Jobs In Mumbai For Graduates

IDFC FIRST Bank

Team Lead

Job Description 

Location- Mumbai

Job Purpose-

Provide recommendations on the enhancement of AML Monitoring controls and participate in various system testing. Provide management update and proactively identify risks, assess the relevant controls and AML processes being reviewed, and will partner with the process owners to provide additional training and enhance the effectiveness of their processes.

Key Responsibilities-

AML Transaction Monitoring

Oversee and lead Team to manage the day-to-day AML (Anti-Money Laundering) compliance operations covering AML alerts arising from monitoring systems and escalation cases.

Responding to correspondences from FIU/RBI/LEAs.

Review suspicious transactions in customers’ account and file Suspicious Transaction Report (STR) to FIU IND.

Prepare periodic and regular MIS reports for Senior Management and/or Head Office.

Establish, review and update SOPs, processes and guidelines for effective controls that are efficient and meet regulatory best practices and industry standards.

Assess and mitigate risks when business decisions are made and provide sound coherent and consistent recommendation to Senior Management.

Identification of key error trends, provide guidance on new AML typologies.

Implementation of training pertaining to transaction monitoring to Business Units.

Liaise and resolve regulatory concerns with Compliance, Audit and Regulators, and including external assessments.

To develop indicators and tolerance limits and perform threshold tuning and AML optimization.

Addressing any action item/deliverable as assigned by the Principal Officer / Chief Compliance Officer.

Other Responsibilities-

‘-Leverage in-house synergies through collaboration with internal stakeholders.

‘-Keep abreast of regulatory developments within or outside of the bank as well as evolving best practices in compliance control

‘-Create an environment that promotes collaborative learning and collective ownership of responsibilities.

Education & Experience-

Any Graduate with 12+ years of experience, Mandatory AML certification.

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