Risk Investigator

**About PhonePe**

PhonePe is India’s leading digital payments platform with over 280 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold, and make investments. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. In 2017, PhonePe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, Corona Care, a dedicated insurance product for the COVID-19 pandemic among others.

PhonePe launched its Switch platform in 2018, and today its customers can place orders on over 300 apps including Ola, Myntra, IRCTC, Goibibo, RedBus, Oyo etc. directly from within the PhonePe mobile app. PhonePe is accepted at over 18 million merchant outlets across 500 cities nationally.

**Culture**

At PhonePe, we take extra care to make sure you give your best at work, Everyday And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us

**About the Team: -**

The PhonePe _AML & Sanctions Operations_ is a part of the Trust & Safety team which is a high impact team whose goal is to mitigate risk and improve the trust and safety for various PhonePe products. We are focused on safeguarding our platform from potential ML / TF risks by implementing various controls and timely actions. If your dream is to build processes and digital tools to better understand financial transactions and identify trends that would impact millions of customers, partnering with some of the best minds and executing on your dreams with purpose and speed, join us

**Roles & Responsibilities**:

- Identify and research the patterns, trends and anomalies in complex transactional & customer data to detect, prevent, mitigate & report suspicious activity related to ML / TF
- Monitoring and regulating high-risk activities for various PhonePe business verticals
- Documentation of Ground of Suspicion (GOS) for suspicious users / transactions and filing STR / SAR to the Financial Intelligence Unit - India (FIU-IND) as per RBI guidelines
- Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas
- Analyse comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalations
- To suggest process improvements, identify automation opportunities to improve operational efficiencies on various business / products
- Follow operational procedures on sanctions alert handling, including documenting the decision rationale
- Perform analysis of potential matches against sanctions lists alerted through sanctions screening of customers and transactions
- Addressing data requests received from various Legal Enforcement Agencies
- Identify modules for operational improvements and collaborate with cross functional teams for implementation
- Ability to understand and follow industry best practices for AML & Sanctions

**Qualifications**:

- Graduate and above preferably in Finance.
- Minimum of 2-3 years of relevant experience in Anti Money Laundering Investigations / Sanctions screening analysis.
- Good understanding of AML/CFT framework along with strong research and analytical skills
- Hands-on experience on Sanctions screening / KYC would be preferred.
- Familiarity with the process of STR reporting to FIU is preferred.
- Any AML certification would be an added advantage.
- Ability to work independently and to liaise with other departments and coordinate with various stakeholders.
- Team player with excellent written and verbal communication skills.
- Basic knowledge of Microsoft Excel and SQL

**PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)**
- **Insurance Benefits - **Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
- **Wellness Program -** Employee Assistance Program, Onsite Medical Center, Emergency Support System
- **Parental Support - **Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
- **Mobility Benefits - **Relocation benefits, Transfer Support Policy, Travel Policy
- **Retirement Benefits - **Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
- **Other Benefits - **Highe