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IBM Process Associate – Risk Compliance 
India, Karnataka, Bengaluru 
172269784

27.03.2025
Your role and responsibilities

Analysts engage in risk, compliance, and financial crimes projects to serve Promontory clients within the banking and finance industry – helping them meet and exceed regulatory expectations. Analysts are expected to positively contribute to Promontory’s success in a variety of areas, including BSA, anti-money laundering surveillance and reporting assistance, OFAC sanctions compliance, and other areas relevant to today’s heightened regulatory climate.

Analysts must possess excellent writing, research, analytical, and critical thinking skills, and other applicable experience that leads to success in the role, such as strong work ethic and natural curiosity. Analysts must be able to judiciously analyze, assess, and write clearly and concisely. The nature of this work requires individuals to be flexible, learn new skills, work within time constraints, and meet uncompromising quality requirements and production expectations while working closely with others in a dynamic team environment.

Apply logic and strong reasoning skills to conduct research for case analysis.

Use sound decision-making skills to make recommendations based on research results.

Compose comprehensive supporting narratives

Interpret and apply project policies and procedures to direct work.

Maintain high work product quality as outlined by each project specifications.

Ensure work adheres to defined engagement policies and procedures

Manage work efficiently to meet production goals and project deliverables.

Contribute to developing individual and project goals and execute on tactical strategies for goal attainment.

Required education
Bachelor's Degree
Preferred education
Master's Degree
Required technical and professional expertise

· The ability to work independently, take initiative, and able to adapt to change.

· Ability to quickly understand and maintain current know3ledge of banking regulations, concepts, and issues.

· Quickly learn new applications and client systems to conduct research.

· Exercise sound judgment and observe the highest degree of confidentiality.

· Adept at multi-tasking and meeting deadlines in high-pressure environment.

· Results oriented team player with strong initiative and flexibility.

· Strong analytical and problem-solving abilities.

· Superior writing skills with the ability to convey ideas clearly and succinctly.

· Exemplary customer service towards both internal and external parties.

· Exceptional research and processing skills with the ability to analyze large data sets, decipher higher risk attributes (transactional, geographical, product, customer type, etc.), and disposition appropriately.

· Demonstrate competency with computers, including proficiency with all Microsoft Office products, and should have prior experience with a variety of computer database and testing systems.

Office of Foreign Asset Controls (OFAC) Sanctions Screening

Review sanctions screening alerts generated by client systems as possible OFAC matches

Utilize phonetics, spelling, and knowledge of short names nicknames to support name mismatches

Conduct online research to confirm or clarify mismatch or match data

Close mismatches or escalate possible true matches with notations on mismatches or matching data

Review customer documentation for validity, completeness, and any required notary services

Currency Transaction Report (CTR) Review

Pull, aggregate, and reconcile multiple transaction reports

Validate transactions are truly cash and not processed as cash by bank personnel

Determine if CTRs were filed by bank personnel and file missing CTRs

Verify supporting documentation for all profile information

Determine Source of Wealth and Source of Funds

Conduct risk assessment and risk rating based on the bank risk methodology

Preferred technical and professional experience

Undergraduate degree in Business Administration, accounting, finance, or other related discipline; or equivalent combination of education and experience that is required for the specific job level.

Being an IBMer means you’ll be able to learn and develop yourself and your career, you’ll be encouraged to be courageous and experiment everyday, all whilst having continuous trust and support in an environment where everyone can thrive whatever their personal or professional background.

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