DVP - AML Compliance - Leading Bank-Andheri (Mumbai)

Job Purpose

The AML Compliance Manager is responsible for developing, implementing, and managing the banks Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) compliance program. The role ensures adherence to all applicable laws, regulations, and internal policies to prevent money laundering, terrorist financing, and related financial crimes.

Key Responsibilities

1. AML Program Management

• Design, maintain, and enhance the bank’s AML/CFT compliance framework in line with regulatory requirements (e.g., FATF, local central bank, and financial intelligence unit guidelines).
  
• Conduct periodic reviews of AML/CFT policies, procedures, and controls.
  
• Ensure timely implementation of regulatory updates and industry best practices.
  

2. Transaction Monitoring & Reporting

• Oversee daily monitoring of suspicious transactions and ensure timely escalation and reporting of STRs/SARs (Suspicious Transaction/Activity Reports).
  
• Review high-risk transactions, customers, and business relationships.
  
• Coordinate with business units to obtain necessary information for investigations.
  

3. Customer Due Diligence (CDD) / KYC

• Supervise onboarding and periodic review processes for retail and corporate clients.
  
• Ensure enhanced due diligence (EDD) for high-risk customers and PEPs (Politically Exposed Persons).
  
• Review KYC documentation for completeness and accuracy.
  

4. Risk Assessment & Mitigation

• Lead the annual AML/CFT risk assessment process.
  
• Identify emerging AML/CFT risks and implement mitigation strategies.
  
• Support the bank’s overall enterprise risk management framework.
  

5. Training & Awareness

• Develop and deliver AML/CFT training programs for employees across business lines.
  
• Promote a culture of compliance and ethical conduct within the organization.
  

6. Regulatory Liaison & Reporting

• Serve as the point of contact for AML-related regulatory inquiries, audits, and inspections.
  
• Prepare and submit periodic AML/CFT reports to regulatory authorities.
  
• Support the Head of Compliance in maintaining effective communication with regulators and law enforcement agencies.
  

7. Team Leadership (if applicable)

• Manage and mentor AML analysts and officers.
  
• Allocate resources effectively to ensure timely completion of AML tasks and projects.