Senior Process Associate

Job Description

- Review subject information obtained from multiple sources such as internal and subscription databases, provided documentation, public records, and open-source research.
- Review system generated alerts for potential risks, assess if additional EDD procedures are required to mitigate identified risks associated with that subject, and provide a written recommendation to conduct additional EDD procedures, in accordance with client and internal procedures.
- Determine if a subject is on a sanctions, watch, debarment, political exposure, or other prohibited entity list using proprietary databases and public records research, as necessary.
- Conduct targeted public records and open-source research to identify a subject s corporate, professional and risk profile such as criminal and civil litigation profile, regulatory profile, debt profile, and adverse media profile; and
- Provide comprehensive and detailed written narrative of findings and potential risks.
- The AML CDD team performs customer due diligence reviews and seeks to mitigate risks associated to customers risk profile. They apply research and analytic techniques to digest complex information sets to make logical and adequately supported determinations regarding risk profile of the customer.
- The CDD process includes the following steps: Performing complete CDD KYC Risk assessment of the client s customers profile, which includes (but not limited to) -
- Review subject information obtained from multiple sources such as internal and subscription databases, provided documentation, public records, and open-source research.
- Review system generated alerts for potential risks, assess if additional EDD procedures are required to mitigate identified risks associated with that subject, and provide a written recommendation to conduct additional EDD procedures, in accordance with client and internal procedures.
- Determine if a subject is on a sanctions, watch, debarment, political exposure, or other prohibited entity list using proprietary databases and public records research, as necessary.
- Conduct targeted public records and open-source research to identify a subject s corporate, professional and risk profile such as criminal and civil litigation profile, regulatory profile, debt profile, and adverse media profile; and
- Provide comprehensive and detailed written narrative of findings and potential risks.
- The CDD process includes the following steps: Performing complete CDD KYC Risk assessment of the client s customers profile, which includes (but not limited to) -
- Reviewing customer information obtained from multiple sources like internal database, documentations, third party vendors, Internet research.
- Verifying the customer s identity and assessing the risks associated with that customer.
- Screening customers against prohibited lists.
- Reviewing transactions and identifying suspicious or high-risk activities.
- Ensures accuracy of information gathered and provides comprehensive narrations on the customers risk profile.
- Utilize such information in detecting, monitoring, and reporting suspicious activity.
- Perform background checks using various screening tools and take decisions whether to report the risk.

What you will need:

- Must be a Graduate or postgraduate in finance or any related streams from a recognised university.
- Minimum 3 years of experience assessing and reviewing system generated and manual AML alerts for potentially suspicious activity.
- Experience working on EDD, investigative due diligence, customer due diligence or other risk-based public records and open-source research review.
- Working knowledge of PEP screening, sanctions screening, and adverse media screening processes.
- Working knowledge of public records and open-source research.
- Experience working at MNCs in global processes in Financial Services or Regulatory compliance.
- Experience working for financial institutions, such as banks (preferably global), NBFCs, or other Financial Institutions.
- Experience working in a Global AML-CDD/EDD/KYC/Transaction Monitoring or other Banking/Financial Services or Financial Services Regulatory compliance processes.
- Solid Excel skills.
- Effective oral and written communication skills.

What would be nice to have:

- Certifications in AML process.
- Willing to work in night shifts or rotational shifts based on the business requirements.

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