Vice President - Anti Money Laundering - Bank

We are Hiring For Vice President - Anti Money Laundering.

Job Role :

Responsibilities : The position reports to the Head of AFC, India.

AML Responsibilities :

The AML Officer's responsibilities include handling and assisting the Head of AFC in carrying out the overall AML/ KYC responsibilities :

- Would be heading the AML function under AFC, managing a team of KYC and transaction monitoring professionals and would be overall in charge of the AML function.

- Drafting and maintenance of local AML/ KYC policies and procedures for India and regular updates based on global policy guidelines and changes to local regulatory requirements.

- Overall in charge of the Transaction Monitoring process. Defining rules, processes and implementation.

- Deciding on new or existing relationships that are escalated by the business divisions, or deciding to escalate further.

- Review and advice on queries and issues related to KYC / AML raised to the AML team.

- Review of on New Product Approvals and Smartsourcing initiatives for India where appropriate.

- Regular interface with relevant regulators i.e RBI, SEBI, FIU or any other government agency and ensure timely response to any regulatory requests.

- Act as the Principal Officer for the Bank

- Investigation of unusual and suspicious transactions and activities escalated to AML timely preparation of suspicious transaction reports and reporting to FIU, and maintaining the Suspicious Transaction Reporting log.

- Timely preparation and coordination with business for all the periodic and ad-hoc reports to be filed to the FIU or other regulators as per the regulatory guidelines.

- Providing timely response and MIS to all internal enquiries and requirement from the regional /Global AFC and publish Mis to local management.

- Performing Quality assurance on the AFC activities in line with the Global Assurance program and maintain local AFC assurance control process.

- Performing local AML Risk Analysis and providing all the regular AML MIS for India, as assigned from time to time.

- Providing or assisting the provision of training on local regulatory requirements and organization internal policies, along with producing training materials.

Essential skills :

- Excellent technical AML knowledge skills and experience, and demonstrated hands-on experience

- Understanding of investment banking, corporate banking and retail Banking products and services, and risk profile of each category.

- Strong analytical skills

- Strong leadership skills

- Strong interpersonal and influencing skills

- Customer service orientation

- Attention to detail.

- Performance orientation

- Teamwork and communication

- Ability to work independently and prioritize tasks under pressure.

Education / Qualifications Required:

- Graduate / Post graduate in Accounting or finance streams. Candidates with professional degrees would be desired.

- Relevant AML or related certifications (desirable)

- (CAMS, CFE, IntDipAML)

Personal Attributes /Background/ Work Experience Required :

- 10+ years relevant experience.

- Work experience in a regulator or leading banks.

- Experience with regulatory audits on AML.

Nikita Uchwani
Specialist BFSI
7410033808