AML & Trade Compliance - Mumbai - Andheri

Job Description:

Job Purpose

To ensure the bank’s adherence to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations by implementing, monitoring, and improving compliance programs, policies, and controls. The role will focus on identifying, assessing, and mitigating AML/CTF risks while supporting business operations in maintaining regulatory compliance.

Key Responsibilities

• Transaction Monitoring: Review and analyze customer transactions to identify suspicious activity in accordance with AML laws and internal policies.
• Customer Due Diligence (CDD) / KYC: Conduct and review KYC checks for onboarding and periodic reviews of customers (Retail, Corporate, Private Banking).
• Enhanced Due Diligence (EDD): Perform deeper investigations for high-risk clients, PEPs, and sanctioned entities.
• Suspicious Activity Reporting (SAR): Investigate alerts, prepare internal escalation reports, and file Suspicious Transaction Reports (STRs) with regulatory authorities when necessary.
• Sanctions Screening: Monitor and review customer and transaction data against sanctions lists (OFAC, UN, EU, HMT, etc.).
• Regulatory Compliance: Ensure compliance with AML laws, FATF guidelines, and local regulatory requirements.
• Training & Awareness: Conduct periodic AML awareness training for staff and provide guidance on compliance policies.
• Policy Development: Assist in developing, reviewing, and updating AML/CTF policies and procedures.
• Audit & Regulatory Support: Coordinate with internal audit, external auditors, and regulators during AML inspections or reviews.
• Data Management: Maintain accurate records of investigations, reports, and customer documentation in compliance with data retention policies.