FinCrime Compliance - Staff

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Job Description: Transaction monitoring Analyst (Staff)

 

Financial Crime Operations

 

The Compliance team at EY GDS partners with other EY offices across the globe to provide anarray of compliance solutions to our clients. The team works on short to long termengagements to assist in establishing, maintaining, and reviewing the outputs of businessfunctions and compliance programs.

 

Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-briberycontrols, sanctions compliance and fraud are a high focus for regulated businesses andexternal scrutiny as regulation and practice continues to evolve. Responsible for developingand overseeing the financial crime and fraud prevention framework, designed to ensureclient(s) are compliant, protected from risk and loss from financial crime.

 

 

The Opportunity

 

As a part of our Global Managed Services Delivery team, you will be working with EY officesacross the globe to provide an array of compliance solutions to our clients. The team works onshort to long term engagements to provide assistance in establishing, maintaining andreviewing the outputs of business functions and compliance programs.

 

Our Financial Crime Consulting team consists of hundreds of professionals who advise anddrive change for the firm's banking, capital markets, insurance, and asset management clientsin Financial Crime. Our Financial Crime Consulting team specializes in several areas, including:

 

• AML transaction monitoring
• SAR drafting
• Fraud Investigation
• Crypto investigation
• Customer screening
• Payment screening filtering for Sanctions, PEPs and adverse media
• KYC Remediation
• Compliance testing and FATCA
• Financial crime risk assessment reviews 
• AI Tools & Automation

 

 

Key Responsibilities

 

As a Financial Crime Compliance Analyst, you will predominantly support the compliance teamin the financial crime space. You will help businesses comply with financial crime regulationsand adhere to relevant client(s) policies and procedures related to anti-money laundering andcounter-terrorist financing.

 

• Multi-tasker, learn on the job and work to meet strict deadlines in a fast-paced environment
• Devising process documentation and translating complex processes into easy-to-followinstructions
• Coordinating efforts with internal stakeholders as appropriate
• Work as a member of a team to ensure operational readiness of applications and processes required to conduct AML program requirements
• Seek to understand the overall process and objective before beginning to work on a task
• Escalate issues and problems, articulate clearly to leadership, onshore and client team
• Demonstrate integrity, respect and be able to work collaboratively with team members
• Apply AI tools and automation techniques to support financial crime compliance workstreams.

 

 

Proficiency in Transaction Monitoring Space:

 

• Customer transactions: Oversee transactions, including transfers, deposits, and withdrawals, to identify suspicious activity
• Customer Information Review: Assess historical and current customer data and interactions to detect potential financial crime risks
• Suspicious Activity Reporting (SARs): Investigate and report suspicious activity, including Anti-Money Laundering (AML) concerns, for assigned business units
• In-depth understanding of Transaction monitoring and risks in each Segment:
  • Wealth Management Risk: Familiarity with the unique risks associated with wealth management, such as high-net-worth client transactions and complex financial instruments
  • Commercial Banking Transactions: An understanding of the risks inherent in commercial banking transactions, including due diligence requirements for loan transactions, deposits, and trade finance activities
  • Corporate Transaction Monitoring: Knowledge of the process for monitoring corporate client transactions, identifying potential risks in business accounts, and ensuring compliance with relevant regulations
  • Correspondent Banking Risk Detection: Familiarity with the risks associated with correspondent banking relationships, including cross-border transactions, and ensuring compliance with international AML standards

 

 

Skills and Attributes for Success

 

• Time management skills to be able to manage deadlines effectively
• Exhibit analytical skills and attention to detail while maintaining a holistic view and logical thinking
• Demonstrate working knowledge of AI-enabled tools and technologies to improve research, analysis, investigation quality and operational efficiency.
• Proficiency in Generative AI and prompt engineering, with the ability to design effective prompts and leverage AI tools to enhance research, analysis, problem-solving, and operational efficiency.

 

 

To qualify for the role, you must have:

 

• Bachelor's /Master’s degree in finance, accounting, economics, law, or a related field
• 1-3 years of work experience in AML Transaction Monitoring
• Demonstrated experience in a consulting role or within a large corporate environment, with a strong understanding of global Financial Crime Compliance practices
• Good understanding of SAR drafting and AML regulatory reporting.
• Strong analytical skills and the ability to interpret complex financial data
• Good understanding of banking industry, its products, and services
• Experience analysing financial/bank statements
• Experience in interpreting policy documents
• Willingness to work from office; 5 days a week
• Willingness to work on Indian Holidays as per client requirement
• Willingness to work in shifts, if required
• Willingness to travel, within the country and internationally as required
• Proficiency in transaction monitoring systems and other emerging AI capabilities and tools.

 

 

Ideally, you'll also have

 

• Good English communication skills - written as well as verbal
• Possess energy, enthusiasm, and the courage to lead
• PC Proficiency, including MS Office applications – Word, Excel, PowerPoint
• Ability to manage competing priorities and consistently deliver results within strict deadlines
• Strong organizational and time management skills
• The ability to work under pressure independently as well as collaboratively with the team

 

 

What working at EY offers

 

• Continuous learning: You'll develop the mindset and skills to navigate whatever comes next
• Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way
• Transformative leadership: We'll give you the insights, coaching and confidence to be the leader the world needs
• Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs.

 

 

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