Anti-Money Laundering/Transaction Monitoring Analyst

Sps

0 Years

30000 - 40000 Monthly

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Posted: 22 Apr 25

Job Description

We are seeking a highly analytical Anti-Money Laundering/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.
*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

Key Responsibilities:

Transaction Monitoring and Analysis:
- Review and analyze financial transactions, ensuring compliance with anti-money laundering (AML) regulations.
- Use transaction monitoring systems to detect unusual or suspicious activities, such as large or complex transactions, patterns inconsistent with customer profiles, or unusual activity in dormant accounts.
- Investigate alerts generated by monitoring systems and escalate as needed.
- Maintain accurate records of investigated transactions, findings, and actions taken.
KYC (Know Your Customer) and Due Diligence:
- Perform thorough KYC and Customer Due Diligence (CDD) checks to verify customer identity and assess risk.
- Collect, review, and update client documentation and ensure it meets regulatory requirements.
- Conduct enhanced due diligence (EDD) for high-risk clients or complex transactions.
Suspicious Activity Reporting:
- Prepare and file Suspicious Activity Reports (SARs) or equivalent with regulatory authorities when suspicious transactions are identified.
- Ensure all reports are accurate, timely, and comply with local regulations.
- Collaborate with senior analysts, compliance officers, and legal teams to assess risk and decide on appropriate actions.
Regulatory Compliance and Reporting:
- Stay updated with changes in AML regulations and industry best practices.
- Assist in the preparation of reports for regulatory agencies, internal audits, and management.
- Help maintain and improve the organization's AML program, ensuring ongoing compliance with global and local regulations.
Risk Assessment and Mitigation:
- Perform risk assessments on new and existing clients to determine the potential for involvement in financial crimes.
- Assist in the identification of emerging risks, trends, and typologies in money laundering and terrorist financing activities.
- Collaborate with internal teams to implement controls and processes to mitigate identified risks.
Collaboration and Training:
- Work closely with other departments, such as legal, risk management, and internal audit, to ensure cross-functional alignment on compliance initiatives.
- Assist in training new employees on AML policies and procedures.
- Support the development and delivery of ongoing training programs to enhance staff awareness of money laundering risks and compliance requirements.
Audit and Record-Keeping:
- Maintain detailed and accurate documentation of all investigations, SARs, and customer files in accordance with company policies and regulatory requirements.
- Assist in audits and internal reviews of AML processes and transaction monitoring systems.
- Ensure compliance with record-keeping requirements for AML-related documents and reports.

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 fresher 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
What are the salary requirements for this job?
- Ans: The salary range is between 30000 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.