Financial Crime Operations Senior Associate
The Financial Crime Operations team at ASB Bank (part of Commonwealth Bank) is seeking a Senior Associate in Bengaluru to protect the bank from financial crime. The role involves performing AML transaction monitoring, screening SWIFT messages, and conducting KYC investigations in line with regulatory frameworks. Ideal candidates have 2-4.5 years of experience in AML/KYC and fraud investigations. This position focuses on ensuring an effective control environment for retail banking operations.
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Experience
2-4 years
Function
Finance
Work mode
Onsite, India
Company
Tier 2
What you will work on
The Financial Crime Operations team at ASB Bank (part of Commonwealth Bank) is seeking a Senior Associate in Bengaluru to protect the bank from financial crime. The role involves performing AML transaction monitoring, screening SWIFT messages, and conducting KYC investigations in line with regulatory frameworks. Ideal candidates have 2-4.5 years of experience in AML/KYC and fraud investigations. This position focuses on ensuring an effective control environment for retail banking operations.
TAL's take
Solid role within a reputable global banking group, though it is a back-office operations function.
Clear, well-defined role in financial crime operations with specific AML/KYC requirements.
Salaries at Commonwealth Bank
24.4 LPA average
Based on 24 Grapevine salary entries for Commonwealth Bank.
Engineering
0 - 2 years
18 LPA average
Range: 18 - 18 LPA
Engineering
2 - 4 years | L1
12 LPA average
Range: 12 - 12 LPA
Other roles
2 - 4 years | L1
11 LPA average
Range: 10 - 13 LPA
Engineering
4 - 6 years | L2
30 LPA average
Range: 30 - 30 LPA
Must haves
- 2-4.5 years experience in AML/KYC
- CDD/EDD experience
- Experience in fraud and financial crimes investigations
- Sanction screening proficiency
- Investigative reporting skills
Tools and skills
Nice to have: cams certification.
About the company
Commonwealth Bank is a major global financial institution, though the India office role is mid-level operations support.
Posts mentioning Commonwealth Bank
Have a Senior Software Engineer Role at CBA offer
Is commonwealth bank a product based organisation? How is the layoff culture here?
AI Boosts Efficiency and Cuts Fraud at Commonwealth Bank
- Commonwealth Bank of Australia reports a 30% reduction in fraud and a 40% decrease in call center wait times due to generative AI tools. - Mortgage pre-approvals now take as little as 10 minutes; 50+ AI use cases in development. - AI helps issue daily suspicious activity alerts, potentially increasing from 20,000 to 35,000. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-11-28/ai-cuts-scam-losses-speeds-up-home-loans-at-top-australia-bank)
Commonwealth Bank of Australia
How is CBA( Commonwealth Bank of Australia), Bangalore? I have an offer letter from them, so shall I join?