Operations Analyst - Enhanced Due Diligence/Exits

Overview

Operations Analyst supporting Enhanced Due Diligence (EDD) and exit processes, safeguarding the business and customers from financial crime risk.

What you'll do

• Process, review, report, trade and resolve issues on EDD and exit cases.
• Execute EDD reviews on high-risk customers to maintain compliance with regulatory requirements and policies.
• Execute exit reviews on customers having their accounts closed, to mitigate risk in line with compliance and internal policy.
• Collaborate with teams across the bank to align and integrate EDD and exit processes.
• Identify areas for improvement and recommend changes to EDD and exit processes.
• Develop and implement issue resolutions relating to inefficient controls.
• Develop reports and presentations on EDD and exit performance and communicate findings to internal senior stakeholders.
• Participate in projects and initiatives to improve EDD and exit efficiency and effectiveness.
• Conduct thorough due diligence to identify PEPs, their family members and close associates during client onboarding or periodic reviews.
• Assess and monitor high-risk individuals or entities across all business lines and maintain comprehensive records.
• Use external databases, watchlists and other sources to identify PEPs and high-risk clients.
• Perform EDD on PEPs and high-risk clients, gathering, analysing and verifying information on background, sources of wealth, business activities and other risk factors.
• Analyse and assess potential money laundering, terrorist financing and other financial crime risks associated with PEPs and high-risk clients.
• Prepare risk assessments and recommend how to mitigate or manage risks within the organisation's risk tolerance.
• Take ownership of managing risk and strengthening controls for the work you own or contribute to.

What you'll need

• In-depth technical knowledge and experience in the assigned area of expertise.
• Thorough understanding of the underlying principles and concepts within the area of expertise.
• Attention to detail in making evaluative judgements based on analysis of factual information.
• Ability to resolve problems by identifying and selecting solutions, guided by precedents.
• Ability to guide and persuade team members and communicate complex or sensitive information.

Nice to have

• Experience supporting financial crime prevention activities, including identifying and assessing potential financial crime risks.
• Practical experience conducting Enhanced Due Diligence reviews, analysing customer information and documenting risk-related findings.
• Experience reviewing transactions and identifying unusual or potentially suspicious activity that may require further investigation.
• Strong written and verbal communication skills, with the ability to document findings clearly and communicate effectively with stakeholders.

Details

• Location: Chennai, DLF IT Park.