Join our team in Mumbai, Maharashtra, India, as a Transaction Monitoring Analyst within the Compliance department. This role focuses on monitoring transactions to identify potential suspicious activities related to trade-based money laundering (TBML) and ensuring compliance with regulatory guidelines.
| Job Description | Details |
|---|---|
| Company Name | IDFC FIRST Bank |
| Post Name | Transaction Monitoring Analyst |
| Employment Type | Full-time |
| Job Location | Mumbai, Maharashtra, India |
| Job Category | Accounts, Finance, Audit, Secretarial, Compliance & Legal |
| Job Type | Fresher/ Entry (0-2 years) |
| Job Requisition ID | 133209 |
| Experience Required | 0-2 years |
Job Purpose:
As a member of the Trade Based Money Laundering (TBML) team, you will be responsible for identifying and monitoring transactions as per regulatory provisions and guidelines to prevent money laundering and terrorist financing activities.
Roles & Responsibilities:
- Analyze red flags/alerts generated by the Anti-Money Laundering (AML) system to identify potential suspicious activity.
- Review reports related to cross-border remittances to detect suspicious transactions.
- Analyze unusual transaction patterns based on predefined scenarios in the system.
- Forward AML alerts to branches for enhanced due diligence and follow-up until resolution.
- Timely reporting of suspicious transactions and executing instructions from law enforcement agencies.
- Maintain up-to-date knowledge of money laundering, trade-based money laundering, terrorist financing issues, regulations, and industry trends.
- Assist in identifying procedural weaknesses and recommend additional training requirements or process improvements.
Education Qualification:
- Graduation: Any Graduation
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Important Notice and Disclaimer:- CareerBoostZone platform is a free Job Sharing platform for all the Job seekers. We don’t charge any cost and service fee for any job which is posted on our website, neither we have authorized anyone to do the same. Most of the jobs posted over Seekajob are taken from the career pages of the organizations. Jobseekers/Applicants are advised to check all the details when they apply for the job to avoid any inconvenience.
