Function Expertise:

- Maintain oversight of developments in the BFSI, Fintech regulatory environment.

Anti Money Laundering (AML):

- Develop internal procedures to prevent money laundering.

- Build new scenarios/rules, create BRDs, and evaluate exception reports and alert closures.

- Evaluate the performance of AML monitoring tools and negative list screening.

- Review policies and procedures in the AML program (KYC/CDD/EDD).

- Ensure information consistency with AML policies and regulatory requirements.

- Support an annual review of the AML monitoring system and process.

- Drive compliance program and monitor systems.

Compliance reviews:

- Ensure policies and procedures are followed and monitor improvements.

Monitor regulatory changes:

- Interpretation and dissemination of information to departments for implementation.

- Focus on self-learning and development on relevant guidelines.

- Maintain and periodically review necessary policies under various regulations.

Problem Solving:

- Proactively manage potential regulatory risks.

- Identify inconsistencies in data and transactions:

- Formulate strategic recommendations on policies, procedures, and practices.

- Develop solutions to address specific challenges faced by business units in regulatory compliance matters, including impact assessments.

Guide transaction monitoring teams:

- Address critical areas such as suspicious transactions and name match as per screening output.

Conduct process audits/reviews:

- Escalate high-risk issues to management.

- Identify and inform changes in legislation and regulatory requirements relating to AML.

Monitor and report critical gaps during reviews:

- Recommend corrective actions.

- Interaction

Guide and support internal teams:

- Conduct face-to-face training for internal teams and business units.

Liaison/follow-up with inter-departments:

- Ensure timely completion/updating of compliance tasks.

Report suspicious transactions:

- Report to regulators (e.g., FIU) and other stakeholders (e.g., Partner Banks).

Assist the Head of Compliance:

- Provide updates to senior management on critical compliance issues for immediate attention and escalation.

To succeed in the role:

Qualifications:

- Any CS / LLB / MBA with at least 6 years of experience in BFSI /Fintech compliance space focusing on AML and KYC related compliance.

- Experience in BFSI & Fintech (Prefer compliance persons from NBFC/bank who has experience in handling lending processes, AML compliance, product compliances etc . Should have dealt with Regulatory audits (RBI audits / Inspections) & communicated with regulators actively on compliance related matters).

Skills, experiences & behaviors :

- 8 + years in Compliance / AML monitoring and oversight in BFSI / Fintech

- Exposure to Payment sectors preferred

- Analytical bent of mind with a demonstrated strength in being able to analyze, review compliance

- Should be responsible, transparent, reliable & accountable with good stakeholder management skills.