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Associate, Anti Money Laundering/Prevention/Know Your Client II

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BNY Mellon

16d ago

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Legal
    Banking & Finance
  • Chennai

AI generated summary

  • You must have investigation experience, an operational background in financial services, knowledge of sanctions and money laundering laws, and strong analytical skills for regulatory issues.
  • You will handle sanctions inquiries, investigate alerts, assess sanctions risks, review OFAC and PEP alerts, and assist in monitoring related lists for clients and transactions.

Requirements

  • Proven experience of investigations within a role.
  • Operational background in financial services.
  • Beneficial to have knowledge of Sanctions legislation to include UK Treasury and OFAC, Money Laundering Regs, Proceeds of Crime Act 2002 and JMLSG Guidance or similar.
  • Can analyze business queries as they relate to regulatory issues and provide practical alternatives / solutions.

Responsibilities

  • Acting as liaison for sanctions-related inquiries.
  • Responsibility for the investigation and clearance of ad hoc sanction alerts.
  • Assisting the Business Sanctions Controller in identifying sanctions risk associated with clients, products, services, new business initiatives, transactions, and technology on the implementation of sanctions screening processes and/or other appropriate broader controls.
  • Escalation of complex transactions for further guidance.
  • Assisting the Business Sanctions Controller with monitoring sanctioned stock, DNDBW and PEP lists.
  • Reviewing potential OFAC, PEP and World Check alerts to determine if they are material with respect to existing clients and potential clients.

FAQs

What is the job title for this position?

The job title for this position is Associate, Anti Money Laundering/Prevention/Know Your Client II.

What team will the successful candidate be joining?

The successful candidate will be joining the BNY Pershing EMEA Sanctions team.

What are the main responsibilities of this role?

The main responsibilities include acting as a liaison for sanctions-related inquiries, investigating and clearing ad hoc sanction alerts, identifying sanctions risks, escalating complex transactions, monitoring sanctioned stock, and reviewing potential sanctions alerts.

Is experience in investigations required for this role?

Yes, proven experience of investigations within a role is required.

Is knowledge of sanctions legislation necessary for applicants?

Yes, beneficial knowledge of sanctions legislation, including UK Treasury and OFAC regulations, is preferred.

Are there opportunities for career growth within BNY?

Yes, BNY fosters a culture that empowers employees to grow and succeed, providing opportunities for career advancement.

What is the company's stance on diversity and inclusion?

BNY is committed to diversity and inclusion, as reflected in their Equal Employment Opportunity/Affirmative Action policy and various awards for workplace inclusivity.

What benefits does BNY offer?

BNY offers highly competitive compensation, generous paid leaves, access to wellbeing programs, and resources to support personal and financial goals.

What is the application process like?

Interested candidates can apply through the BNY Mellon careers website, where they will find further information about the application steps and requirements.

Where can I find more information about BNY Mellon?

More information about BNY Mellon can be found on their website at bnymellon.com/careers.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.