Associate Analyst/Senior Analyst- Correspondent Banking

AML Rightsource; Dadri, Greater Noida, Gurugram District; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

AML Rightsource is seeking an Analyst to lead investigations of high-risk wire alerts within correspondent banking, mentoring juniors and ensuring regulatory defensibility. The role requires hands-on experience in correspondent banking TM, SAR/STR reasoning, and engagement with escalations.

The candidate should have 4–7 years in TM, with at least 2–3 years in correspondent banking TM, and possess AML/KYC/EDD knowledge across sanctions and negative media checks.

Qualifications

• Bachelor's degree in relevant AML/financial crime field.
• 4-7 years in Transaction Monitoring with correspondent banking experience.
• SAR/STR preparation and filing experience.
• CAMS/CFE or similar certifications are preferred.

Responsibilities

• Lead investigations of high-risk wire transaction alerts in correspondent banking.
• Perform enhanced due diligence on respondent banks and high-risk entities.
• Assess sanctions, KYC/EDD checks to verify customer identities and risk profiles.
• Prepare case narratives and filing recommendations for SAR/STR.
• Mentor junior analysts and review quality of cases for regulatory defensibility.
• Collaborate with CB RM, Sanctions, Legal, and Compliance on high-risk cases.

Skills

AML knowledge

Analytical skills

Investigation skills

Communication skills

Mentoring

Education

Bachelor's degree in relevant field

Master's degree or relevant certification (a plus)

Tools

Actimize

Mantas

Job description

Roles

The Analyst leads complex investigations of alerted wire transactions arising from the bank's correspondent banking relationships, providing subject-matter expertise on correspondent banking risk typologies. This role requires prior hands-on experience specifically in correspondent banking transaction monitoring, and involves mentoring junior analysts, quality review of cases, and direct engagement with escalations, SAR/STR decisioning, and regulatory examinations.

Key Responsibilities:-

• Independently review, investigate, and disposition complex/high-risk wire transaction alerts specific to correspondent banking relationships (nostro/vostro, payable-through accounts, nested relationships).
• Perform enhanced due diligence (EDD) on respondent banks, underlying originators/beneficiaries, and higher-risk jurisdictions.
• Understanding of KYC, CDD, EDD, Sanctions, negative media & PEP checks to verify customer identities and assess risk profiles.
• Assess transactions involving high-risk jurisdictions, nested banking, structuring, round-dollar payments, and other correspondent banking red flags.
• Identify and analyse correspondent banking-specific red flags (nesting, transaction layering, unusual cover payment patterns, sanctions evasion, trade-based money laundering indicators).
• Make final recommendations on SAR/STR filing and prepare filing narratives where required.
• Prepare clear, concise, and well-supported case narratives documenting investigation findings, rationale for closure or escalation, and recommendations for suspicious activity reporting where required.
• Conduct quality assurance review of alerts cleared by Analysts to ensure completeness, accuracy, and regulatory defensibility.
• Act as an escalation point for complex or ambiguous alerts and provide guidance to junior team members.
• Liaise directly with Correspondent Banking Relationship Managers, Sanctions team, Legal, and Compliance on high-risk cases.
• Support internal audits, regulatory examinations, and independent testing by providing case rationale and evidentiary documentation.
• Assist in tuning transaction monitoring scenarios/rules specific to correspondent banking risk based on emerging typologies.
• Train and mentor new Analysts on correspondent banking TM processes and typologies.
• Track industry developments, regulatory guidance (e.g., Wolfsberg Group, FATF), and sanctions updates relevant to correspondent banking.
• Support quality control activities and address feedback, rework, and process-related queries.
• Act as a subject matter expert (SME) for process-related queries.
• Support management during audits, client reviews, and regulatory examinations.
• Drive adherence to operational controls, policies, and procedures.
• Assist in achieving team productivity, quality, and client service goals.

Required Qualification & Experience

• Bachelor's degree and relevant AML/Financial Crime experience (Master's degree or relevant certification is a plus).
• 4-7 years of overall Transaction Monitoring experience, including a minimum of 2-3 years of direct experience in correspondent banking transaction monitoring (nostro/vostro alert review, respondent bank due diligence).
• Proven experience handling SAR/STR preparation and filing.
• Professional certifications such as CAMS, CFE, or other relevant financial crime compliance certifications are preferred.
• Act as a subject matter expert (SME) for process-related queries.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities and meet strict deadlines.
• Experience with AML systems such as Actimize, Mantas, or similar platforms is preferred.

Skills & Competencies:-

• Good understanding of AML, KYC, Sanctions, and Financial Crime regulations
• Knowledge of correspondent banking payment flows.
• Strong analytical and investigative skills.
• Ability to identify and assess financial crime red flags.
• Excellent written and verbal communication skills.
• Strong attention to detail and decision-making abilities.
• Ability to work independently and manage competing priorities
• High level of judgment and decision-making capability in ambiguous, high-risk scenarios.