Requisition Id : 1547812

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don’t just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we’ll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

The opportunity : Associate Consultant-FS-Business Consulting Risk-CNS – Risk – Process & Controls – Bangalore

FS :

Amid comprehensive regulatory change, today’s financial services institutions are focusing on digital transformation, convergence and disruption from an array of non traditional competitors — all while meeting greater demands for trust and transparency.

To address this delicate balance of issues, our proficient team of business strategists, technologists and industry leaders bring fresh thinking and sector knowledge across banking and capital markets, insurance, and wealth and asset management. The results are seamless collaboration, innovative problem solving, breakthrough performance gains and sustainable value creation.

We recruit, train and foster a diverse set of people who give their minds to building the future of financial services. Together, we explore new perspectives with innovative and innovative thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.

CNS – Risk – Process & Controls :

EY Consulting is building a better working world by transforming businesses through the power of people, technology and innovation. Our client-centric approach focuses on driving long-term value for our clients by solving their most strategic problems. EY Consulting is made up of three sub-service lines: Business Consulting (including Performance Improvement and Risk Consulting), Technology Consulting and People Advisory Services. 

We help our clients in identifying and managing the interplay between upside and downside risk in order to make the long-term decisions to prevent risk and impact on their organization’s ability to meet its future business strategy and objectives. The 3 key fields of play are :

Enterprise Risk – helps clients identify and address key risk areas, while building the agility to respond quickly. The areas of focus include Enterprise risk and resilience, Internal audit, Compliance and Internal controls

Technology Risk – helps clients to achieve sustainable growth by supporting their efforts to protect their business performance and by providing trusted communications on internal control and regulatory compliance to investors, management, regulators, customers and other stakeholders. EY teams accomplish this by assessing the technology risks that are introduced to businesses.

Financial Services Risk – helps clients in the financial sector to identify, manage and monitor the risks in their business. It is done through a transformative and agile approach including process and procedures, risk, data modeling and analytics, reporting to stakeholders and third parties, business requirements (for software selection and IT implementation), analysis of assets and liabilities, and capital and liquidity management.

Your key responsibilities

Technical Excellence

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelor’s degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.

Skills and attributes

To qualify for the role you must have
Qualification

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelor’s degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.

Experience

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelor’s degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.

What we look for

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful and able to sustain postivie energy, while being adaptable and creative in their approach. 

What we offer

With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, we are investing more time, technology and money, than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills and opportunities.

EY is equally committed to being an inclusive employer and we strive to achieve the right balance for our people – enabling us to deliver excellent client service whilst allowing our people to build their career as well as focus on their wellbeing.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world. Apply now.