Job Purpose

The prospective candidate shall handle work related to:

• Analysis of AML transaction monitoring alerts generated through monitoring systems.
• Review of closed AML alerts to identify quality issues, trends, and emerging ML/TF risks.
• Preparation of periodic MIS, dashboards, and management reports.
• Identification of unusual customer behavior, suspicious patterns, and monitoring gaps.
• Data extraction, validation, and analytical review of alert populations.
• Tracking closure quality and TAT adherence for AML investigations.
• Coordination with business, operations, fraud risk, and technology teams for alert-related information.

Duties and Responsibilities

• Conduct sample-based and thematic review of closed AML alerts to assess quality and consistency of investigations.
• Perform analytical review of AML transaction monitoring alerts and identify unusual trends.
• Prepare periodic MIS on alert volumes, productivity, closure trends, backlogs, and exceptions.
• Assist in monitoring compliance with internal AML/CFT policies, RBI guidelines, and PMLA requirements.
• Support preparation of regulatory submissions, audit requirements.
• Analyze large datasets using Excel and other analytical tools to identify risk patterns.
• Escalate significant deficiencies, suspicious trends, and process gaps to reporting manager.
• Maintain documentation and audit trail of analytical reviews performed.
• Support development of dashboards and key risk indicators relating to AML monitoring.

Key Decisions / Dimensions

• Identification and escalation of unusual alert trends and potential monitoring gaps.
• Selection of samples for quality review of closed AML alerts.
• Highlighting exceptions requiring management attention.
• Recommending process improvements and analytical enhancements in transaction monitoring controls.

Major Challenges

• Managing and analyzing large volumes of AML alerts and investigation data.
• Identifying meaningful risk indicators amidst high volumes of false-positive alerts.
• Ensuring consistency in review of alerts across multiple products and customer segments.
• Understanding evolving AML typologies, regulatory expectations, and risk indicators.
• Coordinating with multiple stakeholders for data gathering and validation.

Required Qualifications and Experience

Skills:

• Basic understanding of RBI KYC Directions, PMLA, AML/CFT requirements, and transaction monitoring concepts.
• Strong analytical and problem-solving skills.
• Good knowledge of MS Excel, PowerPoint, and data analysis techniques.
• Ability to work with large datasets and generate meaningful insights.
• Good written and verbal communication skills.
• Attention to detail and investigative mindset.
• Ability to work independently and manage multiple assignments.
• Knowledge of AML systems, transaction monitoring tools, SQL, Power BI, or data analytics tools will be an added advantage.

Qualifications:

• Graduate / Post-graduate in Commerce, Finance, Management, Statistics, Economics, or related discipline.
• Professional certifications in AML/KYC, Financial Crime Compliance, or Data Analytics will be an added advantage.

a) Work Experience

• 1 to 3 years of experience in Operations, AML Operations, KYC, RCU, Risk Analytics, Internal Audit, or related functions.
• Freshers with strong analytical aptitude and interest in AML/KYC may also be considered.
• Prior exposure to transaction monitoring alerts, AML investigations, MIS preparation, or data analytics would be preferred.