Hiring For Bank : Compliance Manager AMl/KYC : Chennai

Job Description

Hiring For Bank : Compliance Manager xe2x80x93 AMl/KYC : Chennai From 18 to 25 year(s) of experience 9 Not Disclosed by Recruiter Chennai or Roles and Responsibilities The role covers all aspects of AML, Counter Terrorist Financing ( CTF ), Trends associated with Trade based Money Laundering and Sanctions compliance and will involve supporting Withers to achieve compliance with regulatory and statutory responsibilities and working with key stakeholders across the business including managing elements of the work of the Compliance Team Be responsible for establishing the written policies and procedures regarding the AML/CFT, spearheading the Implementation of new regulations relating to AML and identifying new detection scenarios and fine tuning the existing scenarios based on the Money Laundering trend in accordance with the PML Act. Developing a deep understanding of payments product suite globally, enterprise financial crime controls, and AML/CFT and Sanctions policies and procedures. Lead teams to monitor, investigate and advice concerned parties by establishing clear accountabilities, roles and responsibilities to manage money laundering risk; establish a risk based approach to ongoing monitoring of customer activities; establish internal procedures to ensure that suspicious activity is reported in accordance with requirements prescribed by local laws and retain appropriate records of CDD, transactions and suspicious activity. Provide advice to all relevant departments/ divisions to perform their duties as AML Officers in accordance with the AML/CFT regulations e.g. account opening, PEP status, Trade finance, Sanction Screening and irregularity transactions including reporting the transactions as prescribed in regulations. Be responsible to conduct ongoing training courses including maintain the e-learning training presentation to be update to promote the awareness of the AML/CFT laws and regulations requirements of the bank and training on how to conduct the customer due diligence in accordance with the bankxe2x80x99s guideline and policy. Conduct self-assessment and work with different departments to follow up closure of gaps identified. Communicate key development and changes to the AML team. Ensure all management personnel and staffs are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT. Meet all regulatory requirements and recommendations for anti-money laundering compliance. Act as first point of contact to FIU India and other regulatory agencies. Co-operate with any lawful requests for information made by government agencies during their investigations. Provide for periodic review as well as timely updates to implement changes in regulations. Act as first point of escalation for AML/KYC in making decisions regarding with respect to AML risk assessment. Preparing regular reports on the results of internal auditing of compliance with the firms AML, CTF and Sanction compliance programme with a focus on (i) identifying and addressing any compliance concerns, and (ii) making recommendations to key stakeholders on any areas requiring attention. Provide regular AML, CTF and sanctions updates to key stakeholders and the Risk & Compliance team on issues raised or trends identified and to ensure they are up to date with applicable AML laws and regulations. Leading the automation projects of Compliance department and other initiatives from the Regulatory authorities from time to time. Role:Anti Money Laundering Salary: Not Disclosed by Recruiter Industry:Banking Department:Risk Management & Compliance Role Category:Security / Fraud Employment Type:Full Time, Permanent Key Skills AmlCddKYCBankingCompliance ManagementPepTrade FinanceSanctionAnti Money LaunderingAuditing Education PG:Any Postgraduate Company Profile SKILLVENTORY RPO Recruiter Name:Toshi Naik Contact Company:SKILLVENTORY Telephone:91-XXXXXXXXXX