Company Overview

Covenant Consultants is a premier Executive Search and Recruitment Firm headquartered in Chennai, Tamil Nadu, specializing in diverse industries. Our 350+ recruitment specialists excel in human capital management, offering unmatched services in headhunting, turnaround time, cost-effectiveness, and quality of service. Our mission ethos—purpose, integrity, excellence, fairness, and equity—drive us to satisfy clients, candidates, and employees alike, upholding our covenant to integrity, quality, and ethics.

Job Overview

Join Covenant Consultants as a Mid-Level Anti Money Laundering Specialist, based in Bangalore. This full-time position requires a skilled professional to manage and enhance AML compliance processes. You will work closely with cross-functional teams, utilizing your expertise in AML, KYC, and transaction monitoring to minimize financial crime risks and ensure regulatory compliance. Ideal candidates should possess experience in AML policies and procedures, addressing complex financial crime challenges in the banking and financial services sector.

Qualifications and Skills

• Proven experience in anti-money laundering practices and procedures with a comprehensive understanding of the regulations governing the banking industry.
• Strong capability in KYC processes, especially in identifying and verifying customers to gauge the risk of illegal intentions for financial activities. (Mandatory skill)
• Possess strong abilities in transaction monitoring, detecting suspicious activities, and conducting risk assessments.
• In-depth experience with implementing and managing AML policies and procedures for effective compliance and governance.
• Comprehensive understanding of anti-money laundering laws and financial crime regulations, and their application in a business setting.
• Strong analytical skills and attention to detail in assessing financial transaction anomalies and understanding complex datasets.
• Excellent communication skills to articulate AML findings and strategies clearly to stakeholders and regulatory bodies.
• Proficiency with AML software and tools to track, manage, and report on financial transactions. AML (Mandatory skill)

Roles and Responsibilities

• Conduct and oversee comprehensive investigations into suspicious activity reports and related AML processes.
• Develop, implement, and maintain programs to mitigate financial crime risks and ensure full regulatory compliance.
• Perform detailed transaction monitoring and vetting to ensure adherence to AML policies and procedures.
• Collaborate with cross-functional teams to update and enhance AML/KYC policy and framework.
• Report and communicate with regulatory agencies regarding compliance issues and suspicious transactions.
• Deliver regular training and development sessions to team members on AML procedures and compliance requirements.
• Analyze financial data to identify patterns that might indicate money laundering activities and take appropriate action based on findings.
• Ensure accurate documentation and timely submissions of reports to relevant stakeholders and external authorities.