AML Associate/Senior Associate

Waystone; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

Waystone in Mumbai seeks an AML/Investor Services professional to join a dynamic team. You will process and review investor information, perform AML/KYC screenings, and liaise with AML leads to complete client reviews.

The role requires adapting to rotational shifts and maintaining compliance with regulatory deadlines. Your responsibilities include maintaining up-to-date AML knowledge, supporting money movement notifications, and delivering quality service to clients while adhering to procedures

Qualifications

• 1-3 years in AML or similar role.
• Bachelor/Master in Business/Finance/Banking required.
• Willingness to work in rotational shifts and within Investor Services & AML teams.

Responsibilities

• Process/review investor information with AML reference.
• Coordinate with Investor Services/AML leads to complete client reviews.
• Carry out AML reviews, KYC screenings and sanctions/PEP checks.

Skills

AML

KYC

Due Diligence

Investor Services

Banking

Education

Bachelor/Master in Business/Finance/Banking

Tools

MS Office

Job description

Summary

This role is for Mutual Fund, Hedge Fund & Private Equity Industry which includes functions like Subscription, Redemption, AML, Payment, Reporting, Capital Call, Distribution Call etc. The incumbent needs to understand the laws of the region supported and perform day-to-day work in accordance with procedure set for an activity. The role needs to work in rotational shift and there would be shifts starting at 1.30 PM.

ESSENTIAL DUTIES AND RESPONSIBILITIES

This role offers the opportunity for the successful candidate to join a dynamic team and to develop their knowledge and skills base to enjoy a career in AML/Investor Services in the Funds industry.

• Accurately process and / or review investor information with specific reference to AML
• Independently liaise in a timely and professional manner with the Investor Servies/Dealing Team, AML Team Leads to complete the client review process
• Carry out AML reviews, reviews of Incorporation and KYC documents, financial Sanction & PEP screenings and independent research on new/onboarding and existing investors
• Review of investor accounts of varying degrees of complexity to ensure the relevant Customer Due Diligence requirements are met
• Maintain an up-to-date knowledge of AML regulation and best practice and uses this knowledge to promote enhancements to Waystone’s AML processes and procedures
• Maintain checklists/procedures in relation to the AML process
• Ensure all internal and external service levels and regulatory deadlines are met
• Ensure Quality targets are met
• Provide money movement notification to the client(s) and prepare wire instructions for money movement for fund investor activity
• Serve as client operational contact for AML and maintain good relationship with clients.
• Query, problem and error resolution on a timely basis
• Strictly adhere to established departmental procedures and controls
• Work on Projects / Ad-hoc tasks as required
• Demonstrate team player qualities within Investor Services
• Contact investors for whom there are outstanding AML / Tax requirements

Human skills and abilities

• Strong analytical and investigative skills.
• Attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Proficiency in MS Office and familiarity with Fund industry
• Willingness to work in Rotational Shifts & any department within Investor Services & AML team
• Demonstrate team player qualities within Investor Services

Governance & Risk

• To assist with query handling, quality error analysis, identify root cause and help with solutions to close the gaps.
• Provide periodic reports to Manager on team performance
  

Education:

• A Bachelors or Master’s Degree in Business Or Finance Or Banking related discipline from a reputed College/University.

Experience:

• 1-3 years of experience in AML or similar role.

Work timings

Shift starting at 1.30 PM