Team Member, AML/CFT Compliance at Interswitch

About the job

Key Responsibilities

• Customer Due Diligence (CDD): Conduct comprehensive KYC reviews on new and existing customers to assess risk profiles and ensure compliance with regulatory requirements.
• Customer Risk Assessment: Utilize tools and resources to assign risk ratings to customers based on business activities, geography, and other relevant factors.
• Document Verification: Perform quality assurance checks on submitted documents (IDs, financial statements, legal documents, etc.) to confirm accuracy, authenticity, and suitability for subscribed products.
• Cross-Functional Collaboration: Partner with Technology, Sales, and Operations teams to ensure smooth customer onboarding and compliance processes.
• Screening & Monitoring: Review results of customer screenings, recommend appropriate actions for high-risk categories such as Politically Exposed Persons (PEPs), and update Ultimate Beneficial Owner (UBO) registers.
• Periodic Reviews: Conduct ongoing reviews of client relationships and update Client Risk Assessments in line with regulatory and internal requirements.
• Communication & Documentation: Liaise with internal and external stakeholders to obtain necessary documentation and ensure timely completion of KYC reporting.
• Administrative Support: Provide support in the preparation and submission of KYC/AML compliance reports.
• AML Alerts Review: Monitor daily alerts generated by the AML application to identify potential regulatory or internal infractions requiring further investigation.
• Suspicious Activity Reporting: Investigate red flags and promptly escalate/report Suspicious Transactions (STRs/SARs), maintaining proper documentation on SharePoint as evidence of compliance.

Education and Experience

Academic Qualification:

• Bachelor’s degree from an accredited university.

Professional Qualification (Preferred):

• Designate Compliance Professional (DCP).
• Any other relevant professional certification (to be obtained within six months of hire).

Experience:

• Minimum of 3 year of relevant work experience in a related field.