Risk Investigator - AML Operations (Transaction Monitoring & FIU Reporting)

3 Months ago • 3-5 Years • Risk Management

Job Summary

Job Description

As a Risk Investigator specializing in AML & Sanctions, you will be responsible for identifying and investigating suspicious activities related to money laundering and terrorist financing. This involves analyzing complex transaction data, monitoring high-risk activities, and reporting findings to regulatory bodies like the Financial Intelligence Unit - India (FIU-IND). The role also includes suggesting process improvements and collaborating with cross-functional teams. You will be responsible for identifying patterns and trends in complex transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to ML/TF. You'll monitor high-risk activities for various PhonePe business verticals. You'll be tasked with documenting the Ground of Suspicion (GOS) for suspicious users/transactions and filing STR/SAR to the FIU-IND as per RBI guidelines along with record maintenance.
Must have:
  • 3-5 years of AML investigations/sanctions experience.
  • Understanding of AML/CFT framework.
  • Strong research and analytical skills.
  • Experience in regulatory reporting (RBI / FIU-IND).
  • Excellent drafting and communication skills.
Good to have:
  • MBA or post-graduate degree.
  • Recognized AML certification.
  • Proficient in MS Office and SQL.
Perks:
  • Insurance Benefits: Medical, Critical Illness, Accidental, Life.
  • Wellness Program: Employee Assistance, Onsite Medical Center.
  • Parental Support: Maternity/Paternity, Adoption Assistance, Day-care.
  • Mobility Benefits: Relocation/Transfer Support, Travel.
  • Retirement Benefits: PF, Gratuity, NPS, Leave Encashment.
  • Other Benefits: Education Assistance, Car Lease, Salary Advance.

Job Details

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right  environment for you is just one of the things we do. We empower people and trust them to do the right  thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a  big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of  the best minds in the country and executing on your dreams with purpose and speed, join us!

Position: Risk Investigator - AML & Sanctions

 

About the Team: -

The PhonePe AML & Sanctions Operations is a part of the Trust & Safety team which is a high impact team whose goal is to mitigate risk and improve the trust and safety for various PhonePe products. We are focused on safeguarding our platform from potential ML / TF risks by implementing various controls and timely actions. If your dream is to build processes and digital tools to better understand financial transactions and identify trends that would impact millions of customers, partnering with some of the best minds and executing on your dreams with purpose and speed, join us!

 

Roles & Responsibilities:

  1. Identify and research the patterns, trends and anomalies in complex transactional & customer data to detect, prevent, mitigate & report suspicious activity related to ML / TF
  2. Monitoring and regulating high-risk activities for various PhonePe business verticals
  3. Documentation of Ground of Suspicion (GOS) for suspicious users / transactions and filing STR / SAR to the Financial Intelligence Unit - India (FIU-IND) as per RBI guidelines along with record maintenance
  4. Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas
  5. Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalations
  6. To suggest process improvements, identify automation opportunities to improve operational efficiencies on various business / products
  7. Identify modules for operational improvements and collaborate with cross functional teams for implementation
  8. Ability to understand and follow industry best practices for AML & Sanctions

Education & Preferred Qualifications:

Requirements include, but are not limited to:

  1. Graduate Degree; MBA or other post graduate degree is a plus
  2. 3-5 years of relevant experience in Anti Money Laundering Investigations / Sanctions screening & Escalations
  3. Any recognised AML certification would be an added advantage.
  4. Good understanding of AML/CFT framework along with strong research and analytical skills
  5. Experience in preparation and filling of regulatory reporting to RBI / FIU-IND etc.
  6. Ability to work independently and to liaise with other departments and coordinate with various stakeholders.
  7. Team player with excellent drafting and strong interpersonal skills along with verbal communication is a must.
  8. Proficient in MS Office (Word/Excel/Powerpoint) and basic understanding of SQL would be a plus

 

PhonePe Full Time Employee Benefits 

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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