What is the GSS Risk & Control’s AML & Trade Control team responsible for?
- GSS Risk and Control Department shall be assigned a central coordinating role for FT in supporting the AML Compliance Officer in implementing the policies and FT’s compliance with the AML laws.
- The department responsibilities include Master control Screening of customers or proposed customer based on the lists maintained, Ongoing Monitoring and review of the Shareholder Trading Activity for the existing customers and to report suspicious activities to relevant governmental authorities.
What are the ongoing responsibilities of a Sr. AML & Trade Control Associate?
Compliance Reporting & Monitoring:
- Reviews and validates trades appearing on monitoring and exception reports to ensure compliance with and adherence to applicable regulations, prospectus guidelines and internal policies and procedures. Completes routine tasks and assessments associated with ensuring that higher risk transactions have been processed appropriately on business systems.
- Examples of activities include conducting screening for AML/sanctions as required for potential matches. Detecting and assessing potential signs of “red flag” /suspicious activity and taking appropriate action, with guidance. May aid team members in escalated situations.
- Communicates with applicable business units to resolve routine situations; escalates more complex and atypical situations to senior team members/leaders and provides suggested responses. Flags and monitors accounts, as necessary. Completes all required reporting and record keeping.
- Adheres to applicable fund and company policies and regulatory controls and requirements and offers suggestions/feedback when requested or appropriate. May possess and apply specialized knowledge of specific product lines, customers, or processes. May perform relevant tasks/initiatives, as assigned by manager.
Daily Operations Support:
- Responds to internal and, at times, external, inquiries from other business units or leaders.
- Applies working knowledge of internal policies and procedures to support peers with fundamental operating procedures. Develops subject matter expertise and suggests new methods for improving current policies and procedures.
- Reviews and applies information from communications, regarding new products, market conditions and regulatory requirements, to operate and make suggestions that are in the best interest of the customer, funds, and enterprise.
- Contributes to projects and performs administrative functions. Provides operational support and guidance within sphere of influence (i.e. business unit and/or Transfer Agent) to peers, leaders, and projects in a variety of areas. Works across regions, teams, and business units.
Business Process Improvement:
- Participates in business process improvement (Continuous Improvement) activities, demonstrates basic understanding of lean concepts and improvements to existing workflows; supports change management activities.
- Identifies trends and recommends improvement opportunities to streamline business processes, resulting in greater efficiencies, productivity and/or service.
- Teamwork, Networking and Partnering to Achieve Objectives:
- Develops and leverages internal and/or external relationships to achieve shared priorities/goals, satisfy customer needs, resolve problems, and increase business insight/awareness.
- Actively participates in team meetings by contributing topics for discussion and offering ideas/feedback.
Peer Leadership:
- Guides peers and shares knowledge within sphere of influence.
- May assist in various training activities; acts as a “buddy” for newer team members.
- May assist division with work outside of role’s normal scope.
- Seeks out and participates in cross-training opportunities.
What ideal qualifications, skills and experience would help someone to be successful?
- Bachelor’s degree or equivalent work experience.
- 1 – 3 years of Franklin Templeton or equivalent Mutual Fund experience and domain knowledge within Transfer Agency business transaction processing.
- Excellent organizational and time management skills to manage multiple tasks effectively in a fast-paced environment with short deadlines.
- Good understanding of Transfer Agency systems supported functions
- Ability to interact effectively and professionally with internal and external business partners.
- Excellent written and verbal communication skills.
Mandatory Skillset:
- Working knowledge of screening tools like Lexis-Nexis, World Check, RDC etc and RIVA, Global Inquiry, Global Workflow is mandatory.
- Sound knowledge of Sanctions and PEP
- Excellent communication skills (written and oral)
What makes Franklin Templeton Investments unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts and results.
Highlights of our benefits include:
- Professional development growth opportunities through in-house classes and over 150 Web-based training courses
- An educational assistance program to financially help employees seeking continuing education
- Medical, Life, and Personal Accident Insurance benefit for employees. Medical insurance also covers employee’s dependents (spouses, children and dependent parents)
- Life Insurance for protection of employees families
- Personal accident insurance for protection of employees and their families
- Personal loan assistance
- Employee Stock Investment Plan (ESIP)
- Onsite fitness center, recreation center, and cafeteria
- Cricket grounds and gymnasium
- Library
- Health Center with doctor availability
- Tuition Assistance Program
- HDFC ATM on the campus
