The Role
Reviews customer account alerts from automated monitoring systems, identifies unusual activity, documents risk assessments, and determines whether alerts should be closed or escalated. Maintains compliance with BSA, OFAC, regulatory, legal, and global standards. Collaborates with the Financial Intelligence Unit and branch personnel to investigate potential suspicious activity and support financial crime monitoring processes.
Summary Generated by Built In
Job Title: L1- Transaction Monitoring Analyst
Job Role: Senior Process Executive /Subject Matter Expert
Relevant Experience Desired: 1.5yrs - 8yrs
Location: Chennai
Shift: US Shift
Education: Bachelor’s degree in commerce or accounting/ Any other Degree with relevant experience.
Responsibilities:
- Conducting initial review of customer account activity flagged by the Bank’s automated monitoring system.
- Identifying potential unusual activities in the account.
- Writing comprehensive analysis/risk assessment of the account activity and providing detailed disposition for alert closure or escalation.
- Ensuring all procedural and guidance documents remain current and compliant with regulatory and legal requirements as well as Global Standards.
- Maintaining a high degree of knowledge of appropriate BSA and OFAC laws and regulations.
- Collaborating with the Bank’s Financial Intelligence Unit to identify and report potentially suspicious activity.
- Interacting with branch personnel regarding unusual activity to determine appropriate resolution.
- Performing other related duties as assigned by the Alert Disposition Team Leader and BSA Manager of the Financial Intelligence Unit.
- Prior experience with reviewing and working alerts, preferably in the financial intelligence unit of a financial institution, as well as analyzing or managing financial crime investigative processes.
- Professional proficiency in reading, writing, and speaking English.
Requirements
- 1.5-8 years of relevant experience
- Bachelor’s degree in commerce or accounting, or any other degree with relevant experience
- Prior experience with reviewing and working alerts, preferably in the financial intelligence unit of a financial institution
- Professional proficiency in English
Skills Required
- 1.5–8 years of relevant experience
- Bachelor’s degree in commerce or accounting, or another degree with relevant experience
- Prior experience reviewing and working alerts, preferably within a financial institution’s financial intelligence unit
- Experience analyzing or managing financial crime investigative processes
- Professional proficiency in reading, writing, and speaking English
- Knowledge of BSA and OFAC laws and regulations
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The Company
What We Do
2COMS is an India-based recruitment and manpower consultancy that helps organizations meet workforce needs through leadership hiring, general and IT staffing, apprenticeship management, international recruitment, gig workforce solutions, payroll and compliance, and HR technology. The company serves employers across industries while connecting job seekers with domestic and global opportunities through technology-enabled, end-to-end workforce and talent-management services.
