Job Description

JD i. Lead and manage a team of 45-50 staffs to support Transaction Monitoring and Watchlist Screening ii. Ensure risk events generated by automated AML monitoring system are duly reviewed to identify indicia of ML/TF risks and escalate such unusual patterns for reporting iii. Maintaining high standards of investigation levels by performing Root Cause Analysis (RCA) of disposed cases not meeting quality control standards iv. Ensure due diligence reviews of high risk flagged parties and anomalous transaction patterns v. Prepare Grounds of Suspicion (GoS) for filing Suspicious Activity Reports (SAR) vi. Ensure risk issues identified are reported and escalated on a priority basis vi. Perform annual ML/TF risk assessment vii. Review the validation / optimization of detection scenarios and recommend tuning of thresholds viii. Ensure all regulatory submissions happen within timelines Role Accountability i. Accountable for day to day operations are carried out within the stipulated timelines and manage team of 45-50 staffs ii. Ensure the reporting obligations under PMLA are met. Ensure that all important issues are reported to the senior management of the bank on a periodic basis iii. Liaise with various stakeholders/parties, such as regulators (internal and external), FIU-IND, and Law Enforcement Agencies (LEAs). iv. Conduct advanced KYC/AML training to the team and ensure compliance with regulatory requirements in respect of staff training, including adequate arrangements for awareness and training of employees v. Review KYC/AML policy and ensure KYC/AML policies and procedures are aligned to the extant regulations and periodically updated on a timely basis and reviewed annually by the Board vi. Responsible for timely submission of CTR, STR, CCR & NTR reports to FIU-India. Ensure approved STR reports are filed within the stipulated timelines after due review of transaction patterns, grounds of suspicion and details of investigation. vii. Assist Lead AML in the development, implementation, and maintenance of a roboust anti money laundering program viii. Perform Annual Money Laundering Risk Assessment for the business and place the findings with the senior management . ix. Analyze STR reports periodically to understand new typologies and recommend controls to mitigate ML/TF risks to the organization. x. Review detection scenarios based on the typology study to configure additional red flag indicators xi. Perform annual Optimization and Validation of detection scenarios and based on the results, recommend tuning to the threshold xii. Ensure the AML/CFT program is robust in terms of systems, people and processes. xiii. Collate, review and submit quarterly KYC/AML returns to RBI. xiv. Ensure all queries raised by the regulators are responded to within the stipulated deadlines

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