Sps jobs for Anti-Money Laundering/Transaction Monitoring Analyst in Chennai. Last Date to apply: 14 Jun 2025
Job Description
*Monitor transactions to detect suspicious activities
Key Responsibilities:
1. Transaction Monitoring
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Review transaction alerts generated by monitoring systems for unusual or suspicious activity.
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Analyze customer transactions for patterns and behaviors that may indicate money laundering or financial crimes.
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Perform detailed investigations using internal systems and external databases.
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Assess transactions involving high-risk jurisdictions, industries, or clients.
2. Alert Handling and Disposition
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Determine whether flagged alerts are genuine or false positives based on supporting documentation and customer profiles.
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Escalate alerts as necessary, with appropriate justifications, for further review or filing of Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs).
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Document all findings, investigations, and decisions clearly and concisely in accordance with regulatory standards and audit requirements.
3. Regulatory Compliance
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Ensure that all transaction monitoring activities comply with internal AML policies, local and international regulatory frameworks (e.g., BSA, FATF, OFAC, EU AMLD).
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Stay updated on changes in AML laws, guidelines, and typologies.
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Support timely and accurate filing of SARs/STRs with relevant authorities when required.
4. Investigation and Risk Assessment
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Conduct in-depth analysis of customer profiles, account activity, and payment behavior.
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Utilize tools like LexisNexis, World-Check, or internal KYC systems to assess customer risk levels.
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Identify trends or typologies associated with laundering schemes such as layering, structuring, smurfing, or trade-based laundering.
5. Cross-Functional Collaboration
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Work closely with KYC/CDD teams, sanctions screening teams, and fraud analysts to obtain additional information and ensure a comprehensive review.
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Liaise with Legal and Compliance teams for policy interpretation and regulatory updates.
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Support audit and regulatory reviews by providing well-documented case files and reports.
6. Continuous Process Improvement
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Recommend enhancements to transaction monitoring rules and thresholds based on investigation findings.
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Participate in calibration and tuning exercises to reduce false positives and improve alert quality.
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Contribute to AML training, policy updates, and development of standard operating procedures.
More information about this Anti-Money Laundering/Transaction Monitoring Analyst Job
Please go through the below FAQs to get all answers related to the given Anti-Money Laundering/Transaction Monitoring Analyst job
- What are the job requirements to apply for this Anti-Money Laundering/Transaction Monitoring Analyst job position?
- Ans: A candidate must have a minimum of fresher as an Anti-Money Laundering/Transaction Monitoring Analyst
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com, BA, BBA/BBM, BSc
- What are the salary requirements for this job?
- Ans: The salary range is between 30000 and 40000 Monthly. The Salary will depend on the interview. This Anti-Money Laundering/Transaction Monitoring Analyst is a Full Time in Chennai.
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Anti-Money Laundering/Transaction Monitoring Analyst is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Anti-Money Laundering/Transaction Monitoring Analyst position?
- Ans: There are immediate 1 job openings for Anti-Money Laundering/Transaction Monitoring Analyst in our Organisation.
