Hiring for Transaction Monitoring Consultant – Pune
Our client is a prominent financial institution located in Midtown, offering dynamic opportunities to grow your career in the financial services industry. They are currently looking for a Transaction Monitoring Consultant to join their team and play a key role in managing risk and ensuring compliance with BSA/AML regulations.
Responsibilities:
As a Transaction Monitoring Consultant, you will be responsible for:
- Performing Due Diligence: Analyze alerts generated from Transaction Monitoring Systems (Mantas), conducting in-depth reviews of flagged transactions to assess risk.
- Risk Identification and Escalation: Timely identify potential risks and suspicious activities, escalating cases for further investigation and action, including the preparation and filing of Suspicious Activity Reports (SARs).
- Documenting Findings: Maintain supporting documentation to justify conclusions and decisions made during investigations, ensuring all actions comply with internal procedures and regulatory requirements.
- Assisting with Projects: Contribute to ad-hoc projects, such as new-hire training programs and Mantas implementation tasks (User Acceptance Testing (UAT), ATL/BTL).
- Ongoing Monitoring: Support ongoing monitoring activities for intermediary wires and correspondent banking relationships, ensuring compliance with the institution’s AML programs and the identification of Red Flags and Typologies.
Required Skills & Experience:
- Bachelor’s Degree in a relevant field (e.g., Business, Finance, or Economics).
- 1-3 years of experience in transaction monitoring, preferably with a focus on correspondent banking and intermediary wire transactions.
- Strong understanding of BSA/AML regulations, Red Flags, and Typologies related to money laundering and terrorist financing.
- Hands-on experience with Mantas or similar transaction monitoring systems is preferred.
- Proven ability to analyze complex financial data, identify patterns, and make informed decisions on cases.
- Ability to work independently and as part of a team, managing multiple cases simultaneously while adhering to deadlines.
- Strong communication skills, with the ability to effectively document findings and present cases to senior management.
Why Join Our Client?
- Be part of a leading financial institution with a reputation for excellence.
- Take on a key role in the correspondent banking division, where your expertise will directly impact the firm’s AML efforts.
- Access to career development opportunities within a dynamic, growing financial services environment.
- Work on exciting projects, including Mantas implementation and training initiatives for new hires.
How to Apply:
If you meet the qualifications and are interested in joining a top-tier financial institution in a rewarding role contact us.
