AML Compliance

Phenom Placement
  • Bangalore
  • 10-15 lakh
  • 7-12 years
  • Views
  • 26 Dec 2016

  • Compliance/ Regulatory

  • Banking - Retail
Job Description

Role Description:
Compliance division is responsible for coordinating enterprise-wide Anti-Money Laundering (AML)/Bank Secrecy Act, anti-bribery, government sanctions, and anti-boycott compliance efforts. Also provides AML-related services to clients subsidiaries worldwide. These services include: developing and implementing policies and procedures; performing customer due diligence and enhanced due diligence; screening against Office of Foreign Asset Control (OFAC) and other government sanctions lists; conducting automated and manual transaction monitoring including E-communications, investigating potential violations of law, regulation or firm policy by employees and/or clients; reporting suspicious activity; coordinating training of relevant employees; and liaising with law enforcement and regulatory authorities
Reviewing Client Identification Program (CIP)/ Client Onboarding escalations and providing advice to ensure compliance with local and internal AML policies
Conducting Enhanced Due Diligence (EDD) on prospective and existing clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and reviewing client documentation
Managing document retention in accordance with applicable AML regulations and firm policies
Updating, drafting and implementing applicable KYC/Client Onboarding policies and procedures
Providing training to employees on KYC/Client Onboarding related topics
Collaborating closely with the global Anti-Money Laundering/Suspicious Activities Group, the Government Sanctions Group, the Anti-Bribery Group, the Electronic Communications Surveillance Group, and the Global Surveillance Group

Job Posted By

About Organisation

Phenom Placement