Ernst & Young

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Financial Crime Operations – Senior

The Compliance team at EY GDS partners with other EY offices across the globe to provide an array of compliance solutions to our clients. The team works on short to long term

engagements to assist in establishing, maintaining, and reviewing the outputs of business functions and compliance programs.

Financial crime risks relating to anti-money laundering (AML), terrorist financing, anti-bribery controls, sanctions compliance and fraud are a high focus for regulated businesses and external scrutiny as regulation and practice continues to evolve. Responsible for developing and overseeing the financial crime and fraud prevention framework, designed to ensure client(s) are compliant, protected from risk and loss from financial crime.

The Opportunity

As a part of our Global Managed Services Delivery team, you will be working with EY offices across the globe to provide an array of compliance solutions to our clients. The team works on short to long term engagements aiding in establishing, maintaining and reviewing the outputs of business functions and compliance programs.

Our Financial Crime Consulting team consists of hundreds of professionals who advise and drive change for the firm’s banking, capital markets, insurance, and asset management clients in Financial Crime. Our Financial Crime Consulting team specializes in several areas, including:

o Transaction Monitoring

o KYC Remediation

o Customer screening

o Payment screening filtering for Sanctions, PEPs and adverse media

o Anti-money laundering transaction monitoring

o Look-back reviews and loan file reviews

o Compliance testing and FATCA

o Financial crime risk assessment reviews

Key Responsibilities

As a Senior in the Financial Crime Compliance team, you will predominantly support the compliance team in the financial crime space. You will help businesses comply with financial crime regulations and adhere to relevant client(s) policies and procedures related to anti- money laundering and counter-terrorist financing.

• Multi-task, learn on the job and work under pressure to meet strict deadlines in a fast- paced environment.
• Devising process documentation and translating complex processes into easy-to-follow instructions.
• Coordinating efforts with internal stakeholders as appropriate
• Work as a member of a team to ensure operational readiness of applications and processes required to conduct AML program requirements.
• Seek to understand the overall process and objective before beginning to work on a task.
• Escalate issues and problems, articulate clearly to leadership, onshore and client team.
• Demonstrate integrity, respect and be able to work collaboratively with team member

Skills and Attributes for Success

• Experience in the design, development, and implementation of internal controls for financial services business processes
• An Anticipate and identify engagement related risks and escalate issues as appropriate Exhibit analytical skills and attention to detail while maintaining a holistic view and logical thinking
• Actively establish client (process owner/functional heads) and internal relationships Prior consulting experience is preferred

To qualify for the role

• 4-8 years of experience in Financial Crime Risk Management supporting banking and financial services industry in managing their BSA/CTF regulatory compliance operations Strong academic background with an MBA/Master’s degree
• Strong presentation skills and proficiency in the use of PowerPoint, Word and Excel Have effective project management and teamwork skills, and the ability to work under pressure
• Relevant professional certification (e.g., CAMS, CFE) is advantageous.
• Willing to work in shifts, if required
• Need to work from office
• Willing to work on Indian Holidays as per requirement
• Manage multiple competing priorities and consistently deliver results within strict deadlines
• Subject matter knowledge to address the process concerns, floor queries and coach & mentor AML analysts.
• Willing to travel, within the country and internationally as required

Qualification

• Bachelor's /Master degree in finance, economics, law, or a related field.
• Professional certification in AML (e.g., CAMS, CFE) is highly desirable.
• Experience in AML compliance, with a focus on transaction monitoring.
• Strong analytical skills and the ability to interpret complex financial data.
• Proficiency in transaction monitoring systems and other relevant technologies.
• Excellent communication skills, both written and verbal.
• Detail-oriented with strong organizational and time management skills.
• Ability to work independently and collaboratively within a team.

Proficiency in the following Financial Crime Areas will be an added advantage:

• Transaction Monitoring: Review suspicious transactions, including transfers, deposits, and withdrawals, to identify suspicious activity. This would also include:

o Customer Information Review: Assess historical and current customer data and interactions to detect potential financial crime risks.

o Draft in-depth transaction review narratives in-line with the risk level and client requirements.

o Suspicious Activity Reporting (SARs): Investigate and report suspicious activity, including Anti-Money Laundering (AML) concerns, for assigned business units.

• AML – KYC: Conduct end-to-end KYC processes including enhanced due diligence across client types ranging from individuals to entities (trusts, LLP’s, Sole Proprietorships, etc); specifically:

o Conduct KYC processes for Retail and Institutional clients, ensuring adherence to regulatory standards and internal policies.

o Perform risk assessments for Corporate and Commercial Banking clients, identifying potential areas of risk.

o Contribute to the preparation and updating of KYC guidance documents to reflect current best practices and regulatory changes.

o Handle Enhanced Due Diligence (EDD) cases, including in-depth investigations into high-risk clients and complex ownership structures.

o Analyze and verify the source of wealth and source of funds to detect any potential money laundering or financial crime risks.

o Assess the significance of a client's operations in various countries, understanding the implications for KYC and AML compliance.

o Maintain up-to-date knowledge of the regulatory environment in key jurisdictions, particularly with respect to AML/CFT standards.

Ideally, you’ll also have

• Good communication skills
• Strong interpersonal and teaming skills

What working at EY offers

• Continuous learning: You'll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We'll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

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