Analyst - Legal Compliance

Our PurposeWe work to connect and power an inclusive digital economy that benefits everyone everywhere by making transactions safe simple smart and accessible Using secure data and networks partnerships and passion our innovations and solutions help individuals financial institutions governments and businesses realize their greatest potential Our decency quotient or DQ drives our culture and everything we do inside and outside of our company We cultivate a for all employees that respects their individual strengths views and experiences We believe that our differences enable us to be a better team - one that makes better decisions drives innovation and delivers better business results Title and SummaryAnalyst - Legal ComplianceJob Title Compliance Analyst - AML - Mastercard Send Location Pune Maharashtra India Department Legal Compliance Reports To Manager Position Summary We are seeking a meticulous and proactive Compliance Analyst to join our AML team within the Cross-Border division The successful candidate will play a crucial role in detecting preventing and reporting money laundering activities ensuring compliance with both local and international AML regulations Key Responsibilities 1 AML Compliance o Ensure that the companys AML policies and procedures are in line with relevant laws and regulations o Stay current with changes in AML regulations and adjust internal processes as necessary 2 Transaction Monitoring o Conduct ongoing monitoring of cross-border transactions to identify unusual or suspicious activities o Utilize AML software to analyse transaction patterns and generate alerts for further investigation 3 Investigations and Reporting o Investigate alerts and cases of potential money laundering activities o Prepare and file Suspicious Activity Reports SARs with regulatory authorities as required o Maintain detailed records of investigations and actions taken 4 Risk Assessment o Conduct periodic AML risk assessments to identify and mitigate potential risks associated with cross-border transactions o Assist in developing and implementing risk mitigation strategies 5 Policy Development and Training o Assist in the development and updating of AML policies procedures and training materials o Provide AML training and guidance to staff members to ensure awareness and compliance 6 Collaboration o Work closely with other compliance team members the Customer Onboarding team and other departments to ensure a cohesive approach to AML compliance o Liaise with external parties including financial institutions and regulatory bodies as necessary 7 Audit and Review o Support internal and external audits by providing necessary documentation and information o Conduct regular reviews of AML processes and controls to ensure their effectiveness Qualifications Bachelors degree in business Finance Law or a related field Minimum of 3 years of experience in an AML compliance role preferably within the financial services industry Strong knowledge of AML laws regulations and best practices Experience with cross-border transactions and international AML compliance requirements is highly desirable Excellent analytical and investigative skills Strong attention to detail and ability to handle sensitive information with confidentiality Effective communication and interpersonal skills Proficiency in Microsoft Office Suite and familiarity with AML compliance software tools Preferred Qualifications Experience in a credit card or payments company Fluency in English languages Corporate Security ResponsibilityAll activities involving access to Mastercard assets information and networks comes with an inherent risk to the organization and therefore it is expected that every person working for or on behalf of Mastercard is responsible for information security and must Abide by Mastercards security policies and practices Ensure the confidentiality and integrity of the information being accessed Report any suspected information security violation or breach andComplete all periodic mandatory security trainings in accordance with Mastercards guidelines