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Process Associate

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Guidehouse

13d ago

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

AI generated summary

  • You need 1-2 years in AML compliance, transaction monitoring, strong Excel/Word skills, good English communication, and the ability to multi-task. Flexibility for shifts is essential.
  • You will analyze transactions for suspicious activity, draft reports, conduct due diligence, assess customer profiles, and document findings while escalating issues to relevant teams.

Requirements

  • 1 to 2 years’ experience working with a financial institution/ global Bank in compliance, and regulatory functions.
  • Performing complete Transaction Monitoring reviews & Risk assessment (including CDD, EDD reviews) of the client’s customer’s profile.
  • Experience working in AML compliance functions would be preferred especially in Transaction Monitoring and Due Diligence space.
  • Ability to detect and mitigate red flags for potential financial crime, including money laundering, terrorism financing activities and fraud, as it appears in transactional data.
  • Good computer skills (Strong proficiency in Microsoft Excel and Word.)
  • Good English Comprehension skills and English communication skills - written and verbal.
  • The ability to quickly learn new skills and subject matter.
  • The ability to apply newly acquired skills using logic and reasoning to sets of transaction data.
  • The ability to multi-task and effectively prioritize tasks.
  • A highly motivated, driven, and dynamic attitude towards work and career.
  • The ability to excel within a team environment and independently.
  • Willingness to work in extended shifts, weekends/holidays and night shifts (work as per the project requirements to meet the project goals).
  • 1+ Mandatory years of experience working with a financial institution/ global Bank in AML compliance, and regulatory functions.

Responsibilities

  • Analyzing customer’s transactions for evidence of money laundering, fraud, or other illegal activities. Follow-up, review, and investigate ‘unusual activity’ and ‘Red flags’ and escalate to concerned team.
  • Applying research and analytic techniques to digest complex information sets in order to make logical and adequately supported determinations regarding unusual and potentially suspicious activity.
  • Daily review and analysis of surveillance items flagged as potentially suspicious transactions or exceptions.
  • Assisting in drafting and filing of investigative reports.
  • Perform due diligence file review and remediation programs for international private banks, corporates etc.
  • Conducting an end-to-end and meticulous review of potential illegal or suspicious activity.
  • Completing a time-sensitive and meticulous analysis of each instance of potential Anti-Money Laundering activity and/or suspicious financial activity across multiple jurisdictions and countries.
  • Assessment of customer profiles and client data to identify whether activity is consistent with typical purchasing/payment activity, including Acceptable Use Policy adherence and Know Your Customer efforts; and
  • Documenting findings in narrative style format, in the manual and automated process case management system and prepare updates to Project Managers / Team Leads as appropriate.

FAQs

What is the primary role of a Process Associate in this position?

The primary role involves analyzing customer transactions for evidence of money laundering, fraud, or other illegal activities, conducting research, documenting findings, and performing due diligence file reviews.

What qualifications are required for this job?

Candidates must have 1+ years of experience working with a financial institution or global bank in AML compliance and regulatory functions.

What specific skills are necessary for a Process Associate?

Strong analytical skills, proficiency in Microsoft Excel and Word, good English comprehension and communication skills, the ability to multi-task, and experience in detecting financial crime red flags are necessary.

Will there be opportunities for overtime or extended shifts?

Yes, there is a willingness to work extended shifts, weekends, holidays, and night shifts as required by project goals.

Is prior experience in AML compliance functions preferred?

Yes, experience in AML compliance functions, particularly in Transaction Monitoring and Due Diligence, is preferred.

How will performance be documented and communicated?

Findings will be documented in a narrative format using a case management system, and updates will be prepared for Project Managers or Team Leads as appropriate.

Is training provided for this role?

Yes, the ability to quickly learn new skills and subject matter is required, indicating that training will be provided as part of the onboarding process.

Do we support workplace diversity?

Yes, Guidehouse is committed to creating a diverse and supportive workplace, and they are an Equal Employment Opportunity/Affirmative Action employer.

Are there opportunities for career advancement in this role?

The job description indicates a highly motivated and driven attitude is expected, which can lead to career advancement opportunities within the organization.

What type of benefits does Guidehouse offer?

Guidehouse offers a comprehensive total rewards package that includes competitive compensation and a flexible benefits package.

Consulting
Industry
10,001+
Employees
2018
Founded Year

Mission & Purpose

Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies.