Analyst, Anti-Financial Crime Compliance (AFCC)

Location

Bangalore | India

Job description

• The Analyst, Anti-Financial Crime Compliance will form part of the Global Risk and Compliance (GRC) team to provide support across the business in relation to AFCC operational matters
• Reporting to the Senior Manager of AFCC, you would have sound knowledge of AML regulatory requirements and related industry best practices
• You will play a pivotal role in safeguarding our organisation against financial crimes, ensuring compliance with AML regulations and contributing to the overall integrity of our financial systems
• You will be responsible for conducting comprehensive reviews of merchant transactions, enhancing AML monitoring processes and ensuring compliance with regulatory requirements
• You will collaborate with cross-functional teams to implement the enhancements of AML systems, staying abreast of regulatory development to ensure our organisation remains at the forefront of compliance
• This role requires a solid understanding of AML/CFT practices while working with merchants, third party payment and banking partners in the Fintech and Payments space in addition to regulators
• Most importantly, you will be passionate about compliance, with a drive to contribute to and enhance the strong compliance culture and operational excellence across the company

Key Responsibilities

• Support Finmo s compliance efforts across multiple geographies
• Follow policies and procedures to ensure compliance with regulations, including but not limited to Anti-Money Laundering (AML) and Know Your Business (KYB)
• Utilise AML monitoring systems to conduct ongoing reviews of customer transactions and identify potential suspicious activities.
• Investigate alerts generated by the AML monitoring system, conduct thorough analysis of transaction data, and escalate suspicious activities as appropriate.
• Conduct enhanced due diligence and/or periodical reviews on high-risk customers and ensure compliance with Know Your Business (KYB) requirements.
• Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements and internal policies.
• Maintain accurate and up-to-date records of AML-related activities, including transaction reviews, investigations, and SAR filings.
• Regularly assess and improve transaction monitoring, screening and regulatory reporting processes to enhance efficiency, reduce turnaround time.
• Work closely with other cross-functional teams such as Product, Engineering, Onboarding, Operations and to be the Subject Matter Expert for AFCC matters

Required knowledge and experience

• Minimum 3 years of relevant experience within a financial services/technology firm, financial institutions or card schemes with expertise in transaction monitoring and screening
• Have sound technical knowledge and experience of APAC regional or Global Compliance requirements including deep understanding of financial institutions, payments, money service businesses, and/or banking compliance, including knowledge of AML/CTF, prudential, data protection, anti-corruption, fraud and consumer protection regulations.
• Proficiency in using AML monitoring systems and software, with the ability to analyse complex financial data.
• Excellent analytical and problem-solving skills, with the ability to effectively manage and prioritise multiple tasks.
• Experience in working hands-on with other cross-functional team leaders, such as onboarding team, product managers, data analysts, operations analysts in improving AFCC processes and systems
• Possess a getting-things-done mindset and demonstrate a strong work ethic as well as a high degree of integrity
• Methodical and systematic work approach with excellent time management, and possess a continuous improvement mindset.
• Strong analytical mindset with strong attention to detail, report writing and documenting outcomes of investigations

• Relevant and relatable experience in Payments / FinTech / Financial Institutions required
• Familiarity with card acquiring / issuing schemes highly desirable
• Experience and comfortable in establishing relationships with different departments
• Excellent verbal and written communication skills
• Strong project management and execution skills

Job tags

Salary