3.0 - 5.0 years

3 - 5 Lacs

chennai

Work from Office

We are seeking a highly experienced and dedicated Principal Officer (PO) to lead and oversee the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance framework. The Principal Officer will be the designated management-level officer responsible for ensuring compliance with the Prevention of Money Laundering Act (PMLA) 2002 , applicable rules, and related regulations. The role requires strong leadership, regulatory expertise, and a proactive approach to managing AML/CFT risks in the VDA (Virtual Digital Assets) sector. Key Responsibilities Regulatory Compliance & Governance Act as the primary management-level officer responsible for AML/CFT compliance. Ensure strict adherence to PMLA, PML Rules, and other regulatory obligations. Present quarterly updates on AML/CFT compliance to the Board/Sub-committee. Independence & Exclusivity Serve exclusively in the role of Principal Officer to avoid conflicts of interest. Commit full-time to the VDA SP without concurrent roles in other entities. AML/CFT Program Management Oversee risk assessment of products, services, delivery channels, clients, and transactions. Implement, monitor, and improve AML/CFT programs including client due diligence, transaction monitoring, and reporting. Identify, assess, and mitigate ML/TF risks based on global/domestic trends. Risk & Control Participate as a permanent invitee in senior-level risk committees. Develop and enforce internal compliance policies, controls, and information handling guidelines. Proactively identify compliance vulnerabilities and implement corrective measures. Liaison & Reporting Act as the key contact for FIU-IND, regulatory authorities, and law enforcement agencies. Ensure timely responses to information requests from regulators/enforcement bodies. Coordinate with internal teams to compile and submit necessary reports/documents. Resource & Team Management Ensure sufficient staffing, tools, and resources for effective AML/CFT compliance. Provide regular training and guidance to employees on AML/CFT policies and obligations. Qualifications & Requirements Graduate/Postgraduate in Law, Finance, Compliance, Risk Management, or related field . Minimum 3 years of relevant experience in AML/CFT, compliance, or legal functions. Strong knowledge of AML/CFT laws, PML Act, and regulatory frameworks . In-depth understanding of ML/TF risks, vulnerabilities, and emerging typologies . Familiarity with compliance practices in financial services or virtual assets sector . Excellent communication, analytical, and decision-making skills. Key Attributes High integrity and independence in decision-making. Strong leadership presence with ability to influence at senior level. Ability to manage regulator relationships and meet deadlines effectively. Strategic, proactive, and compliance-focused mindset. Reporting & Authority Reports directly to the Board of Directors/Compliance Committee . Authorized to act independently on all AML/CFT-related matters.

Posted 6 days ago

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