Yapstone Looking For Senior Compliance Reporting Analyst – India at Maharashtra Full Time

Job type full-time

Full job description

The senior compliance reporting analyst (“scra”) is responsible for the management and development of a monitoring and reporting system, policies and procedures as it relates to risk associated with money laundering, terrorist financing risks to the companyThis position will ensure compliance with anti-money laundering and counter terrorist financing (“aml/ctf”) frameworkThe scra will be a key member of the compliance team in the development, implementation of the company’s financial investigation policies and procedures.

Position duties, responsibilities and competencies

Compliance monitoring and reporting

This position will develop and implement a variety of analytical techniques to monitor and analyse transaction and client patterns.
Stay abreast of risks, patterns and trends associated with money laundering and terrorist financing areas as it relates to the company’s industry.
Provide solutions, tools and techniques for analysing complex activity.
Support in developing and implementing a case management and investigation process.
Manage enterprise-wide transaction monitoring system to include business rule testing, documentation and implementation.
Assist cross functional and cross jurisdictional team in tasks related to money transmitter reporting and regulatory requirements.
Assist in implementing compliance requirements with respects to fintech, processor, and network requirements.
Evaluate the adequacy of business policies, procedures, training and reference materials, system and manual processes with respect to regulatory requirements, and recommend process enhancements and other improvements.
Support compliance team in refining, implementing, and maintaining an enterprise-wide compliance program, as well as in development and documentation of department procedures.

Support the preparation of management reports for the company’s board(including compliance activity, legislative developments and risk management)
Prepare reports and required notifications to external regulators and examiners.

Monitor and control of important outsourcing arrangements
Support the operation of an effective approach to risk management and reporting of risk information to the company’s board
Act as a contact point for internal audit activities, where necessary

Timely and accurate submissions of all required reports in the various jurisdictions as required.

Training

Ensuring that the company’s board, chief compliance officer and mlro remain aware, and have an up to date understanding, of the regulatory reporting environment and the firm’s approach to meeting regulatory reporting requirements.
Prepare and deliver detailed training to relevant staff, as required, to support compliance operations.

Qualifications and experience

The emphasis of this position is to develop a monitoring and reporting system and process to research and analyse financial activity of a complex nature for the identification of patterns and trends of suspicious activity as it relates to risks associated with money laundering and terrorist financing to the company.

Professional experience

Experience in implementing a transaction monitoring system, developing a case management process and investigation functionCollaborating with risk and fraud departments in implementing new criteria to deter the company’s products and services from being used for money laundering or terrorist financing activity.

Qualifications

A professional compliance qualification or certification highly desirable.
2-3+ years’ experience in financial institution industry with in-depth knowledge of aml/ctf framework.
Experience in usa bsa/aml monitoring and reporting requirements, a plus.
2-3+ years’ experience in analysing data, trends and development of business rules for transaction monitoring systems.
Must have a strong technical understanding of business rule logic and data analytics.
Must have a strong case management and investigation experience.
Must be highly detail oriented and organized.
Must be able to understand technical jargon and translate into understandable terms to the business functions.
Ability to work collaboratively with a broad range of business functions.in a multi-cultural and matrixed environment is essential.

Languages

Fluent in english

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Job activity

Posted 30+ days ago