Job Details:
The US Patriot Act of 2001 was enacted to contain provisions that enhance the ability to combat money laundering & terrorist activities. One of the requirements of this Act is that the banks must develop a Customer Identification Program. Then bank Of America AML policy and Customer Due diligence (CDD) supplement requires certain information be obtained from customers opening accounts. This includes obtaining basic data attributes such as name, physical address, identification number and date of birth as well as method of verification of customer’s identity. These CDD attributes must be stored electronically and made available to global AML team.
The CIP Analyst ensures that the key CIP elements mentioned above are on records for all accounts opened the previous week. The analysts follow standard procedures to remediate these elements from available resources or generate W9 forms to be mailed to the customers to get the required information. Information not received within stipulated time defined by AML guidelines results in the accounts being frozen and there after moved for closures if information still not received. The CIP analysts works on all these cases in three phases- weekly defect remediation, freezing & closures.
Responsibilities
• Work on weekly defects on AML tool(ART) to remediate key CIP elements and update SOR
• Request clarification with onshore where applicable and send mails to relevant departments seeking information
• Send accounts to combine profiles
• Freeze accounts after 48 days of not being remediated and within 60days of aging
• Submit closures on ART of unremediated frozen accounts after 60days of aging
• Report any potential suspicious activity
Requirements
• Any Graduate with Commerce background or banking related
• Basic PC Skills with typing speed of over 20WPM & 98% Accuracy.
• Good verbal and written communication skills
• Out of Box thinking required with clarity on Process concepts with an analytical bend of mind and eye for detail
• Knowledge of Money Laundering and it’s relation to Banking Operations will be added advantage
• Should have basic knowledge of Banking
• Be willing to work in shifts as per business need
• Be willing to do additional hours as and when required.
• Education - B.com graduates
• Open to freshers
Desired Skills
• Preferred exposure in Financial / Banking domain.
• Prior knowledge of US Banking industry an advantage
• Ability to work on multiple applications
Education requirement
• Any Graduate with Commerce background or banking related
Experience requirement
0 to 1.5 yrs of exp
Shift Timings
13:30 to 22:30 hrs
Posting Date: 14/10/2015
Location: Gurgaon
Full / Part-time: Full Time..
[Apply on company's page]
Follow @CareerSpaceInfo .. Subscribe to CareerSpace.info by Email »
No comments:
Post a Comment