Cluster Manager

Job Purpose- The role is a critical element of organizations defense against money laundering, terrorist financing and fraud.

• Responsible for Reviewing, analyzing, disposing AML transaction monitoring alerts
• Identification and Implementation of improvement areas as prescribed by Regulatory bodies such as RBI, and FIU-IND and other AML Compliance initiative. Duties and Responsibilities- Ensure timely review, analyse and disposition of AML alerts
• Conducting a complete and thorough investigation of the individual alerts in accordance with internal policies and procedures and external regulations (e.g. RBI KYC Policies, PMLA Act Rules)
• Knowledge of KYC/ML/CDD/EDD/Sanctions/PEP Screening/Knowledge of SAR/STR process, desirable.
• Handling team of analysts and providing support and guidance
• Mentor team members, provide training on AML best practices, and foster a culture of compliance and data-driven decision-making
• Ensure strong documentation and adherence to regulatory requirements
• Prepare detailed reports, dashboards, and presentations on AML findings, ensuring clear communication of complex data to stakeholders and senior management.
• Identification of improvement areas in regard to regulatory mandates and Product constructs
• Project management experience including system upgrades, workflow transformation, and cross-team coordination
• Support in developing and implementing an effective compliance program related to KYC / AML to meet the regulatory expectations of the authorities, e.g. RBI, on a regular basis
• Preparation of SOP in accordance with Compliance requirements
• Ensure adherence to SOP and timely incorporation of changes if any
• Identification of practices across different processes and systems and their impact on transactions from an AML perspective
• Ability to work on multiple projects on involving usage of AI / ML / RPA Required Qualifications and Experience- Post Graduate Degree, six to eight years plus of experience in the lending business / Bank.
• Working knowledge of AML monitoring systems and case management tools.
• Familiarity with AML/CFT regulations and typologies (FATF, FIU-IND)
• Good domain knowledge of BFL products, processes and systems
• Excellent verbal and written communication skills for reporting and stakeholder engagement. Demonstrated leadership abilities to guide teams, influence decisions, and drive initiatives.
• Ability to perform statistical analysis, interpret complex data, and make evidence-based recommendations under tight deadlines.
• Understanding of Financial Crime Policies Documentations, knowledge of banking terminologies, Onboarding/Compliance/AML/KYC experience.
• Ability to interpret Regulatory requirements
• Applicant should possess advanced skills in MS Excel, MS Power-point and working knowledge of SQL preferred
• Ability to manage and meet SLAs in high-volume environments.
• Ability to work independently and accomplish the task assigned
• Auditing, risk assessment, and compliance testing to ensure accuracy and regulatory alignment.