FCI:DTM - Analyst
Axis Bank
Mumbai Metropolitan Region
Sales / Marketing, Business Development
Role description
FCI:DTM - Analyst
INTERNAL USAGE:
No. of Vacancies:
Reports to:
Manager - SM
Is a Team leader?
Y/N
Team Size:
Grade:
Officer / AM / DM
Business:
Digital Transactions Monitoring
Department:
DTM
Sub-Department:
DTM
Location:
Airoli
About Department
The Digital Transaction Monitoring department monitors all the transaction undertaken through the bank’s system and through peer banks. The team monitors customer transactions on a daily basis or in real-time for risk. The transactions monitored can include cash deposits and withdrawals, wire transfers, and ACH activity. The department aims to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).
About the Role
The DTM analyst aims to mitigate the fraud risk of the customers onboarded through validation of documents, investigation and KYC checks using the best in class technology platforms like Hunter, Uniphore, Fraud Guard etc. The Analyst is also responsible for analysing observed fraud trends and developing robust fraud control measures
Key Responsibilities
- Develop and implement strategies for automation and digitisation of FCM processes
- Analysis of the data and identifying anomalies/trends,
- Ensure timely launch of new activities/processes as decided by department
- Ensure sampling efficiency with continual improved hit rates
- Ensure detailed optimal investigation of Sampling Frauds leading to perpetrator identifications and setting of deterrents
- Ensure that action is taken for 100% of cases, within TAT, identified in the technology platforms
- Co-ordinate and follow-up with stake-holders for adherence to the stipulated turnaround time
- Undertake mystery shopping to understand the flaws in the system and to evolve control measures
- Impart regular training to law enforcement agencies, service providers and vendors
Qualifications
Optimal qualification for success on the job is:
- Graduate/ MBA preferred
- Additional Certificate course related to Banking sector
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
- Knowledge of banking products and services
- Knowledge of regulatory guidelines and norms
- Good communication (both verbal and written) skill in both English and the local language
- Ability to manage complex client situations
- Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
Ability to handle pressure and meet deadlines
About the company
Company website•Banking
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
The Bank has a large footprint of 5000 domestic branches (including extension counters) with 15,751 ATMs & cash recyclers spread across the country. The Bank has 6 Axis Virtual Centres with over 1,500 Virtual Relationship Managers as on 31st March 2023. The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK. The international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings.
Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd. (NIC), The New India Assurance Company Ltd. (NIA), The Oriental Insurance Company Ltd. (OIC), and United India Insurance Company Ltd. (UIIC). The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. GIC, NIC, NIA, OIC, UIIC have been reclassified from promoter category to public category. As on March 31, 2023, SUUTI and LIC are the promoters of the Bank.
With a balance sheet size of Rs. 13,17,326 crores as on 31st March 2023, Axis Bank has achieved consistent growth and with a 5-year CAGR (2017-18 to 2022-23) of 14% each in Total Assets & Advances and 16% in Deposits.