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AML Transaction Monitoring | NPCI | Mumbai

Job Detail

  • Job ID 12559
  • Career Level  Executive
  • Experience  6-8 Years
  • Industry  Finance
  • Qualifications  Degree Bachelor

Job Description

Roles & Responsibilities

1. AML Transaction Monitoring:

Setting up robust processes, systems and tools to facilitate monitoring & reporting in line with regulatory guidelines. Create processes, SOP and office notes on the process changes / new initiatives. Ensure processing & analysing data and identifying suspicious cases wherever applicable in line with PMLA Act

2. Submission of STR reports:

Reviewing & approving the ground of suspicion for STR Submission.

3. Alliance Partner Management:

Designing AML Questionnaire and Declaration for International Alliance Partners. Ensure consolidating the responses received from them timely and on receipt of similar questionnaires from our Alliance Partners, collating responses from concerned persons and sharing it with respective Alliance Partners.

4. AML risk identification at the time of onboarding the members

Overseeing the Monitoring AML risk during the onboarding process for proposed new NPCI products, ensure sanction list/ OFAC/PEP and NL members are identified / taken up for action

5. Vendor Management

Onboarding Vendor by conducting due diligence, checking their finances, and providing a report if Vendor is suitable for onboarding. Post onboarding being part of audit, checking audit report and providing conclusion on the same. Also managing yearly audits.

6. Audit & compliance

Represent internal & external audits conducted by regulators, partners and third party auditors on AML compliance.

7. AML Risk Assessment (Ongoing) & AML Training and awareness:

Conducting AML Risk Assessment of member banks which are getting on-boarded for new products as per the guidelines. Employee awareness and training programs to be conducted in line with regulatory requirement.

Requirements

  • Education: Any Graduate
  • Certification: AML CAMS/CAMI/IIBF or any equivalent Certification

Experience:

  • Should have 5 – 8 years of prior experience, preferably from Banking, FinTech, payment gateway or aggregator background
  • Should have sound knowledge on risk assessment & STR filing processes
  • Should be confident & dynamic in terms of managing regulatory bodies, members & FIU
  • Should have good analytical ability in handling data / information and tools for transaction screening & monitoring knowledge of PMLA, RBI, FIU guidelines. Also having basic understanding of FATF, OFAC, BSA guidelines at an entity level

Required skills

Aml Audits Compliance Risk Assessment TRANSACTION MONITIRING

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