FCI:DTM - Analyst

apartmentAxis Bank placePanchkula calendar_month 

Job Description

FCI:DTM - Analyst

INTERNAL USAGE: No. of Vacancies: Reports to: Manager - SM

Is a Team leader Y/N Team Size:

Grade: Officer / AM / DM
Business: Digital Transactions Monitoring Department: DTM Sub-Department: DTM

Location: Airoli

About Department
The 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 anytransactionsthat may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).
About the Role

The 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 measures

Key Responsibilities
  • Develop and implement strategies for automation and digitisation of FCM processes
  • Analysis of the data and identifying anomalies/trends,
  • Ensure timely launch of new activities/processes as decided by department
  • Ensure sampling efficiency with continual improved hit rates
  • Ensure detailed optimal investigation of Sampling Frauds leading to perpetrator identifications and setting of deterrents
  • Ensure that action is taken for 100% of cases, within TAT, identified in the technology platforms
  • Co-ordinate and follow-up with stake-holders for adherence to the stipulated turnaround time
  • Undertake 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

Qualifications

Optimal qualification for success on the job is:

  • Graduate/ MBA preferred
  • Additional 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 services
  • Knowledge of regulatory guidelines and norms
  • Good communication (both verbal and written) skill in both English and the local language
  • Ability to manage complex client situations
  • Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment

Ability to handle pressure and meet deadlines

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