LotusX

Key Responsibility Areas (KRA) – Principal Officer Position Title: Principal Officer (AML / PMLA Compliance) Company: Techlotus Private Limited Location: Andheri (West), Mumbai Employment Type: Full-Time Experience Required: Minimum 10 years in AML, PMLA Compliance, and Financial Regulation Objective of the Role: To ensure complete compliance with the Prevention of Money Laundering Act (PMLA), Anti-Money Laundering (AML) guidelines, SEBI/ FIU-IND directives, and all other regulatory requirements applicable to the operations of Techlotus Private Limited, particularly in relation to its Virtual Digital Asset (VDA) services. Key Responsibilities: AML & PMLA Compliance Leadership Serve as the designated Principal Officer under PMLA for Techlotus Private Limited. Oversee the implementation of the AML Compliance Framework and ensure adherence to regulatory standards. Establish and maintain AML/CFT (Combating the Financing of Terrorism) procedures, internal controls, and monitoring systems. Regulatory Reporting & Liaison Ensure timely and accurate reporting to the Financial Intelligence Unit – India (FIU-IND) including CTRs, STRs, NTRs, and KYC-related records. Act as the main point of contact with FIU-IND, SEBI, RBI (if applicable), and other relevant regulators. Lead audits and inspections related to AML compliance by internal and external regulators. Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD) Oversee the KYC verification process and ensure proper onboarding as per risk-based classification. Supervise Enhanced Due Diligence (EDD) procedures for high-risk clients and complex transactions. Transaction Monitoring & Risk Identification Monitor, review, and analyze transactions to identify suspicious activities, patterns, and typologies. Oversee automated and manual surveillance systems for tracking unusual transaction behavior in line with PMLA norms. Policy Development & Review Draft, update, and implement internal AML policies, SOPs, and risk management frameworks. Conduct periodic reviews of AML policies in line with regulatory changes and evolving risks. Training & Awareness Organize regular AML training and awareness programs for employees, senior management, and operational staff. Maintain training records and ensure organizational preparedness in regulatory compliance. Record Keeping & Documentation Ensure proper maintenance and retrieval of KYC, CDD, STR, and related compliance documentation as per prescribed retention periods. Maintain logs and documentation for audit trails and internal governance. Governance & Reporting Prepare and submit periodic compliance reports to the Board of Directors and the senior management. Ensure ongoing assessment of AML risks and provide strategic recommendations. Key Requirements: Educational Qualification: Graduate/Postgraduate in Law, Finance, or relevant field. Certification in AML/CFT preferred (e.g., CAMS, ICA). Experience: Minimum 10 years of experience in AML, PMLA compliance, financial risk management, and regulatory liaison. Skills & Attributes: In-depth understanding of PMLA, SEBI guidelines, FIU-IND reporting standards Analytical and investigative mindset Leadership and team management abilities Strong communication and documentation skills Knowledge of VDA/blockchain compliance will be an added advantage Salary Range : 10 LPA till 15 LPA Preferred Candidate : Mumbai Location