Anti-Money Laundering / Transaction Monitoring Analyst

Sps

1 to 2 Years

25000 - 40000 Monthly

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Posted: 04 Apr 25

Job Description

We are seeking a highly analytical AML/Transaction Monitoring Analyst to oversee financial transactions, detect suspicious activities, and ensure compliance with anti-money laundering (AML) regulations. The ideal candidate will have a keen eye for detail, strong investigative skills, and knowledge of AML laws and financial fraud detection.

Key Duties:

*Monitor transactions to detect suspicious activities

*Ensure compliance with AML regulations and internal policies

*Conduct investigations and file reports as needed

*Collaborate with compliance and risk teams

*Notice period / Only Immediate Joiners

*Experience: 1-2 years in AML/TM

*Salary: 30% hike on previous salary

*Work Model: Work from Office

*Rotational Weekly Off: (5 days working / rotational week off)

Key Responsibilities:

Transaction Monitoring:
- Monitor and analyze transactions in real-time to identify suspicious patterns or behaviors that may indicate money laundering, fraud, or other financial crimes.
- Review and assess flagged transactions or customer activity reports from transaction monitoring systems (e.g., Actimize, SAS, or other AML software).
- Conduct ongoing monitoring of high-risk accounts, large transactions, and complex transactions to ensure compliance with regulatory requirements.
Investigations and Analysis:
- Investigate potentially suspicious transactions and customer behaviors by collecting, analyzing, and reviewing relevant data.
- Document investigation findings, including the nature of the suspicious activity, potential risks, and evidence supporting the analysis.
- Prepare Suspicious Activity Reports (SARs) or equivalent documentation and escalate them to the compliance team or relevant authorities when necessary.
Risk Assessment:
- Assist in assessing and identifying customers or transactions that may be deemed high-risk based on internal risk policies or regulatory requirements.
- Provide input into customer due diligence (CDD), enhanced due diligence (EDD), and ongoing risk assessments of clients or accounts.
- Help assess and monitor compliance risks, providing recommendations for mitigating actions when required.
AML Compliance:
- Ensure that all activities and transactions are in full compliance with AML laws, regulations, and industry standards.
- Assist in maintaining and updating the organization's AML policies and procedures in line with changes in regulations and best practices.
- Stay updated on developments in AML regulations and trends to effectively manage and mitigate new risks.
Reporting:
- Generate regular and ad hoc reports for senior management regarding transaction monitoring results, investigations, and compliance.
- Prepare detailed reports and summaries of findings for external auditors, regulatory bodies, or law enforcement agencies, when necessary.
- Maintain a log of all suspicious activities, investigations, and their outcomes, ensuring thorough documentation for future reference and regulatory audits.
Collaboration with Internal Teams:
- Collaborate with other departments, such as Legal, Compliance, Risk, and Customer Service, to resolve issues and ensure seamless AML processes.
- Liaise with senior management to discuss trends, emerging risks, and to update the organization on the status of ongoing investigations or suspicious activity.
Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD):
- Assist in performing CDD and EDD on clients, ensuring that all customer onboarding and monitoring is done in accordance with regulatory requirements.
- Ensure that KYC (Know Your Customer) procedures are followed, and complete checks to verify the identity and legitimacy of clients.
Internal Audit and Compliance Checks:
- Assist with internal audits of AML processes and transaction monitoring activities to ensure proper documentation and adherence to compliance requirements.
- Work with internal and external auditors to address any gaps or non-compliance issues identified during audits.
Training and Awareness:
- Participate in ongoing training and professional development in AML regulations and best practices.
- Support the creation and delivery of training programs to raise awareness of AML policies among staff.

More information about this Anti-Money Laundering / Transaction Monitoring Analyst Job

Please go through the below FAQs to get all answers related to the given Anti-Money Laundering / Transaction Monitoring Analyst job

What are the job requirements to apply for this Anti-Money Laundering / Transaction Monitoring Analyst job position?
- Ans: A candidate must have a minimum of 1 to 2 year experience as an Anti-Money Laundering / Transaction Monitoring Analyst

What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com, BA, BBA/BBM, BSc, LLB
What are the salary requirements for this job?
- Ans: The salary range is between 25000 and 40000 Monthly. The Salary will depend on the interview. This Anti-Money Laundering / Transaction Monitoring Analyst is a Full Time in Chennai.
What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
This Anti-Money Laundering / Transaction Monitoring Analyst is a work from home job?
- Ans: No ,its not a Work from Home Job.
How many job vacancies are opening for the Anti-Money Laundering / Transaction Monitoring Analyst position?
- Ans: There are immediate 1 job openings for Anti-Money Laundering / Transaction Monitoring Analyst in our Organisation.