Position: Associate Manager - AML Operations (Transaction Monitoring & FIU Reporting)About the Team: -Join the dynamicPhonePe AML Operations team, contributing to the Trust & Safety initiative aimed at enhancing the security and reliability of PhonePe products. This high-impact team focuses on mitigating ML/TF risks through adept control implementation and swift actions. If you aspire to shape processes and digital tools, unravel financial transactions, and identify trends/patterns of concerns affecting millions of customers, seize the opportunity to collaborate with top-notch professionals and turn your dreams into reality with purpose and agility - this is your opportunity!Roles & Responsibilities:Develop a profound understanding of AML regulatory requirements from regulators like RBI & FIU for regulated business lines (PPI, PA & BBPOU), staying updated with the latest amendments and circulars.Efficiently prioritize and manage transaction monitoring queue assignments within the team regularly.Analyze complex transaction patterns, addressing potential money laundering risks amid ambiguity.Handle internal and external escalations related to critical money laundering risks.Draft/Enhance AML Standard Operating Procedures (SOP) for transaction monitoring investigations across various business lines.Stay aligned with industry best practices, evaluating the effectiveness of transaction monitoring alerts and providing timely feedback to key stakeholders.Keep abreast of emerging trends in money laundering and terrorist financing within the payments industry, identifying and mitigating internal risk areas.Propose process improvements and identify automation opportunities to enhance operational efficiencies across various business/products.Regularly communicate internal money laundering risk trends to senior management.Lead and manage a team of investigators, fostering effective communication and acting as a guide and mentor for career progression and development.Navigate conflicting situations to ensure team goals and objectives are achieved.Education & Preferred Qualifications:Requirements include, but are not limited to:Graduate Degree; MBA or other postgraduate degree, a recognized AML/CFT certification is a plus.6-10 years of relevant experience in money laundering/sanctions screening, with a preferred focus on the payments sector.Team player along with proven experience in managing and leading teams of at least 3-5 individuals.Ability to take challenging & authoritative decisions adding value to team outputs and deliverables.Strong comprehension of AML/CFT framework in the Payments Industry.Experience in regulatory reporting, such as STR filings to FIU-IND.Preferred candidate with a recognized certification in the AML domain.Ability to work independently on various projects and liaise effectively with stakeholders within PhonePe to mitigate money laundering risk.Excellent drafting, verbal communication, and interpersonal skills. PhonePe Full Time Employee Benefits Insurance Benefits -Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life InsuranceWellness Program -Employee Assistance Program, Onsite Medical Center, Emergency Support SystemParental Support -Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support ProgramMobility Benefits -Relocation benefits, Transfer Support Policy, Travel PolicyRetirement Benefits -Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment Other Benefits -Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance PolicyWorking 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 PhonePeon our blog.
