Yes Bank has advertised for employing Chartered Accountants for the position of 'Quality Control Financial Crime' in Kolkata.
Yes Bank looking to fill this post gains significance in the backdrop of a number of bank frauds in the past few years, the most notable being the Rs 13,500 crore scam committed on state-run Punjab National Bank by accused diamantaire Nirav Modi, which was reported last year.
According to the bank, the position would require creating scenarios, alerts and parameters for ongoing anti-money laundering monitoring of trade finance transactions.
The incumbent would also require to do "review of trade-based money laundering alerts for identification of any suspicious activity and engagement with business, product, operations to establish potential TBML (trade-based money laundering) activity," it said.
The hired official would also have to file suspicious transaction reports (STR) to the Financial Investigation Unit for suspicious cases, it added.