Hiring for Transaction Monitoring – Bangalore

Job Description

Hiring for Transaction Monitoring – Bangalore

We are currently hiring for multiple positions in Transaction Monitoring within the Global Banking Process. We are looking for professionals with strong experience in AML (Anti-Money Laundering) transaction monitoring and risk assessment.

Position Details

• Experience Required: 3 – 10 years (Minimum 3 years of relevant experience is mandatory)
• Location: Bangalore (Only local candidates will be considered)
• Work Mode: Hybrid
• Notice Period: Only candidates who are immediately available or currently serving their notice period

 Responsibilities

1. AML Alert Review and Analysis:

   • Review alerts generated by the AML transaction monitoring system to assess potential risks.
   • Identify patterns and red flags that indicate potential money laundering activities.
   • Evaluate transactional behavior in the context of customer profiles and historical activities.

2. Transaction and Risk Assessment:

   • Conduct comprehensive research using internal databases and external sources to determine whether an alert requires escalation.
   • Analyze customer transactions and assess if they align with expected account activity.
   • Identify risk factors and compliance concerns associated with financial transactions.

3. Investigation and Reporting:

   • Document findings with clear justifications for either closing or escalating an alert.
   • Maintain detailed case notes to ensure compliance with audit and regulatory standards.
   • Accurately determine if alerts should be escalated as suspicious transactions or if they can be reasonably explained.

4. Escalation and Additional Research:

   • Raise Requests for Information (RFI) when necessary for additional clarification on transactions.
   • Determine if additional investigation is required and escalate cases where responses are inadequate or non-compliant.
   • Work closely with compliance teams to ensure regulatory adherence and risk mitigation.

5. Regulatory Compliance and Best Practices:

   • Stay updated on industry regulations and emerging financial crime risks.
   • Ensure compliance with global AML policies, procedures, and regulatory guidelines.
   • Support process improvements by identifying gaps and recommending best practices in AML monitoring.

Candidate Requirements

• Strong understanding of AML regulations, transaction monitoring systems, and risk indicators.
• Experience in financial crime compliance, regulatory compliance, or transaction monitoring within banking or financial institutions.
• Ability to analyze complex financial transactions and detect suspicious activities.
• Proficiency in research tools and data analysis for financial crime investigations.
• Strong documentation skills with the ability to provide clear rationales for decisions.
• Attention to detail and the ability to work under strict deadlines in a high-risk compliance environment.

Application Process

Interested candidates should share the following details along with their updated resume:

• Current CTC (Cost to Company)
• Expected CTC
• Notice Period
• LinkedIn Profile (if available)

Please send your application  with the subject line “Application for Transaction Monitoring Role – Bangalore.”

This is an excellent opportunity for professionals looking to advance their career in AML compliance and transaction monitoring. We look forward to connecting with potential candidates who are committed to ensuring financial integrity and