Job Description

Job Role :

• Pre & post Account opening sampling of data for Risk Containment Unit

• Coordination with the RPC/Agency/ branch for all Account sampling

• Raising alerts to branches and follow-up on alerts for all negative cases

• Logical conclusion to all samples with either a negative or positive alert

• Process support visit to branches

The measurable will be –

• MIS to HO on monthly basis with detailed analysis of the cases.

• Trend analysis of both negative & positive alerts.

• Eye for detail

• Capability of pre-empting possible violation of KYC guidelines /processes

• Effectiveness of control on the branches in terms of tracking the alerts and adherence to the TAT.

Job Requirements :

• Excellent written and oral communication skills

• Thorough knowledge on KYC & processes

• Willing to travel outside the base location

• LMS Level 3 clearance – internal courses

• Minimum 2 years of work experience

• Good analytical skills

• Capability of pre-empting possible violation of KYC /controls/processes

• Conduct comprehensive screening and sampling of transactions, accounts, and customers to identify potential risks and anomalies.
• Analyze and interpret data to detect suspicious activities, ensuring compliance with regulatory standards.
• Collaborate with risk management, compliance, and legal teams to develop and implement effective screening and sampling strategies.
• Maintain accurate records and documentation of screening and sampling activities, ensuring data integrity and confidentiality.
• Stay updated with industry trends, regulatory changes, and best practices in risk management and compliance.
• Provide support and guidance to front-line staff on screening and sampling procedures, ensuring consistent implementation.
• Conduct periodic reviews and assessments of the screening and sampling processes to identify areas for improvement.
• Prepare and present reports on screening and sampling activities to senior management, highlighting key findings and recommendations.
• Liaise with external auditors and regulatory authorities during inspections and audits, providing necessary documentation and insights.
• Ensure the bank's screening and sampling processes align with its risk appetite and overall business strategy.

• Bachelor's degree in Finance, Business Administration, or a related field.
• Minimum 2 years of experience in risk management, compliance, or a similar role, preferably in the banking industry.
• Strong knowledge of regulatory requirements, especially related to anti-money laundering (AML) and know-your-customer (KYC) regulations.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data.
• Proficiency in using risk management and compliance software and tools.
• Attention to detail and a meticulous approach to work.
• Effective communication and interpersonal skills, with the ability to collaborate with diverse teams.
• Ability to work independently and manage multiple tasks simultaneously.
• Willingness to stay updated with industry developments and regulatory changes.
• Strong ethical standards and a commitment to maintaining confidentiality.