Transaction Monitoring Analyst

IDFC FIRST Bank; Thane; On-site; INR 600,000 - 900,000; Full time

Job summary

Idfc First Bank Limited is seeking a Transaction Monitoring Analyst to vigilantly monitor fund transfers for potential AML concerns and prepare STRs and summaries for senior management.

You will work within the Risk function, analyzing data from multiple sources to provide comprehensive risk assessments and timely reporting.

Qualifications

• Bachelor's degree in relevant fields (Math, Commerce, Arts, Science, Biology, Business, Computers, Engineering, Management or equivalents).
• 2–5 years of total experience in related AML/risk roles.
• Experience with AML monitoring and STR reporting is desirable.

Responsibilities

• Investigate suspicious activity across funds transfers.
• Monitor AML activities for assigned business units.
• Aggregate data from multiple sources to support risk assessment.
• Create Suspicious Transaction Reports (STRs).
• Advise business units on AML concerns and activity.
• Identify trends that present risk to the company.
• Ensure adherence to bank guidelines and policies.
• Contribute to risk strategies aligned with the bank’s objectives.

Skills

AML monitoring

Risk analysis

Data aggregation

STR reports

Compliance guidelines

Education

Bachelor's degree

Job description

Job Requirements

Job Title: Transaction Monitoring Analyst

Function: Risk

Job Purpose: The role holder has the responsibility to carefully monitor fund transfers for the bank, report for any suspicious activity or AML for the assigned businesses. It entails creating Suspicious Transaction Reports, summaries, and presentations for senior management to develop strategies aligning to the larger objectives of the bank.

Roles & Responsibilities

• Investigate suspicious activity, including all forms of funds transfers.
• Perform AML monitoring of assigned businesses, support autonomous reviews and investigations.
• Aggregate data from multiple sources to provide a comprehensive assessment.
• Create Suspicious Transaction Reports (STRs)
• Advise the assigned businesses units on AML suspicious activities.
• Identify economic and financial trends that may present a risk to the company.
• Assure adherence to the guidelines set by the bank.
• Support in developing risk strategies and processes that support the Bank's customer first approach and are aligned to the Bank's strategic and commercial objectives.

Education Qualification (Fulltime)

Bachelors in Math’s / Commerce / Arts / Science / Biology / Business / Computers / Engineering / Management / any other.

Experience

2 to 5 years of total experience.