Risk Investigator - AML Operations (Transaction Monitoring & FIU Reporting) Job in Bangalore at PhonePe

PhonePe is hiring for the role of Risk Investigator - AML Operations (Transaction Monitoring & FIU Reporting)!

Responsibilities of the Candidate:

• Demonstrate a strong understanding of Anti Money Laundering & Fraud Workflow, specifically in Transaction Monitoring & Sanctions.
• Knowledge of PMLA Act, onboarding workflow, risk categorisation, trends / patterns of concerns in customer transactions
• Perform daily Transaction Monitoring alert mitigation with an investigative mindset.
• Identify and research patterns, trends, and anomalies in complex transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to ML/TF.
• Draft Grounds of Suspicion (GOS) and file Suspicious Activity Reports/Suspicious Transaction Reports (SAR/STR) to the Financial Intelligence Unit (FIU-IND).
• Collaborate within the team and with external stakeholders to achieve team goals.
• Understand and identify Red Flag Indicators/Anomalies on various products, services, and workflows within PhonePe ecosystem.
• Suggest process improvements, identify challenges, and seek automation opportunities to enhance operational efficiencies across various business/product verticals.
• Stay updated on the latest and emerging trends in the Fraud & Anti Money Laundering domain overall.

Requirements:

• Graduate Degree; MBA or other postgraduate degree is a plus.
• Candidates with experience in the FinTech/Payments industry (Prepaid Instruments, PA/PG, TPAP) are highly preferred.
• Minimum 2-3 years of relevant experience in Anti Money Laundering Investigations, Transaction Monitoring, and data analysis (Payments Sector experience preferred).
• Good understanding of Know Your Customer, Customer Onboarding, Risk categorization, and Transaction Monitoring.
• Any AML-related certification is an added advantage.
• Team player with excellent drafting, strong interpersonal skills, and verbal communication.
• Proficient in MS Office (Word/Excel/PowerPoint), and basic understanding of SQL would be a plus.
• Able to work individually on projects and ad-hoc tasks including LEA data requests.