Senior Transaction Monitoring Analyst
IDFC FIRST Bank — Mumbai, MUMBAI
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Job Description
Job Requirements About the Role
As a SeniorTransaction Monitoring Analyst within the Risk function, you will be responsible for monitoring fund transfers across the bank to detect and report suspicious activities, including potential Anti-Money Laundering (AML) concerns. This role involves investigating flagged transactions, preparing Suspicious Transaction Reports (STRs), and advising business units on AML-related risks. You will also support the development of risk strategies and contribute to the bank’s broader compliance and customer-first objectives through data analysis and trend identification.
Key Responsibilities
Primary Responsibilities
- Investigate suspicious activities across all types of fund transfers.
- Perform AML monitoring for assigned business units and support independent reviews and investigations.
- Aggregate data from multiple sources to provide comprehensive risk assessments.
- Prepare and submit Suspicious Transaction Reports (STRs) in accordance with regulatory and internal guidelines.
- Advise business units on AML-related risks and suspicious activity patterns.
- Identify economic and financial trends that may pose risks to the bank.
- Ensure strict adherence to internal policies and regulatory requirements.
Secondary Responsibilities
- Support the development of risk strategies and processes that align with the bank’s customer-first approach and strategic objectives.
- Collaborate with internal stakeholders to enhance monitoring frameworks and improve operational efficiency.
What We Are Looking For
Education
- Graduation: Full time graduate in any discipline from a recognised institution.
Experience
- Minimum of 8 years of total experience in transaction monitoring, AML investigations, or related risk functions within BFSI industry.
Skills and Attributes
- Strong analytical and investigative skills with attention to detail.
- Good understanding of AML regulations and compliance frameworks.
- Ability to interpret complex data and identify suspicious patterns.
- Effective communication and report-writing skills.
- Proficiency in using data aggregation tools and risk monitoring systems.
- Collaborative mindset with the ability to work across teams and functions.
Frequently Asked Questions
What are the eligibility criteria for the Senior Transaction Monitoring Analyst job at IDFC FIRST Bank?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.
What are the primary responsibilities of a Senior Transaction Monitoring Analyst 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 Senior Transaction Monitoring Analyst at IDFC FIRST Bank.
Is prior experience required for this position?
This role requires around 5-10 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 Senior Transaction Monitoring Analyst 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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