Risk Investigator – AML Operations
- Full time
- Bangalore IN
- @PhonePe
Job Detail
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Job ID 3500
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Career Level Others
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Experience 2-4 Years
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Industry Telecommunications
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Qualifications Degree Bachelor
Job Description
Roles & Responsibilities:
- Demonstrate a strong understanding of Anti Money Laundering & Fraud Workflow, specifically in Transaction Monitoring & Sanctions.
- Knowledge of PMLA Act, onboarding workflow, risk categorisation, trends / patterns of concerns in customer transactions
- Perform daily Transaction Monitoring alert mitigation with an investigative mindset.
- Identify and research patterns, trends, and anomalies in complex transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to ML/TF.
- Draft Grounds of Suspicion (GOS) and file Suspicious Activity Reports/Suspicious Transaction Reports (SAR/STR) to the Financial Intelligence Unit (FIU-IND).
- Able to work individually on projects and ad-hoc tasks including LEA data requests.
- Collaborate within the team and with external stakeholders to achieve team goals.
- Understand and identify Red Flag Indicators/Anomalies on various products, services, and workflows within PhonePe ecosystem.
- Suggest process improvements, identify challenges, and seek automation opportunities to enhance operational efficiencies across various business/product verticals.
- Stay updated on the latest and emerging trends in the Fraud & Anti Money Laundering domain overall.
Education & Preferred Qualifications:
Requirements include, but are not limited to:
- Graduate Degree; MBA or other postgraduate degree is a plus.
- Candidates with experience in the FinTech/Payments industry (Prepaid Instruments, PA/PG, TPAP) are highly preferred.
- Minimum 2-3 years of relevant experience in Anti Money Laundering Investigations, Transaction Monitoring, and data analysis (Payments Sector experience preferred).
- Good understanding of Know Your Customer, Customer Onboarding, Risk categorization, and Transaction Monitoring.
- Any AML-related certification is an added advantage.
- Team player with excellent drafting, strong interpersonal skills, and verbal communication.
- Proficient in MS Office (Word/Excel/PowerPoint), and basic understanding of SQL would be a plus.
- PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
- Insurance Benefits – Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
- Wellness Program – Employee Assistance Program, Onsite Medical Center, Emergency Support System
- Parental Support – Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
- Mobility Benefits – Relocation benefits, Transfer Support Policy, Travel Policy
- Retirement Benefits – Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
- Other Benefits – Higher Education Assistance, Car Lease, Salary Advance Policy