Risk and Compliance Associate - Bengaluru, Karnataka, India - Primeindus Fintech Solutions||Indusspay

Primeindus Fintech Solutions||Indusspay
Primeindus Fintech Solutions||Indusspay
Verified Company
Bengaluru, Karnataka, India

3 weeks ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

Job Overview:


As a
Risk and compliance associate you should have expertise in Anti-money Laundering (AML) and Customer Identification Program (CIP) compliance.

You will be responsible for ensuring compliance with regulatory requirements and implementing effective Know Your Customer (KYC) procedures.

You will play a crucial role in identifying and mitigating risks associated with Business onboarding and ongoing transactions, preventing financial crimes such as money laundering and fraud.


Key Responsibilities:

-
Entity Identification:Verify the identity of customers through meticulous review of documentation, databases, and third-party sources. Conduct due diligence to ensure accuracy and completeness of customer information.
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Compliance Monitoring:Stay abreast of relevant KYC and AML regulations, ensuring the organization's policies and procedures are in compliance. Implement changes to KYC processes as necessary to meet regulatory requirements.
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Documentation and Record Keeping:Maintain accurate and up-to-date merchants records, including identification documents and relevant information. Ensure documentation complies with internal policies and regulatory standards.
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Suspicious Activity Reporting:Identify and report any unusual or suspicious activities promptly in accordance with regulatory guidelines. Collaborate with internal stakeholders and regulatory authorities as needed.
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Training and Awareness:Conduct training sessions for employees to enhance awareness of KYC and AML policies and procedures. Provide ongoing guidance to teams on best practices for customer due diligence.
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Technology Utilization:Leverage KYC technology tools and systems to streamline processes, enhance efficiency, and maintain accuracy. Stay updated on advancements in KYC technology and recommend improvements to existing systems.
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Entity Communication:Communicate with customers to collect necessary information, address discrepancies, and ensure compliance with KYC requirements. Handle customer inquiries related to the KYC process.
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Audit and Monitoring:Participate in internal and external audits, providing documentation and insights on the effectiveness of the KYC program. Implement corrective actions based on audit findings.


Qualifications and Skills:


  • Bachelor's degree in finance, business, or a related field.
-
Experience extensive AML compliance:

-
Preparation and filing of CTR/CCR/STR/NTR to FIU-IND:


  • In-depth knowledge of KYC and AML regulations.
(RBI Guidelines):


  • Strong analytical skills and attention to detail.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and collaboratively in a team.
  • Familiarity with KYC technology solutions.

Salary:
₹300, ₹450,000.00 per year


Benefits:


  • Paid sick time
  • Provident Fund

Schedule:

  • Day shift
  • Fixed shift

Supplemental pay types:

  • Yearly bonus

Ability to commute/relocate:

  • Bangalore, Karnataka: Reliably commute or planning to relocate before starting work (required)

Education:


  • Bachelor's (required)

Experience:


  • AML Process in
Indian Company: 3 years (required)

  • KYC Process in
Indian Company: 3 years (required)

  • RBI Guidelines and recent laws for AML/

KYC:
3 years (required)

  • FIU-
Financial Intelligence Unit: 3 years (required)


Work Location:
In person

Expected Start Date: 25/03/2024
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