Compliance Analyst – AML | HDFC Bank | Mumbai

Vskills; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Vskills in Mumbai is seeking a Compliance Analyst – AML to monitor alerts, analyze transactions, and perform enhanced due diligence according to AML guidelines.

The role also involves monitoring adverse media, preparing STR reports to FIU-IND, and ensuring regulatory alignment while contributing to process improvements within a quality-driven team.

Qualifications

• Graduation (minimum) is required.
• IIBF certification is optional.

Responsibilities

• Alert Monitoring: Review alerts generated by AML systems and analyze transactions against customer profiles.
• Adverse Media Scanning: Monitor media for criminal or money laundering activities and conduct media searches.
• STR Reporting: Review alerts converted to cases and frame Grounds of Suspicion; liaison to complete STR reporting to FIU-IND.
• Quality and Process Improvement: Identify gaps and update monitoring processes for assigned scenarios.
• Regulatory Requirements and Reporting: Stay updated on AML guidelines and coordinate data for regulatory reporting.
• Other Tasks: Maintain trackers and support a quality-driven team culture.

Education

Graduation (minimum)

Education

Job description

Job Role: Compliance Analyst – AML

• Location: Mumbai

Education & Certifications

1. Education

• Graduation (minimum)

2. Certifications

• IIBF certification (optional)

Key Competencies

• Banking product and process knowledge
• Analytical abilities
• Oral and written communication
• Attention to detail
• Teamwork

Key Responsibilities

1. Alert Monitoring

• Review alerts generated by AML systems.
• Analyze transactions against customer profiles.
• Conduct enhanced due diligence for suspicious cases.
• Liaise with teams for clarifications.
• Maintain records for future reference.

2. Adverse Media Scanning

• Monitor media for criminal or money laundering activities.
• Conduct media searches for suspicious cases.

3. STR Reporting

• Review alerts converted to cases and frame Grounds of Suspicion.
• Liaise with teams to complete STR reporting.
• Report suspicious transactions to FIU-IND.
• Update STR reporting in AML systems.

4. Quality and Process Improvement

• Identify and address process gaps.
• Update monitoring processes for assigned scenarios.
• Suggest and implement scenario parameter improvements.

5. Regulatory Requirements and Reporting

• Stay updated on AML regulatory guidelines.
• Coordinate timely data receipt for regulatory reporting.
• Ensure customer risk profiling aligns with policies.
• Respond to regulator/LEA queries with relevant information.

6. Other Tasks

• Maintain and monitor task trackers.
• Focus on quality-driven team culture.
• Perform tasks assigned by Team Leader/Unit Head.