Job description :

- Rule configuration, tuning, and optimization of the Transaction Monitoring System (TMS) for PPI wallet transactions, UPI P2P/P2M flows, BBPS bill payments, and inward/outward remittances.

- Design and maintain a comprehensive library of AML detection scenarios and typologies specific to digital payments - including smurfing, layering via UPI, structuring of PPI loads, round-tripping, mule account networks, and dormant account reactivation abuse.

- Establish and monitor rule performance metrics: alert volume, false-positive rate (FPR), true-positive rate (TPR), and investigation-to-STR conversion rate; drive tuning initiatives to reduce FPR without sacrificing detection efficacy.

- Strong hands on the alert management workflow: Level 1 disposition of alerts, Level 2 investigation, and escalation to MLRO for STR decision.

- Manage transaction velocity limits, cooling-off controls, and behavioral analytics models in coordination with the Technology and Data Science teams.

- Assess and recommend integration of AI/ML-based anomaly detection tools to supplement rule-based TMS.

- Prepare and file Non-Profit Organisation Transaction Reports (NTRs) and Counterfeit Currency Reports (CCRs) as applicable.

- Respond to FIU-IND and law enforcement agency (LEA) requests for information (RFIs); manage freeze/seizure orders under PMLA.

- Support RBI inspection and off-site monitoring queries; prepare AML-related inputs for RBI annual inspection.

- Compile and submit NPCI-mandated fraud and AML MIS reports within prescribed timelines.

- Maintain a regulatory reporting calendar and evidence register for all AML filings.

- Prepare quarterly AML compliance reports for the Board Risk & Compliance Committee (BRCC).

- Design and deliver AML awareness training for customer-facing staff, operations, technology, and product teams; maintain training completion records.

- Act as primary liaison for internal and external AML audits; manage findings, track remediation, and submit evidence to audit committee.

- Stay current on FATF recommendations and industry typology reports; incorporate learnings into the programme.

Criteria Requirement

Education

- Graduate degree (minimum) in Finance, Law, Commerce, Economics, or related field. MBA/LLB/CA/CFA preferred.

Certifications

- CAMS (Certified Anti-Money Laundering Specialist) - ACAMS | OR CGSS (Certified Global Sanctions Specialist) | OR CFCS (Certified Financial Crime Specialist). Additional: RBI-mandated AML training certificate preferred.

Total Experience

- Minimum 5 years of post-qualification experience in AML / Financial Crime Compliance, with at least 3 years in digital payments / fintech.

Sector Experience

Mandatory: Experience in at least TWO of: PPI issuer, Payment Aggregator/PSO, UPI TPAP/PSP, BBPS Operating Unit, or scheduled commercial bank's digital banking AML function.

Regulatory Familiarity

Deep working knowledge of: PMLA 2002 & Rules; RBI KYC Master Directions; FIU-IND reporting requirements (FINnet 2.0); NPCI UPI/BBPS AML norms; and FATF recommendations.

TMS Exposure

Hands-on experience configuring and/or operating at least one TMS platform (e.g., NICE Actimize, Oracle FCCM, SAS AML, TCS BANCS AML, Napier, or equivalent).

FIU-IND Filings

Demonstrated experience preparing and filing STRs, CTRs, and responding to FIU-IND / LEA RFIs.