Assistant Manager - AML Analytics

SBI Card; Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

SBI Card in India is seeking an AML compliance professional to create, analyze and monitor watchlists, investigate suspicious transactions, and strengthen processes to reduce money laundering risk.

You will work with Risk and Credit teams, track regulatory developments, and prepare dashboards and reports for senior management while ensuring adherence to FATF/FIU recommendations.

Qualifications

• Ability to detect emerging compliance and industry trends and develop appropriate responses.
• Ability to operate with due discretion, confidentiality, objectivity and independence.
• ACAMS certification.

Responsibilities

• Conduct Money Laundering Risk Assessment (MLRA) for the business.
• Develop & enhance transaction monitoring & watchlist screening processes & capabilities.
• Monitor industry regulatory activities and other trends through early warning systems to take preventive actions.
• Conduct half yearly risk profiling for Retail and Corporate Card customers and roll out memos with Credit & Risk teams.
• Participate in yearly Validation and Optimization exercise for AML tool.
• Prepare and disseminate AML dashboards/reports to the Senior management.
• Monitor implementation of AML related audit recommendations by auditors & regulators and ensure timely closure.
• Monitor timely submissions of various reports to RBI/FIU and other stakeholders.
• Drive implementation of ad-hoc projects with FATF/FIU recommendations.

Skills

Trend detection

Discretion/confidentiality

Education

ACAMS certification

Job description

Job Description

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto Make Life Simple inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

Create, analyze and closely monitor the watchlist, suspicious transaction trends, processes, customer behavior patterns, platform gaps and ensure required process improvements are implemented to minimize instances of money laundering.

Role Accountability

1. Conduct Money Laundering Risk Assessment (MLRA) for the business
2. Develop & enhance transaction monitoring & watchlist screening processes & capabilities
3. Monitor industry regulatory activities and other trends (external and internal) through appropriate early warning systems in order to take pre-emptive actions
4. Conduct half yearly risk profiling for Retail and Corporate Card customers and roll out of memo along with Credit & Risk team
5. Participate in yearly Validation and Optimization exercise for AML tool
6. Prepare and disseminate AML dashboards/reports to the Senior management
7. Monitor implementation of AML related audit recommendations by internal/external auditors & regulators and ensure its timely and effective closure
8. Monitor timely submissions of various reports/returns/responses to RBI/FIU and other key stakeholders
9. Drive implementation of any ad-hoc projects with regards to FATF/FIU recommendations

Measures of Success

1. No significant regulator penalties/fines
2. Timely closure of Validation & Optimization Activity
3. Timely closure of MLRA
4. Accuracy in customer risk profiling
5. Timely & accurate submission of AML dashboards/reports
6. Process adherence as per MOU

Technical Skills / Experience / Certifications

1. Ability to detect emerging compliance and industry trends and develop appropriate responses
2. Ability to operate with due discretion, confidentiality, objectivity and independence
3. ACAMS certification

Competencies critical to the role

1. Stakeholder Management
2. Process Orientation
3. Detail Orientation
4. Problem Solving Skills
5. Analytical Ability

Qualification

Graduate in any discipline

Preferred Industry

FSI