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Team Member - AML-SUPPORT SERVICES-Compliance at Kotak Mahindra Bank

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

22 Jun, 26

Salary

0.0

Posted On

24 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

AML, PMLA, KYC, CFT, Transaction Monitoring, Alert Analysis, Due Diligence, Suspicious Transaction Reporting, FIU India Reporting, Core Banking System, Microsoft Excel, V-lookup, Communication, Analytical Skills

Industry

Banking

Description

Job role – Team Member –AML Cell – Compliance As an Anti-Money Laundering (AML) 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. The role involves other key activities like: * Analysis of red flags / alerts generated by AML system to identify potential suspicious activity. * Analysis of unusual pattern of transactions based on various scenario defined in the system * Forward AML alerts to branches/respective businesses 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 * Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within prescribed time frame. * Maintain current understanding of 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 * 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 * Additional qualification / certification in AML would be preferred.

Responsibilities

The Team Member is responsible for identifying and monitoring account transactions according to PMLA provisions and RBI guidelines for KYC/AML/CFT. Key activities include analyzing system-generated alerts, following up on enhanced due diligence, and timely reporting of suspicious transactions to FIU India.