AML Associate/Senior Associate
waystone Open At a glance
Senior Risk & Financial Compliance role at waystone. Mumbai · full-time.
Pay not stated Risk & Financial Compliance salary
financeroles summary, based on the employer's posting.
What you'll do
- Review investor records for AML, checking KYC and incorporation papers, sanctions and PEP results, and independent research
- Test investor accounts against customer due diligence rules, including cases with differing levels of complexity
- Move client reviews forward by coordinating with investor services, dealing teams and AML leads, and chasing investors for missing requirements
- Notify clients about fund money movements and prepare the related wire instructions
- Keep AML procedures current, meet quality and service targets, resolve errors, and report team performance to your manager
What you bring
- A business, finance or banking degree at bachelor's or master's level from a recognized college or university
- One to three years in AML or a comparable role
- Strong investigative and analytical ability, close attention to detail, and clear communication skills
- Proficiency in MS Office and familiarity with the funds industry
Who this fits
This role suits someone comfortable handling AML reviews, investor queries and operational work across Investor Services and AML. You must be willing to work rotational shifts, including a shift beginning at one thirty in the afternoon.
From the employer
Summary: This role is for Mutual Fund, Hedge Fund & Private Equity Industry which includes functions like Subscription, Redemption, AML, Payment, Reporting, Capital Call, Distribution Call etc. The incumbent needs to understand the laws of the region supported and perform day-to-day work in accordance with procedure set for an activity. The role needs to work in rotational shift and there would be shifts starting at 1.30 PM.
ESSENTIAL DUTIES AND RESPONSIBILITIES
This role offers the opportunity for the successful candidate to join a dynamic team and to develop their knowledge and skills base to enjoy a career in AML/Investor Services in the Funds industry.
- Accurately process and / or review investor information with specific reference to AML
- Independently liaise in a timely and professional manner with the Investor Servies/Dealing Team, AML Team Leads to complete the client review process
- Carry out AML reviews, reviews of Incorporation and KYC documents, financial Sanction & PEP screenings and independent research on new/onboarding and existing investors
- Review of investor accounts of varying degrees of complexity to ensure the relevant Customer Due Diligence requirements are met
- Maintain an up-to-date knowledge of AML regulation and best practice and uses this knowledge to promote enhancements to Waystone’s AML processes and procedures
- Maintain checklists/procedures in relation to the AML process
- Ensure all internal and external service levels and regulatory deadlines are met
- Ensure Quality targets are met
- Provide money movement notification to the client(s) and prepare wire instructions for money movement for fund investor activity
- Serve as client operational contact for AML and maintain good relationship with clients.
- Query, problem and error resolution on a timely basis
- Strictly adhere to established departmental procedures and controls
- Work on Projects / Ad-hoc tasks as required
- Demonstrate team player qualities within Investor Services
- Contact investors for whom there are outstanding AML / Tax requirements
Human skills and abilities
- Strong analytical and investigative skills.
- Attention to detail and accuracy.
- Excellent communication and interpersonal skills.
- Proficiency in MS Office and familiarity with Fund industry
- Willingness to work in Rotational Shifts & any department within Investor Services & AML team
- Demonstrate team player qualities within Investor Services
Governance & Risk
- To assist with query handling, quality error analysis, identify root cause and help with solutions to close the gaps.
- Provide periodic reports to Manager on team performance
Education:
- A Bachelors or Master’s Degree in Business Or Finance Or Banking related discipline from a reputed College/University.
Experience:
- 1-3 years of experience in AML or similar role.
Work timings: Shift starting at 1.30 PM
Risk & Financial Compliance work from LinkedIn, X, Reddit and Upwork, in one list.
Each morning you get everything that fits, strongest first.
Risk & Financial Compliance
Find me workBy the team behind financeroles.