Process Specialist - B&L

Cognizant

2 - 5 years

Hyderabad

Posted: 4/18/2025

Job Description



Job Summary

Join our team of professionals focused on antimoney laundering Client due diligence sanctions screening and antibribery 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 Your role will be driven by our clients n


Responsibilities

The opportunity

Join our team of professionals focused on antimoney laundering Client due diligence sanctions screening and antibribery 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 Your role will be driven by our clients needs and by your ability to align your domain knowledge to your role requirements for financial crime compliance

Your key responsibilities

Review of Monthly alerts and understanding of alert generation due to exceed in thresholdcertain spike in customer account

Ability to understand the pattern of transaction in terms of suspiciousanomalous activity while doing periodic reviews

Must have exposure over Global Alert management tools Actimize Norkom UCM etc

Establish and implement moneylaundering 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 Highrisk jurisdiction Sanction entityindividual different types of trade sanctions SDN etc

Should have a fair understanding on identifying the relationship between customer and counterpartiesintermediaries

Exposure over preparing AML case log and validation of information in terms of transaction and counterparties via different external applications ie Lexis Nexis DB etc

Adapt to multitasking and meeting deadlines in highpressure environment

Strong documentation skills to clearly articulate alert disposition

Ensuring AML Compliance Policy requirements are met and that CDD procedures are followed

Monitoring and managing the completion of CDD documentation for all customers in line with applicable KYC AML Policies Procedures

Ensuring that all necessary screening takes place in line with the KYC customer matrix provided by compliance

Review of Monthly alerts and understanding of alert generation due to exceed in thresholdcertain spike in customer account

Hands on experience on complete Transaction MonitoringKYC process

Possess good understanding on endtoend transaction monitoringKYC Sanctions process

Ability to support other staff and to participate in the process to ensure work is completed accurately and on time

Ability to perform effectively to strict deadlines

Build relationships with AML Investigations units and effectively communicate and transfer information for case investigations

Skills and attributes for success

Strong people management and leadership skills Good Interpersonal skills and the ability to communicate at all levels including presentation and public speaking skills Staying abreast on business and industry trends relevant to clients including the latest regulatory developments industry practices and government and law enforcement focus on various financial crimes issues Being innovative and creating thought leadership

To qualify for the role you must have

A bachelors degree and around 24 years of work experience and must have a good knowledge on transaction monitoring

3 years 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 wellreasoned 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 LexisNexis 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 Highrisk jurisdiction Sanction entityindividual different types of trade sanctions SDN etc

Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders

About Company

Cognizant is a global leader in technology and consulting services, helping businesses transform their operations through digital solutions. Specializing in IT services, including software development, business process outsourcing, and consulting, Cognizant supports clients across industries such as healthcare, financial services, manufacturing, and retail. With a focus on innovation, Cognizant assists organizations in modernizing their technology, improving operational efficiency, and enhancing customer experiences. Headquartered in the U.S., it is consistently ranked among the most admired companies in the world and is a member of the NASDAQ-100.

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