Vice President- Anti Money Laundering - US Sanction

RIverForest Connections Private Limited
  • Mumbai
  • Confidential
  • 6-15 years
  • 31 Mar 2015

  • Compliance/ Regulatory

  • Investment Banking
Job Description

  • Monitor adherence to local regulations and Group/Regional guidelines to cover Compliance Risks.
  • Vigilance and monitor adherence to regulations on AML, Sanctions, Embargoes and Financial Sanctions.
  • Vigilance and assist in ensuring adherence to internal guidelines on AML, Sanctions and all aspects pertaining to controls over AML, Sanctions, Embargoes and Financial Sanctions.
  • Active support in KYC and Due Diligence process.
  • Validation of account opening documents and due diligence / KYC aspects for onboarding customers, CDD norms.
  • Monitoring of account opening and transactional activities for PEP and active vigilance on the same.
  • Preapprovals and verifications of transactions for dormant account activation, embargo country transactions, and clearance of false hits on account of vigilance checks.
  • Validation of high sensitive clients, KYC reviews and periodic vigilance checks from AML, Sanctions and Due Diligence processes.
  • Verification / Validation of "High" sensitive clients transactions; transactions having implications of embargo related aspects and financial sanctions.
  • Transactional vigilance and monitoring of high sensitive clients activity.
  • Liaison with Regional office for approvals and clearance of transactions with sanctions implications.
  • Liaison with Regional Office for vigilance checks, transactions which have embargo related implications etc.
  • Involvement in correspondence with Regulatory Authorities, clarification on guidelines etc.
  • Assist in TAC/NAC, New Product Paper (NPP), New Activity Process (NAP).
  • Participate for implementation of new applications and updates to existing applications pertaining to Compliance function.

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