AML 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.

Key Skills & Competencies

• Strong understanding of AML/CTF laws and regulations (e.g., FATF, local AML Acts, KYC Guidelines).

• Knowledge of banking products, customer segments, and transaction flows.

• Analytical and investigative skills with attention to detail.

• Ability to interpret and apply complex regulatory requirements.

• Strong written and verbal communication skills.

• Proficiency in AML systems and screening tools (e.g., Actimize, Mantas, SAS, Fircosoft).

• High ethical standards and integrity.

Qualifications & Experience

• Bachelor’s degree in Finance, Law, Business, Accounting, or a related field.

• Professional certification preferred (e.g., CAMS, ICA Diploma in AML, ACAMS, or equivalent).

• 2–5 years of relevant experience in AML, financial crime, or regulatory compliance within a bank or financial institution.

• Familiarity with international AML standards and local regulatory frameworks.