Team Member - AML-SUPPORT SERVICES-Compliance

Kotak Mahindra Bank; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Kotak Mahindra Bank is seeking a Team Member in the AML Cell – Compliance to monitor transactions, analyze red flags and forward alerts for due diligence.

You will file CTR/STR/NTR reports, stay updated on KYC/AML regulations, and support training to address procedural gaps. Candidates with 3+ years of banking experience and strong Excel skills are preferred; familiarity with core banking systems is essential.

Qualifications

• Analytical mindset with ability to monitor transactions and identify unusual patterns.
• Strong communication skills for reporting and collaboration.
• Proficiency in Microsoft Excel and data analysis is essential.
• Knowledge of KYC/AML/CFT regulations and surveillance practices.
• Ability to maintain accuracy and attention to detail in audit trails.

Responsibilities

• Analyze red flags and alerts from AML system to identify suspicious activity.
• Assess unusual transaction patterns based on system-defined scenarios.
• Forward AML alerts to branches for enhanced due diligence.
• Timely reporting of suspicious transactions and compliance with enforcement instructions.
• Update negative databases as applicable.
• Prepare and file CTR/CCR/NTR/STR/CBWTR reports to FIU India within deadlines.
• Maintain current understanding of AML/financing trends and regulatory developments.
• Identify procedural weaknesses and recommend training or process improvements.

Skills

Analytical skills

Communication skills

Excel proficiency

KYC/AML knowledge

Attention to detail

Regulatory awareness

Education

Graduate / Post Graduate

Tools

Core Banking System

Microsoft Excel

Job description

Job role – Team Member –AML Cell – Compliance

Responsibilities

• Analysis of red flags / alerts generated by AML system to identify potential suspicious activity.
• Analysis of unusual pattern of transactions based on various scenario defined in the system
• Forward AML alerts to branches/respective businesses for carrying out enhanced due diligence and follow-up for ultimate closure of the alerts
• Timely reporting of suspicious transactions and execution of instructions from law enforcement agencies
• Updation of names in negative database as and when applicable
• Preparation and filing of CTR/CCR/NTR/STR/CBWTR Reports to FIU India within prescribed time frame.
• Maintain current understanding of money laundering/ terrorist financing issues including processes, policies, procedures, regulations and developing trends.
• Assist in identifying systemic procedural weakness and additional training requirements/ process revisit if any.

Job Requirements

• Graduate / Post Graduate with at least three years of Banking experience
• Well versed with functioning of Core Banking System
• Familiar in working on Microsoft office mainly "Excel". Possessing "V-lookup" skills will be added advantage
• Good communication skills (spoken and written)
• Analytical skills with regard to monitoring of transactions, identification of unusual transactions with an eye for detail will be an added advantage
• Should keep himself / herself conversant with the current developments related to KYC / AML / CFT monitoring
• Additional qualification / certification in AML would be preferred.