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

, , -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

0.0

Posted On

04 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Anti-Money Laundering, Compliance, KYC, CFT, Analytical Skills, Communication Skills, Core Banking System, Microsoft Excel, V-Lookup, Transaction Monitoring, Suspicious Activity Identification, Reporting, Due Diligence, Regulations, Training, Process Improvement

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

As an AML team member, you will identify and monitor transactions according to PMLA provisions and KYC/AML/CFT guidelines. Key activities include analyzing alerts for suspicious activity, reporting suspicious transactions, and maintaining compliance with regulations.