DVP/ VP - Unit Head - AML & KYC - Automation Unit - Business Technology

Our Client, a Leading Private Bank is looking out for a DVP/ VP - Unit Head - AML & KYC - Automation Unit - Business Technology to be based at Mumbai.

Job Purpose :

- Head the Unit responsible for AML automation , cKYC submissions

- Automation needs to be done in-line with RBI guidelines.

- Responsible for meeting regulatory time-lines.

- Putting in processes and controls for the accuracy and completeness of the data.

- Responsible to understand the guidelines , with inputs from compliance, operations and business teams.

- Needs to program manage the changes

- Undertake augmentation of the team , by outsourcing where needed to meet regulatory timelines.

- Stakeholder management. Regular monitoring of submissions and identify opportunities for improvements

Job Responsibilities :

Definition of plan for automation of AML alerts :

- Understanding of AML regulation and business requirements for the same raised by user

- Definition of controls and checks and balances wrt to data coming into AML

- Planning , monitoring and tracking of the deliverables

- Stakeholder updates

- Vendor management

- Internal stakeholder management

- Processes to ensure quality

- Automation of FIU reporting - Defining the requirements

- Requirement definition for setting by regulatory data mart for AML and KYC subject area

- cKYC automation for data submission to CERSAI

- Understanding of regulation and translation of the same to automation

- Automation of pending AML alerts

- Automation of FIU reports

- Submission of cKYC data to CERSAI and other regulatory submissions

Stakeholder Engagement :

- Engage with key stakeholders for understanding their plans

- Basis which draw up plans for the year

- Regular meetings with stakeholers to update and understand their requirements

- Time Escalations

Manage partner engagement :

- Program Management

- Draw up a plan with all stakeholders

- Monitoring of the plan

- Identification of Key Risk and planning the mitigation

Strategic planning :

- Requirements to be given for setting up of a regulatory data mart.

- Leverage of new technologies for data intensive processing

Education & Experience :

- MBA from a reputed institute.

- Added certifications in AML and KYC would be an advantage

- More than 15 years of experience. Of which at least 5+ years should be in AML/KYC domain.

- Should have experience of running large automation projects.

- Experience in managing RBI audits, external and internal audits. Compliance reviews

- Ability to quickly understand complex processes and challenge the status quo, identify gaps and compliance risks, inadequacy in control and procedure

- Strong knowledge of Banking Products and KYC/AML processes of banking

- Resilience and are not fazed by challenging situations and conversations

- Should have strong analytical skills

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