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21/06 Kevin
Executive Director - Financial Services at ABC Consultants

Views:845 Applications:110 Rec. Actions:Recruiter Actions:54

Head - KYC/AML Compliance - Banking Sector (15-20 yrs)

Mumbai Job Code: 1113709

KYC/AML Compliance Head


Job Description :

- Acting as a Money Laundering Reporting Officer (MLRO) / Principal Officer to FIU-IND and RBI and perform the duties of MLRO / Principal Officer effectively.

- Ensuring proper implementation of AML/KYC requirements across the bank

- Periodically reviewing the KYC/AML compliance policies and procedures and ensure compliance with these across the bank

- Establish compliance review procedures as directed by RBI & FIU India

- Providing prompt and accurate advisory support on AML / KYC requirements to the Business Units

- Work closely with the management to establish an appropriate compliance culture & development of specialized training programs on AML/KYC risks

- Guiding and supervising the KYC/AML team to be more productive and effective. To supervise the advisory and monitoring activities performed by the team. Performing regulatory reporting accurately including STRs, CTRs etc. on time.

- Guidance for Sanctions Screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard AML regulations

- To attend to queries and inspections of the regulatory authorities.

- To maintain credible and open channel of communication with regulatory authorities.

- To effectively represent business cases / matters before the regulators and seek clarifications.

- To work closely with business and proactively identify issues and take corrective actions. Escalate issues as appropriate.

- To continuously strive to improve the AML monitoring processes including automation of the processes.

- To provide oversight over the KYC process, Re-KYC, CKYCR upload process, customer categorization

- Supporting Chief Compliance Officer on all matters pertaining to KYC/AML Compliance

Function: Compliance

Sub Function: KYC/AML Compliance

Educational Qualifications: Professional qualification or Post Graduation with certification on KYC/AML Compliance

Experience: 15 + Years of experience in the banking sector, preferably in AML Compliance

Women-friendly workplace:

Maternity and Paternity Benefits

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