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Trade Risk Control Unit - Mgr / Sr Mgr - TRCU

Navi Mumbai, MH
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  • Banking & Finance
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Job Details

Establishing and maintaining adequate and appropriate risk-based controls to address trade-based money laundering risks. Visiting clients to understand the business and helping Business teams in Due diligence while on-boarding TF clients.KEY RESPONSIBILITIES(a) Institutional / Business-level Risk Assessment Adopt a risk-based approach to assess the risks in relation to trade finance transactions and related activities, as well as the formulation and implementation of Trade Controls.(b) Customer / Transaction-level Risk Assessment Perform customer-level or (for non-customers) transaction-level risk assessment by making reference to the risk-based approach as set out in internal guideline and, based on the assessment results, conduct appropriate Customer Due Diligence (CDD) and Enhance Due Diligence (EDD). Device ongoing monitoring measures at customer level.(c) Coverage Follow the Trade Controls as set out from time to time - methodology for assessing, monitoring and mitigating trade-related activities, including specific types of transactions, having regard to assessed risk levels (EDD). This methodology takes into account the suggested practices as delineated by Head TRCU. Should also take into account the sanction policies which may specify various measures or restrictions in relation to sanction regimes in respect of particular countries, products or services.(d) Red Flags Observe relevant red flag indicators. Adopt these indicators or risk factors that are appropriate having regard to business coverage, scale of operations and particular scenarios at client level / branch level / zone level. In order to identify concerns at an early stage, where possible and appropriate, red flags to be considered and set at the onset and onboarding of the client (pre-relationship and pre-transaction levels). To escalate cases as required that are identified as breach of red flags after the relationship has been established and/or after transactions have been carried out. (e) Management Oversight Involve senior management in the design and implementation of Trade Controls, as part of senior managements general oversight over ML/TF risk management. Reports that provide senior management a useful view of how trade-based money laundering risks are arising and being managed should form part of regular and ad hoc reporting requirements.Qualifications and Experience RequirementEssential - Graduate minimumMin 6-7 years. Vertical penetration and competence in Trade FinanceSKILLS & ATTRIBUTE REQUIREDWork in coordination with a lot of teams Able to share information, transfer knowledge and expertiseAble to work in a fast paced environmentAble to keep pace with technical innovation and market driven initiativesStrong analytical skills with the ability to collect, organise, analyse, and disseminate significant amounts of information with attention to detail and accuracycustomers expected activity and a sound understanding of trade-based money laundering risks
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 5-8


Credit Control & Collections | Finance/Budgeting | Financial Analysis | Treasury Operations
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