AML OPS Analyst

Role/Skill: AML OPS Analyst
Location: Bangalore/Chennai
Experience: 10+ yrs of experience into AML
Skill: AML QC
Work Authorization: H1 / OPT / GC / Citizen
Band: BPO 3/4
Salary: up to 12.5 LPA
Notice Period: Immediate - 15 days


MUST HAVE TECHNICAL/FUNCTIONAL SKILLS 

- Basic understanding of AML regulations: Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws
- Analytical skills: Ability to identify patterns, analyze complex data, and draw logical conclusions from available information
- Attention to detail: High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale
- Investigative skills: Capability to gather and assess information from various sources to support decision-making
- Basic knowledge of financial products and services: Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities
- Reviewing alerts: Analyzing AML alerts generated in FCRM, and looking for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
- Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed
- Customer profile checks: Verifying customer information against existing records to understand the legitimacy of transactions and the customers expected activity
- Basic investigation: Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks
- Alert disposition: Deciding whether to close an alert as non-suspicious with no further action recommended or escalate it to a higher level for more robust and thorough investigations
- Documentation: Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
- Compliance adherence: Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures

ROLES AND RESPONSIBILITIES
- Basic understanding of AML regulations: Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws
- Analytical skills: Ability to identify patterns, analyze complex data, and draw logical conclusions from available information
- Attention to detail: High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale
- Investigative skills: Capability to gather and assess information from various sources to support decision-making
- Basic knowledge of financial products and services: Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities
- Reviewing alerts: Analyzing AML alerts generated in FCRM, and looking for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
- Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed
- Customer profile checks: Verifying customer information against existing records to understand the legitimacy of transactions and the customers expected activity
- Basic investigation: Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks
- Alert disposition: Deciding whether to close an alert as non-suspicious with no further action recommended or escalate it to a higher level for more robust thorough investigations
- Documentation: Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
- Compliance adherence: Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures

Requirements:
- PAN and DOB are required for profile creation