PwC is hiring for the position of Associate in Bengaluru; Gurugram; Mumbai, India. Candidates with a Bachelor’s/ Master’s Degree/ MBA/ CA are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | PwC |
| Position | Associate |
| Qualifications | Bachelor’s/ Master’s Degree/ MBA/ CA |
| Batch | 2018/ 2019/ 2020/ 2021/ 2022/ 2023/ 2024 |
| Experience | Freshers/ Experienced |
| Location | Bengaluru; Gurugram; Mumbai, India |
Key Responsibilities:
- Conduct client due diligence (CDD) to gather information such as identity verification, source of funds, and beneficial ownership for different entity types like banks, trusts, funds, SPVs, etc.
- Perform initial checks on client documents and data to ensure completeness and accuracy.
- Support research efforts using various databases and sources to verify client information.
- Conduct in-depth investigations of flagged transactions to identify patterns, trends, and anomalies using advanced transaction monitoring systems and tools to analyze financial transactions for potential suspicious activities.
- Review and assess customer account activity to detect and prevent money laundering, fraud, and other illicit financial activities.
- Conduct sanction screening and adverse media screening of customers using specialized tools and databases and analyze screening results to identify matches with sanctioned individuals, entities, or countries.
- Maintain accurate documentation for all clients, including KYC profiles and ongoing monitoring records.
- Conduct ongoing monitoring reviews of client accounts, including periodic and event-driven reviews.
- Collaborate with internal stakeholders, including compliance officers and risk management teams, to address KYC-related issues and provide guidance on regulatory requirements.
- Continuously participate in evaluating and enhancing AML and KYC processes and procedures to improve efficiency and strengthen compliance controls.
- Stay updated on regulatory requirements, industry trends, and best practices related to AML, KYC, TM, and CFT compliance.
Eligibility Criteria:
- Bachelor’s/ Master’s Degree/ MBA/ CA
- Bachelor’s degree in finance, accounting, business, or a related field.
- Strong understanding of financial regulations, including but not limited to FATF, OFAC, Bank Secrecy Act, RBI MD, and other global and local Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines.
- Proficiency in using transaction monitoring tools and software platforms.
- Excellent analytical skills with the ability to interpret complex financial data and identify potential risks.
- Detail-oriented with strong organizational and time management abilities.
- Effective communication skills, both verbal and written, with the ability to communicate findings and recommendations clearly and concisely.
- Ability to work independently and collaboratively in a fast-paced environment.
Preferred skills:
- Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS).
- Experience working with large-scale banking or financial institutions.
- Familiarity with regulatory requirements specific to the jurisdiction in which the bank operates.
About Company:
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity.
How To Apply?
- First, read through all of the job details on this page.
- Scroll down and press the Click Here button.
- To be redirected to the official website, click on the apply link.
- Fill the details with the information provided.
- Before submitting the application, cross-check the information you’ve provided.
