Senior Associate

HR India Solutions; Bengaluru; On-site; INR 600,000 - 800,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Paid time off and holidays

Professional development opportunities

Job summary

PwC India in Bangalore seeks AML/KYC Analysts with 1.5–4 years of experience to join the Financial Crime Compliance team. The role involves handling KYC for clients of large banks, performing CDD, sanctions screening, and ongoing monitoring to ensure regulatory compliance.

Responsibilities include investigating transactions, maintaining KYC records, and collaborating with compliance and risk teams. A strong grasp of regulatory requirements and transaction monitoring tools is essential.

Qualifications

• Experience in KYC, AML compliance, or TM in banking.
• Familiarity with FATF, OFAC, Bank Secrecy Act, RBI MD guidelines.
• Experience with onboarding, periodic, and event-driven reviews for institutional clients.
• Strong communication and ability to work independently.
• Proficiency with transaction monitoring tools and databases.

Responsibilities

• Conduct client due diligence (CDD) for entities like Banks, Trusts, Funds, SPVs.
• Verify completeness and accuracy of client documents.
• Research using databases to verify client information.
• Investigate flagged transactions using transaction monitoring systems.
• Review customer activity to detect money laundering and fraud.
• Conduct sanction screening and adverse media screening and analyze results.
• Maintain KYC profiles and monitoring records.
• Perform ongoing monitoring reviews (periodic and event-driven).
• Collaborate with compliance, risk teams to address KYC issues.
• Suggest improvements to AML/KYC processes.
• Stay updated on regulatory requirements and best practices.

Skills

KYC

AML compliance

Transaction monitoring

Regulatory knowledge

Education

Bachelor's degree in finance, accounting, business, or related field

Job description

Job Title: AML / KYC Transaction Monitoring (L1/L2 Reviewer)

Company: PwC India

Location: Bangalore

Job Type: Full-time

Experience Level : 18 to 48 Months

Summary:

We are seeking skilled AML/KYC Analysts with 1.5-4 years of experience to join our dynamic team in the

Financial Crime Compliance. The ideal candidate will be experienced in carrying out KYC process for

clients of large multi-national banks; Will be familiar with country specific regulation and be familiar

with the tools and databases used in the KYC process to conduct due diligence on clients by gathering

and analyzing client information to verify compliance with regulatory requirements.

Responsibilities:

1. 1. Conduct client due diligence (CDD) to gather information such as identity verification, source of funds, and beneficial ownership for different entity types like Banks, Trust, Funds, SPV etc.
2. 2. Perform initial checks on client documents and data to ensure completeness and accuracy.
3. 3. Support in conducting research using various databases and sources to verify client information.
4. 4. Conduct in-depth investigations of flagged transactions to identify patterns, trends, and anomalies using the advanced transaction monitoring systems and tools to analyze financial transactions for potential suspicious activities.
5. 5. Review and assess customer account activity to detect and prevent money laundering, fraud, and other illicit financial activities.
6. 6. Conduct sanction screening and adverse media screening of customers using specialized tools and databases and analyze screening results to identify matches with sanctioned individuals, entities, or countries.
7. 7. Maintain accurate documentation for all clients, including KYC profiles and ongoing monitoring records.
8. 8. Conduct reviews for ongoing monitoring of client accounts, including periodic reviews and event driven reviews.
9. 9. Collaborate with internal stakeholders including compliance officers, risk management teams to address KYC-related issues and provide guidance on regulatory requirements.
10. 10. Continuously participate to evaluate and enhance AML and KYC processes and procedures to improve efficiency and strengthen compliance controls.
11. 11. Stay updated on regulatory requirements, industry trends, best practices related to AML, KYC, TM and CFT compliance.

Requirements:

1. 1. Bachelor's degree in finance, accounting, business, or related field.
2. 2. 1.5 to 4 years of experience in KYC, TM, AML compliance, or a related role within the banking industry.
3. 3. Strong understanding of financial regulations, including but not limited to FATF, OFAC, Bank Secrecy Act, RBI MD and other global and local Anti-Money Laundering (AML), and Know Your Customer (KYC) guidelines.
4. 4. Experience with conducting on-boarding / periodic / event driven reviews for Institutional clients
5. 5. End to End KYC experience including customer / RM outreach
6. 6. Experience with KYC for complex entities with complex ownership structure, presence in multiple jurisdictions etc.
7. 7. Proficiency in using transaction monitoring tools and software platforms.
8. 8. Effective communication skills, both verbal and written, with the ability to communicate findings and recommendations clearly and concisely.
9. 9. Ability to work independently and collaboratively in a fast-paced environment.

Preferred Qualifications:

1. 1. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS).
2. 2. Experience working with large-scale banking or financial institutions.
3. 3. Familiarity with regulatory requirements specific to the jurisdiction in which the bank operates.

Benefits:

• Competitive salary
• Health insurance
• Paid time off and holidays
• Professional development opportunities

Points to be noted

• Ensuring compliance with relevant anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.Remain abreast of with changes in regulations and industry best practices.
• Documenting and maintaining records of transaction monitoring activities.
• Review of L1/L2alerts generated by the transaction monitoring system for corporate/individual customers based on pre-defined rules and thresholds by analyzing customer transactions for patterns or activities that deviate from established norms or indicate potential illegal activity.
• Assess the risk associated with different customer types and transactions and flag suspicious transactions, such as those potentially related to money laundering, terrorist financing, or other financial crimes.
• In depth Analysis of transaction data, including customer information, transaction details, and historical patterns, to assess the risk of suspicious activity.Utilizing transaction monitoring systems and tools to analyze data and identify anomalies.
• Identify potential red flags and anomalies that may indicate money laundering, terrorist financing, or other financial crimes.
• Escalate potential suspicious activity to senior reviewers or relevant authorities, as per established protocols.
• SAR Filing, Prepare reports and summaries of findingsRole & responsibilities