Associate - Assistant Manager : AML & CFT Systems & Assurance

System Implementation & Data Analytics

• Participate in the implementation, enhancement, and User Acceptance Testing (UAT) of AML & CFT compliance systems.

• Develop UAT test cases, coordinate user testing activities, and provide feedback for continuous system improvements.

• Perform data analysis to identify risks, transaction trends, and assurance review findings.

• Collaborate with IT and project teams to integrate analytics-based monitoring and reporting tools.

MIS, Reporting & Quality Assurance

• Compile, analyze, and maintain MIS reports related to assurance reviews and compliance activities.

• Prepare consolidated reports and presentations as per management requirements.

• Develop dashboards and periodic summaries highlighting key risk indicators (KRIs) and compliance performance.

• Maintain and analyze various compliance trackers, including alerts, CTRs, STRs, and other regulatory reporting metrics.

AML & CFT Assurance

• Conduct AML & CFT assurance reviews (both on-site and virtual) of branches, divisions, and offices in line with the approved annual plan.

• Develop and prepare assurance review frameworks, sampling plans, and management dashboards to support effective reporting and oversight.

Policy, Governance & Compliance Framework

• Assist in reviewing and updating AML & CFT policies, guidelines, circulars, user manuals, and Standard Operating Procedures (SOPs).

• Support the Unit Head in reviewing organizational policies, Product Program Guidelines (PPGs), forms, and procedures from a compliance perspective.

• Liaise with regulators to ensure the timely submission of reports, responses, and implementation of regulatory directives.

Transaction Monitoring & Investigations

• Conduct rule-based transaction monitoring through the AML system to identify suspicious or unusual activities.

• Review and validate suspicious transactions and activities and initiate the filing of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs), where applicable.

• Assist in investigating AML-related alerts and support the resolution and escalation process as required.

• At least 2 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors

• Bachelor’s/Master’s degree in a relevant discipline from a UGC-approved university.

• No third division/class or equivalent CGPA is allowed at any stage of the academic career.

• Preferably completed Banking Diploma courses (JAIBB & AIBB)

• Age At least 24 years

• Professional certifications in AML-related fields, such as CAMS or CEAF, are preferred.

• Proficiency in MS Office Suite (Word, Excel, PowerPoint, Outlook) and ability to adapt to new software quickly.

• Strong communication, organizational, and time-management skills, with attention to detail.

• Ability to work independently and collaboratively in a team environment.

• Analytical and problem-solving abilities, with a focus on critical thinking.

• Professional demeanor, with a flexible attitude and a commitment to company values and responsibilities.