Financial Crime Analyst

AML RightSource; Kolkata District; On-site; INR 500,000 - 750,000; Full time

Job summary

AML RightSource is seeking a Financial Crime Analyst to detect and investigate unusual financial activity and support KYC procedures. You will analyze data, research compliance issues, and provide written recommendations in a fast-paced environment.

The role requires a Bachelor’s degree with AML experience, strong communication, and proficiency in Excel/Word. Core hours are standard, with potential flexibility across time zones.

Qualifications

• Bachelor’s degree with 1 year AML/BSA, Fraud, or Compliance experience.
• Strong oral communication and ability to produce clear written summaries.
• Strong analytical, problem solving and organizational skills.
• Proficient in Excel & Word; ability to learn new technologies quickly.
• Ability to multi-task, work independently and as part of a team.

Responsibilities

• Evaluate and monitor transactional activity to assess potential suspicious activity.
• Verify client identity for KYC procedures to understand the relationship with the institution.
• Interpret and implement client-operating policies regarding financial data.
• Identify data anomalies and red flags for money laundering, financing, fraud or sanctions; escalate as needed.
• Submit written work for review by AMLRS and client QC teams; apply feedback.
• Adhere to timeframes and procedures to ensure on-time, accurate completion.
• Complete advanced tasks like peer support and training.
• Conduct quality reviews as needed.
• Meet production and quality standards for assignments.
• Work in a team-oriented and collaborative environment.
• Adhere to AML laws and company policies.

Skills

Analytical skills

Communication

MS Excel

MS Word

Teamwork

Education

Bachelor's Degree

Tools

Excel

Microsoft Word

Job description

A Financial Crime Analyst works with our clients (banks and non-bank financial institutions) to provide advice and counsel in order to help them fight financial crime and mitigate financial crime risks. The purpose of this role is to detect and investigate unusual financial activity by performing detailed monitoring of account activity and ensuring compliance with regulatory policies, operational policies, and/or reviewing client files for the purpose of performing Know your Customer (KYC) Procedures In short, you are on the front-line of making decisions as to how to keep our clients compliant with applicable law and regulations.

You will research and analyze various sources of data and provide written summaries of recommendations and conclusions as it relates to the identification of suspicious or unusual financial activity and/or reviewing client files for the purpose of performing Know your Customer (KYC) Procedures.

You will need to exercise discretion and judgment in the work and must be able to work efficiently and independently in a fast-paced, dynamic environment.

Primary Responsibilities:

• Evaluate and monitor transactional activity to assess potential suspicious activity.
• Verify the identity of clients to understand the nature and purpose of their relationship with the financial institution for the purposes of performing Know your Customer (KYC) Procedures.
• Interpret and implement client-operating policies regarding financial data.
• Identify data anomalies and red flags for money laundering, terrorist financing, fraud, sanctions violations, and elevate for second level review.
• Submit written work product for review by AMLRS and client-led quality control teams, make the requested adjustments as necessary, and apply the feedback going forward.
• Adhere to all designated timeframes and procedure to ensure on time and accurate completion of work.
• Complete advanced tasks, such as providing peer support and training.
• Conduct quality reviews, as needed.
• Meet production and quality standards for completing assignments.
• Work and contribute in a team-oriented and collaborative environment.
• Adhere to and comply with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering, as well as adhering to company policies and procedures and client requirements.

Required Qualifications:

• Bachelor’s Degree with 1 year of relevant AML/BSA, Fraud, or Compliance experience.
• Strong oral communication skills and ability to produce narrative and written summaries clearly synthesizing recommendations and conclusions.
• Strong analytical, problem solving and organizational skills.
• Proficient in Microsoft Excel & Microsoft Word, with ability to learn new technologies quickly.
• Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships.

Preferred Qualifications:

• Strong entrepreneurial spirit, highly collaborative, able to express ideas readily, manage change fluidly, able to influence and identify opportunities for improvement.

Normal Working Hours and Conditions

Core business hours are generally 8:00 am - 5:00 pm. However, this position may require work to be performed outside of the core business hours based on Company operations across different time zones.