Job Summary
The opportunity
Join our team of professionals focused on anti-money laundering Client due diligence sanctions screening and anti-bribery and corruption. We use domain knowledge combined with technology to offer our clients a unique package of operational delivery and excellence to rebuild compliance frameworks provide support and recommendations on regulatory requirements as well as implement process enhancements with a commitment to both quantity and quality of delivery.
Responsibilities
Review of Monthly alerts and understanding of alert generation due to exceed in threshold/certain spike in customer account
Ability to understand the pattern of transaction in terms of suspicious/anomalous activity while doing periodic reviews
Must have exposure over Global Alert management tools. (Actimize Norkom UCM etc.)
Establish and implement money-laundering rules in transaction monitoring system covering all bank products
Should be able to determine source and utilization of fund for customer
Ability to interpret KYC policies procedures and laws and put into practice. Should be aware of UBOs.
Should be able to perform KYC reviews on High Medium and Low Risk entities
Should have knowledge of PEP classification and Naming convention as well
Should have understanding on High-risk jurisdiction Sanction entity/individual different types of trade sanctions SDN etc.
Should have a fair understanding on identifying the relationship between customer and counterparties/intermediaries.
Exposure over preparing AML case log and validation of information in terms of transaction and counterparties via different external applications i.e. Lexis Nexis D&B etc.
Adapt to multi-tasking and meeting deadlines in high-pressure environment
Strong documentation skills to clearly articulate alert disposition
To qualify for the role you must have
A bachelors degree and around 2-4 years of work experience and must have a good knowledge on transaction monitoring/KYC.
3+ years of experience in compliance or related position
A degree in finance accounting business or a related discipline
Exceptional research and analytical skills with the ability to analyze large amounts of data decipher higher risk attributes (transactional geographical product customer type etc.) and develop well-reasoned recommendations
Ability to perform KYC reviews on different entity types such as Trusts Hedge Funds regulated entities
Should have good understanding of USA Patriotic Act BSA and CIP and knowledge on World Check Lexis-Nexis and negative searches.
Ability to interpret KYC policies procedures and laws and put into practice
Should be able to perform KYC reviews on High Medium and Low Risk entities
Should have understanding on High-risk jurisdiction Sanction entity/individual different types of trade sanctions SDN etc.
Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders.
The Cognizant community:
We are a high caliber team who appreciate and support one another. Our people uphold an energetic, collaborative and inclusive workplace where everyone can thrive.
- Cognizant is a global community with more than 300,000 associates around the world.
- We don’t just dream of a better way – we make it happen.
- We take care of our people, clients, company, communities and climate by doing what’s right.
- We foster an innovative environment where you can build the career path that’s right for you.
About us:
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant (a member of the NASDAQ-100 and one of Forbes World’s Best Employers 2024) is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com
Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.
Disclaimer:
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.
Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.