FCI:DTM - Analyst

Role descriptionFCI:DTM - AnalystINTERNAL USAGE:No. of Vacancies: Reports to:Manager - SMIs a Team leader?Y/NTeam Size:   Grade:Officer / AM / DMBusiness:Digital Transactions MonitoringDepartment: DTMSub-Department:DTMLocation: AiroliAbout DepartmentThe Digital Transaction Monitoring department monitors all the transaction undertaken through the bank’s system and through peer banks. The team monitors customer transactions on a daily basis or in real-time for risk. The transactions monitored can include cash deposits and withdrawals, wire transfers, and ACH activity. The department aims to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).About the RoleThe DTM analyst aims to mitigate the fraud risk of the customers onboarded through validation of documents, investigation and KYC checks using the best in class technology platforms like Hunter, Uniphore, Fraud Guard etc. The Analyst is also responsible for analysing observed fraud trends and developing robust fraud control measuresKey ResponsibilitiesDevelop and implement strategies for automation and digitisation of FCM processesAnalysis of the data and identifying anomalies/trends,Ensure timely launch of new activities/processes as decided by departmentEnsure sampling efficiency with continual improved hit rates                                                                                         Ensure detailed optimal investigation of Sampling Frauds leading to perpetrator identifications and setting of deterrentsEnsure that action is taken for 100% of cases, within TAT, identified in the technology platformsCo-ordinate and follow-up with stake-holders for adherence to the stipulated turnaround timeUndertake mystery shopping to understand the flaws in the system and to evolve control measures Impart regular training to law enforcement agencies, service providers and vendors QualificationsOptimal qualification for success on the job is:Graduate/ MBA preferredAdditional Certificate course related to Banking sector Role Proficiencies:For successful execution of the job, the candidate should possess the following:Knowledge of banking products and servicesKnowledge of regulatory guidelines and normsGood communication (both verbal and written) skill in both English and the local languageAbility to manage complex client situationsAbility to manage risk and uncertainty for self and team within a dynamic priority-setting environmentAbility to handle pressure and meet deadlines