Designation – Junior Process Associate
PRIMARY DUTIES AND RESPONSIBILITIES
·Analyzing customer’s transactions for evidence of money laundering, fraud, or other illegal activities. Follow-up, review, and investigate ‘unusual activity’ and ‘Red flags’ and escalate to concerned team.
- Conduct comprehensive research and background investigations on transactions, individuals, entities, organizations, or locations to identify and mitigate risks through documenting findings.
§ Identifying and Verifying customer name and address in public domain search
§ Review the business profile.
§ Identify their accurate business description.
§ Validate their registration as per the submitted documents.
§ Identify and verify the ownership details.
§ Review the risk profile of the customer.
§ Review customer transactions for any unusual pattern and risk associated.
§ Detailed narrative summary of the customer profile and the risk identified including the mitigation points.
·Daily review and analysis of surveillance items flagged as potentially suspicious transactions or exceptions.
·Assisting in drafting and filing of investigative reports.
·Conducting an end-to-end and meticulous review of potential illegal or suspicious activity.
·Completing a time-sensitive and meticulous analysis of each instance of potential Anti-Money Laundering activity and/or suspicious financial activity across multiple jurisdictions and countries.
·Assessment of customer profiles and client data to identify whether activity is consistent with typical purchasing/payment activity, including Acceptable Use Policy adherence and Know Your Customer efforts; and
·Documenting findings in narrative style format, in the manual and automated process case management system and prepare updates to Project Managers / Team Leads as appropriate.
SKILLS and OTHER REQUIREMENTS
·Ability to detect and mitigate red flags for potential financial crime, including money laundering, terrorism financing activities and fraud, as it appears in transactional data.
·Good computer skills (Strong proficiency in Microsoft Excel and Word.)
·Good English Comprehension skills and English communication skills - written and verbal.
·The ability to quickly learn new skills and subject matter.
- The ability to apply newly acquired skills using logic and reasoning to sets of transaction data.
- The ability to multi-task and effectively prioritize tasks.
- A highly motivated, driven, and dynamic attitude towards work and career.
·The ability to excel within a team environment and independently.
·Willingness to work in extended shifts, weekends/holidays and night shifts (work as per the project requirements to meet the project goals).
QUALIFICATION and Experience
·M.B.A or M.Com (full time)
·0-2 years