Process Associate
TCS
2 - 8 years
Chennai
Posted: 03/10/2025
Job Description
| Job Description - AML Analyst - Level 1 |
| Team Size: Not known |
| Reporting Manager's Role: Team Lead/ Manager |
| Job Description: Review of assigned alerts and document findings using the AML alert management system. Review of Manual referrals generated by different areas of the bank. Review and analysis on Low,Medium and High Risk accounts Conduct enhanced due diligence research of individuals, institutions and trust through LexisNexis and other internet tools. Interact with Bank management on suspicious transactions conducted by customers. Prepare and review Loan accounts, RDC (Remote Deposit Capture), Wire Transfers and Monetary Instrument reports Use transactional and customer records, external data, publicly- available information, and other information to identify suspicious or unusual activity. Performe detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across multiple businesses/products. Maintain a strong investigative skills; the ability to work independently, demonstrated extensive banking and Compliance knowledge. Identified multiple significant cases, red flags and patterns associated with the laundering of illicit funds. |
| Competencies/Skills: Excellent verbal and written communication skills Experience in making quick, high quality decisions on complex issues Ability to conduct logical investigations Good understanding of banking or financial operations and systems Ability to engage/conduct Client communication Ability to manage assignments and team (if required) Ability to work with concepts and with minimal assistance Ability to work equally well independently and within a team Handling team queries/issues (if required) Excellent time management skills Experience working on discrete, time sensitive projects Proficient in Microsoft Excel, Word, and PowerPoint |
| Person Specification Highly motivated, driven, and dynamic Flexibility Ensuring Information security for sensitive data |
| Knowledge/Experience: 24 months of experience in AML level 1 detection is mandatory Team management experience is preferred |
| Qualifications: Minimum Bachelor’s degree (preferably in a Business/Finance/Accounting related field) |
About Company
Tata Consultancy Services (TCS) is one of the largest multinational IT services and consulting companies in the world, headquartered in Mumbai, India. It operates in over 50 countries and is a part of the Tata Group, India's largest business conglomerate. TCS offers a wide range of services including software development, consulting, digital transformation, and business solutions, serving industries such as finance, healthcare, retail, and telecommunications. Known for its global reach, technological expertise, and innovation, TCS is consistently ranked among the top IT services companies globally.
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