Job Summary
The Service Delivery Manager in AML and transaction monitoring (Alert Investigation Retail & Prepaid Cards)
Responsibilities
- MUST have strong knowledge of AML (Anti-Money Laundering) and fraud analysis.
- Review of Monthly alerts and understanding of alert generation due to exceeding the threshold/particular spike in a customer account.
- Ability to understand the pattern of transactions regarding suspicious/unusual activity while doing periodic reviews.
- Must have exposure to Global Alert management tools.
- Establish and implement money-laundering rules covering all bank products in the transaction monitoring system.
- Should be able to determine the source and utilization of funds for the customer.
- Understanding of unusual activity and behavior.
- Should understand PEP classification and Naming convention as well.
- Understand High-risk jurisdictions, current Sanction entities/individuals, different trade sanctions, SDN, etc.
- Should have a fair understanding of identifying the relationship between customers and counterparties/intermediaries.
- Should be able to analyze the purpose of the transactions.
- Exposure to preparing AML case logs and validating information regarding transactions and counterparties via different external applications, i.e., Lexis Nexis, D&B, etc.
- Adept at multi-tasking and meeting deadlines in a high-pressure environment
- Strong documentation skills to clearly articulate alert disposition
- Should have a good understanding of the USA Patriot Act, BSA, and CIP.
- Should have good knowledge of Lexis-Nexis, Google searches, and negative searches.
- Good Communication and problem-solving techniques using analytical skills
- Should have lead a min. team size of 50
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.
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