Team Member - AML/KYC Compliance

Piramal Finance; Mumbai Suburban; On-site; INR 700,000 - 900,000; Full time

Job summary

Piramal Finance is seeking a vigilant AML/KYC professional to support the company framework for AML, CFT, KYC and sanctions compliance. The role covers transaction monitoring, alert investigation, customer due diligence, screening and regulatory reporting to RBI and FIU-India.

The incumbent will work on escalation, documentation and MIS for Senior Management and Audit Committees, ensuring confidentiality and adherence to internal policies.

Qualifications

• Graduate or postgraduate in Finance, Commerce, Banking, Law, Risk Management or related discipline.
• AML certifications such as ACAMS, CAMI, ICA AML, IIBF AML or equivalent would be an advantage.
• Prior experience in AML/KYC/Compliance within a bank, NBFC, fintech or financial institution is preferred.

Responsibilities

• Monitor transactions and investigate, analyse and disposition AML alerts.
• Conduct customer and transaction screening, including due diligence on screening hits and adverse media checks.
• Support KYC/CDD, Enhanced Due Diligence (EDD), customer risk assessment and Beneficial Ownership identification, particularly for high-risk customers.
• Assist in identifying and reporting suspicious transactions and other regulatory reports to FIU-India/RBI within prescribed timelines.
• Maintain comprehensive documentation and audit trails for AML reviews, investigations, dispositions and regulatory reporting.
• Prepare AML MIS and management reports for Senior Management, Board, Compliance and Audit Committees.
• Support internal, statutory and regulatory audits/inspections by providing required AML/KYC records, information and clarifications.
• Monitor closure of AML/KYC action points and escalate material AML concerns and overdue actions.

Skills

AML/KYC knowledge

Transaction monitoring

Analytical skills

Communication skills

MS Excel

Education

Finance/Commerce degree

Tools

MS Excel

Job description

LOCATION: Kurla, Mumbai

JOB OVERVIEW:

The incumbent will support the companys Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), KYC and sanctions compliance framework. The role involves transaction monitoring, alert investigation, customer due diligence, screening and regulatory reporting, ensuring compliance with applicable RBI, PMLA and FIU-India requirements.

QUALIFICATIONS & CERTIFICATIONS:

• Graduate/Postgraduate in Finance, Commerce, Banking, Law, Risk Management or related discipline.
• AML Certifications such as ACAMS, CAMI, ICA AML, IIBF AML or equivalent would be an advantage.
• Prior experience in AML/KYC/Compliance within a bank, NBFC, fintech or financial institution is preferred.

ESSENTIAL SKILLS AND EXPERIENCE:

• Good understanding of AML/KYC, CDD/EDD, sanctions screening and transaction monitoring.
• Basic knowledge of PMLA, RBI KYC/AML guidelines and FIU-India reporting requirements.
• Strong analytical and investigative skills. Good written and verbal communication skills along with Strong documentation and report-writing skills.
• Ability to maintain confidentiality and handle sensitive customer information.
• Proficiency in MS Excel and other standard office applications.

KEY RESPONSIBILITIES:

• Monitor transactions and investigate, analyse and disposition AML alerts, including identification and escalation of potentially suspicious or unusual activities.
• Conduct customer and transaction screening, including due diligence on screening hits and adverse media checks, with appropriate documentation.
• Support KYC/CDD, Enhanced Due Diligence (EDD), customer risk assessment and Beneficial Ownership (BO) identification, particularly for high-risk customers and complex entities.
• Assist in identifying and reporting suspicious transactions and other applicable regulatory reports to FIU-India/RBI within prescribed timelines, and maintain relevant records and regulatory communications.
• Maintain comprehensive documentation and audit trails for AML reviews, investigations, dispositions and regulatory reporting.
• Prepare AML MIS and management reports for Senior Management, Board, Compliance and Audit Committees.
• Support internal, statutory and regulatory audits/inspections by providing required AML/KYC records, information and clarifications.
• Monitor closure of AML/KYC action points and escape material AML concerns, compliance breaches and overdue actions to the reporting manager.
• Ensure assigned activities are carried out in accordance with the Companys AML/KYC framework, internal policies and applicable regulatory requirements.
• Keep abreast of applicable RBI, FIU-India and other AML/KYC regulatory developments and assess their impact on business processes, systems and controls.
• Coordinate with internal stakeholders and external service providers for effective execution of AML/KYC activities.

Piramal is an equal opportunity employer. Qualified applicants will be considered without regard to age, gender, marital status, sexual orientation, gender identity or expression, disability, or religion.