AML Transactional Monitoring - Senior Analyst Job Description and Candidate Expectation Candidate must have minimum of 7 years of banking experience with 5 years in a transaction monitoring unit for a multinational retail bank Must perform transaction monitoring investigation on cases escalated by the upstream process so as to determine and escalate / report any suspicious activity related to money laundering or terrorism financing Must ensure internal compliance to Central Bank?s AML regulations and Banks AML policy by accurate analysis and investigation of RFIs adhering to the laid down procedures. Must validate and provide feedback on RFIs which are being recommended for closure or SAR / Exit based on the investigation performed by the analysts in order to mitigate bank?s ML risk. Should maintain and providing of accurate MI as instructed on all aspects. Must undertaking any testing requirements on the AML or related systems that is required on account of system enhancements/upgrades and ensuring that such tests are conducted accurately and within the prescribed deadlines working with business compliance and system management team. Review policy and procedure and provide feedback for any changes. Supervise the RFI team and guide them on cases to case basis to take appropriate action. Ensure accurate investigation of alerts and cases adhering to the laid down procedures. Aiding the Group Compliance in ad-hoc Compliance projects and investigations. Close alerts, cases where there are no suspicious or refer alerts to Business Compliance unit/s where further information is required, or assistance is required to take a decision due to the complexity of the issue. Must Monitor and mitigate risk in a timely and effective manner whilst keeping Senior Management, Compliance fully informed of action taken and the outcomes. Timely recommending and concluding potential Suspicious Transaction for SAR to be reported to Central Bank. Must Have Skills Ability to understand Complex Regulatory and Compliance requirements within the retail banking space. Transaction Monitoring experience and good knowledge of financial crime compliance within the global banking sector Sound knowledge required in Banking Laws and requirements like BSA/AML/KYC Ability to understand Complex legal entities and transactions between similar counterparties and be able to judge whether the transaction is suspicious. Experience of working on systems like Actimize, Lexis Nexis, Adverse Media interpretation Knowledge of banking products like Insurance, Annuities, Mortgages, loans, credit cards etc. General awareness about money laundering trends and terrorism financing Knowledge of regulations like banking secrecy act, USA Patriot Act, OFAC regulations, FinCEN (financial crimes enforcement network) etc. Knowledge of sanctions, SARs (suspicious activity reports), CTRs (currency transaction reports) etc. Knowledge of high-risk countries, businesses, PEPs (politically exposed persons) etc. Advanced Proficiency required in English Language to create disposition narratives. Perform assignments/deals/tasks of high complexity and resolving queries. Basic domain knowledge about US Bank Regulatory challenges in transaction monitoring & subsequent risk management. Must be flexible with global working hours.