Financial Crime Operations Senior Associate

Organization: At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward to progress. To make the right financial decisions and achieve their dreams, targets and aspirations. Regardless of where you work within our organisation, your initiative, talent, ideas and energy all contribute to the impact that we can make with our work. Together we can achieve great things.

Job Title: Financial Crime Operations Senior Associate.

Location: Bangalore.

Business & Team: Financial Crime Operations.

Impact & contribution: As a Senior associate in financial Crime Operations, you will be responsible for executing and enhancing controls across AML, Sanctions, KYC, and Transaction Monitoring processes. You will play a critical role in safeguarding the bank and its customers from financial crime risks.

Roles & Responsibilities:

• Transaction Monitoring & Filtering:
  • Review and investigate alerts generated from automated/manual transaction filtering systems.
  • Screen incoming/outgoing transactions for financial crime concerns.
  • Conduct investigations in line with Economic and Trade Sanctions policies.
• AML Investigations:
  • Perform end-to-end analysis of transaction monitoring alerts.
  • Identify red flags and escalate suspicious activity.
  • Draft Suspicious Matter Reports (SMRs) for further review.
• KYC/CDD/EDD Reviews:
  • Ensure customer due diligence processes meet regulatory and internal standards.
  • Support enhancements to TM-related controls and participate in AML-related projects.
• Compliance & Reporting:
  • Maintain adherence to internal procedures and regulatory expectations.
  • Contribute to continuous improvement initiatives within the FCO team.

Essential Skills:

• 2 to 4.5 years in Financial Crime Operations or related domains
• Hands-on experience in Transaction Monitoring, KYC/CDD/EDD.
• Familiarity with SWIFT message screening and AML alert handling.
• Proficiency in drafting SMRs and conducting investigative analysis.
• Strong analytical and problem-solving abilities.
• Excellent communication and documentation skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Experience with global and local regulatory frameworks.

Educational Qualifications:

• Bachelor's degree in finance, Accounting, or Business.
• Certifications in AML, KYC, or Financial Crime (e.g., CAMS, ICA) are advantageous.