Analyst - Central Due Diligence
IDFC FIRST Bank — Thane, THANE
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Job Description
Job Requirements About the Role
The Account Monitoring Analyst within the Central EDD (Enhanced Due Diligence) team plays a critical role in identifying and mitigating financial crime risks. This role focuses on early detection of suspicious or mule accounts by monitoring and investigating financial transactions. The analyst contributes to fraud prevention and risk management by analyzing account behavior and collaborating with internal teams to ensure thorough due diligence.
Key Responsibilities
Primary Responsibilities
- Monitor and review accounts flagged by automated systems for unusual or suspicious activity.
- Conduct deep-dive analysis of flagged accounts, including transaction details, account history, and customer information.
- Assess transaction patterns to identify deviations from typical customer behavior.
- Prepare detailed narratives and summaries to support decision-making processes.
- Identify trends, anomalies, and root causes of suspicious activities.
- Detect patterns and typologies indicative of financial crimes.
Secondary Responsibilities
- Contact customers to gain clarity on transactions before making decisions on account actions.
- Maintain clear communication with branch teams to facilitate enhanced due diligence, site verification, and collection of additional information.
- Participate in cross-departmental discussions to stay informed about emerging risks and trends.
- Provide feedback on transaction monitoring tools and thresholds to improve detection accuracy.
What We Are Looking For
Education
- Graduation: B.Sc., B.Tech, BCA, B.Com, or BBA
- Post-graduation: MBA or PGDM
Experience
- 2 to 3 years of relevant experience in financial crime investigation, transaction monitoring, or related fields.
Skills and Attributes
- Strong analytical and investigative skills.
- Ability to interpret complex transaction data and customer behavior.
- Excellent written and verbal communication skills.
- Proficiency in identifying financial crime patterns and typologies.
- Collaborative mindset with the ability to work across departments.
- Attention to detail and a proactive approach to risk detection.
Frequently Asked Questions
What are the eligibility criteria for the Analyst - Central Due Diligence job at IDFC FIRST Bank?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.
What are the primary responsibilities of a Analyst - Central Due Diligence at IDFC FIRST Bank?
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Analyst - Central Due Diligence at IDFC FIRST Bank.
Is prior experience required for this position?
This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
What skills are important for this role?
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
How do I apply for the Analyst - Central Due Diligence role at IDFC FIRST Bank?
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.
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