Compliance Analyst – AML | HDFC | Mumbai

Job Detail

Job Role: Compliance Analyst – AML

Job Responsibilities(JR) :

Alert Monitoring

To review alerts generated by AML system or monitoring based on exception reports
To analyze transactions vis-a-vis customer profile and establish bonafides of the transaction or identify as suspicious
Carry out enhanced due diligence (including media search) for cases found to be suspicious as per initial review
To liaise with branches / operations / product teams for clarifications on the alerts and/or report based monitoring
To update in the AML system and/or maintain records with reasonably non-arbitrary justification for closure of non suspicious alerts / transactions
Ensure that the data / records referred during analysis / closure of alerts and transaction monitoring are captured either in physical or softcopy for all future reference (including evidences for any investigation by internal or external bodies)

STR Reporting

To ensure timely review of alerts converted to cases, framing of Ground of Suspicion’ (GOS) and submission of cases to Team Leader for further review and recommendation
To liaise with branches / operations / product teams for completion of ground of suspicion to report STR
To report suspicious transactions to FIU-IND through the Suspicious Transaction Reporting (STR) process
To update STR reporting in the AML system and/or maintain records

Regulatory requirements, reporting and queries (specific areas as assigned)

To keep self, updated with all regulatory guidelines and key developments in AML domain and appear for mandatory AML courses as determined from time to time
To coordinate with the various teams and ensure timely receipt of data from various teams for regulatory reporting / queries.
To ensure that the customer risk profiling is done as per the policy and rules framed thereunder
To arrange and collect all relevant information as per queries received from regulators / LEA like RBI / SEBI / FIU-IND / Police or any other agency under statutory obligations

Adverse Media Scanning

To read newspaper / internet for current affairs related to individuals / entities involved in criminal or money laundering or terrorist activities and trigger caution if any of these individuals / entities are customer of the bank
To carry out media search on for cases found to be suspicious as per initial review (as a part of EDD)

Quality and Process Improvement

To ensure improvements and value additions to current processes and gaps identified in the existing processes
Ensure that processes for monitoring areas / scenarios assigned to the concerned AML officers are kept updated.
To suggest and implement fine tuning of scenario parameters for reduction of False positive alerts

Other tasks / roles

To maintain task tracker for self. plan, prioritize and regularly monitor important & priority assignments and track progress
Focus on quality of work done and ensure building a quality driven culture in the team
Any other task as assigned by Team Leader / Unit Head from time to time

Educational Qualifications:

Key Skills