Anti Money Laundering Analyst

Role Summary:
We are seeking a diligent and analytical Anti Money Laundering (AML) Analyst with 2-6 years of experience and an M.Tech degree to join our team in Chennai. The ideal candidate will be responsible for implementing and managing robust AML policies and procedures to ensure compliance with regulatory requirements and mitigate financial crime risks within our NBFC operations.

Key Responsibilities:
- Conduct thorough investigations into suspicious transactions and activities, identifying potential money laundering and terrorist financing risks.
- Develop, implement, and maintain effective AML policies, procedures, and controls in line with PMLA, RBI guidelines, and other relevant regulations.
- Perform customer due diligence (CDD) and enhanced due diligence (EDD) on high-risk customers and transactions.
- Monitor transactions for suspicious patterns and anomalies using various analytical tools and systems.
- Prepare and file Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) with the Financial Intelligence Unit (FIU) India.
- Collaborate with internal stakeholders (e.g., Compliance, Operations, Risk Management) to address AML concerns and implement corrective actions.
- Stay updated on evolving AML regulations, typologies, and best practices in the financial services sector.
- Participate in AML training programs and contribute to the development of AML awareness within the organization.
- Utilize data analytics and technological solutions to enhance AML surveillance and detection capabilities.