensuring timely review of alerts, identifying unusual transaction patterns, and maintaining compliance with regulatory and internal AML requirements.
Key Responsibilities:- Lead the Transaction Monitoring team and oversee end-to-end review of AML alerts generated through monitoring systems.
- Analyze customer transactions to identify suspicious activities, unusual patterns, and potential money laundering or terrorist financing risks.
- Ensure timely investigation, documentation, and closure/escalation of alerts as per regulatory requirements.
- Prepare and review Suspicious Transaction Reports (STRs/SARs) for submission to the Compliance and Financial Intelligence Unit (FIU).
- Monitor adherence to AML, KYC, Sanctions Screening, and regulatory guidelines.
- Conduct quality reviews and provide guidance/training to team members on AML typologies and investigation techniques.
- Coordinate with Business, Operations, Compliance, and Risk teams for information gathering and resolution of cases.
- Prepare MIS, dashboards, trend analysis, and management reports related to transaction monitoring activities.
- Support audits, regulatory inspections, and compliance reviews.
- Graduate/Postgraduate in Finance, Commerce, Business Administration, or related discipline.
- 6-10 years of experience in AML, Transaction Monitoring, Financial Crime Compliance, or Fraud Risk Management.
- Strong understanding of AML regulations, KYC requirements, sanctions screening, STR filing, and banking operations.
- CAMS certification will be preferred.