Analyst - Anti-Money Laundering (Compliance and Remediation)

Job Description

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

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About KPMG In India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Purpose

 Review level 2 AML alerts in line with the Procedure document and Red Flag document

 To escalate any positive alerts to country FCC for their review and decision

 To ensure implementation of AML policies in line with the procedures in vogue

 To work with stakeholders on AML related issues.

 To continuously provide input to stakeholders on improving the overall AML process – including system related.

Key Responsibilities

 Review pre and post transaction alerts from an AML perspective

 Ensure that appropriate systems, procedures and controls are in place in line with the existing policies and are operating efficiently for Trade

 Ensure timely submissions of monthly MIS with respect to Trade AML alerts and reports to management

 Ensure timely review and escalation of alerts

 Coordinating rollout across all markets in line with the group implementation plan

 Coordinate IT initiatives / issues with respect to system in use by Operations / AML Advisors

 Coordinate BCP / DR testing in addition to taking appropriate measure for managing a crisis situation

 Build skill and talent by undertaking local / international certifications relating to AML

 Initiate and drive operational excellence activities.

 Secure 'Acceptable' audit ratings for the unit and ensure timely resolution of audit and AML risk related issues

 Provide inputs to the training team on AML as required

 Conduct regular connects with the Operations' team in Trade, to share cases and new learning, if any.

 Ensure low levels of attrition in the AML team.

 Conduct regular skip levels with the staff in the team to ensure employee morale is high

 To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.

Risk Management

 Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.

 Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

Governance

 In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and / or activities are ceased

Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex / gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.

Qualifications

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Qualified Graduate with minimum exp of 0-1 year post qualification.

Skills Required

Aml, Surveillance, Risk Management