Head/Money Laundering Reporting Officer - Compliance - KYC/AML - Bank (14-23 yrs)
KYC/AML Compliance Head(MLRO) - BANK
Job Title : KYC/AML Compliance Head (Money Laundering Reporting Officer-MLRO), The position is with a leading Bank
Grade : Senior Vice President (SVP)
Business Unit : Compliance
Location : Mumbai
This position will be reporting to the Chief Compliance Officer.
Job Description :
- Acting as a Money Laundering Reporting Officer (MLRO) to FIU-IND and RBI
- KYC Guidance to the Business Units
- Develop and maintain KYC/AML compliance policies and establish compliance review procedures as directed by RBI & FIU India
- Work closely with management to establish an appropriate compliance culture & development of specialized training programs on AML/KYC risks
- Managing the KYC/AML team and providing guidance to the team for better output
- Guidance for Screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard AML regulations
- Effective liaison with regulatory agencies, internal and external advisors, and other internal control groups on AML compliance related issues
- Reporting suspicious transactions to FIU India
- Direct the activities of the bank's AML compliance staff & ensure team is filing periodic reports to internal and external stakeholders on time
- Manage the automation & upgradation of AML Software - Transaction Monitoring & Reporting Module
- Develop and manage periodic KYC updation program(Re-KYC) along with Customer Risk Categorisation module
- Employee account monitoring ensuring prevention of frauds perpetrated by employees
- Represent Compliance in system and process development programs of Aaddhar & CKYC
- Managing Regulatory inspection, data submission pertaining to KYC/AML
- Supporting Chief Compliance Officer on all matters pertaining to KYC/AML Compliance
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