AML Associate/Senior Associate

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