Principal Officer

Responsibilities

• Develop and implement comprehensive anti-money laundering (AML) and compliance programs that align with regulatory requirements and best practices as required under PMLA, Act, 2002.
• Serve as the primary point of contact for regulatory agencies and external auditors in the India, ensuring timely and accurate communication and reporting on compliance-related issues.
• Monitor changes in AML and compliance regulations, and provide guidance and recommendations to the executive team to ensure compliance with regulatory obligations.
• Conduct regular risk assessments and audits to identify potential areas of non-compliance, and implement corrective measures and controls to mitigate financial risks effectively.
• Provide training and guidance to employees on AML and compliance matters, fostering a culture of awareness and accountability throughout the organization.
• Assist with the creation, maintenance, and review of policies, procedures, and controls to identify, prevent, mitigate, and manage regulatory risk.
• Update investment and disclosure documentation in line with regulatory, legislative, and business changes.
• Preparation of board and compliance reports.
• Maintain PMLA records. Assist with regulator correspondence and reporting for the FIU India.
• Lead conversations with regulators and ensure compliance to all licenses (for payment services and digital assets).
• Investigate breaches and incidents and ensure timely resolution and improvement to control environment
• Manage the complaint handling process, in particular, escalated complaints.
• Manage relationships with key internal and external parties and promote a positive compliance culture.
• Identify and partner with the appropriate partners and tools needed for compliance - help get them onboarded and initiated.
• Perform enterprise-wide risk assessments.
• Conduct compliance testing and report the results to Management.
• Acting as the contact point with local regulator, manage the communication properly and escalated when needed.
• Manage the requests from internal and external stakeholders, for instance regulator, payment services provider, etc.
• Review of the alerts and preparation of STRs, reporting of STRs.
• Timely and effective responses to the FIU India.
  

Preferred Qualifications

• 8+ years’ relevant experience in a legal or compliance role with a substantial knowledge of relevant rules and regulations and the day-to-day compliance affairs.
• Bachelor's or Master's degree in Law, Finance, or a related field. A relevant compliance certification is a plus.
• Experience in a compliance role with a focus on anti-money laundering (AML) regulations and global compliance requirements across various jurisdictions.
• Proven experience in developing and implementing AML and compliance programs in a complex regulatory environment, within the financial services industry.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders.
• A proactive attitude, a strong work ethic, and the ability to thrive in a fast-paced and dynamic work environment.
  

• You are an autonomous, critical thinker with razor-sharp problem-solving skills.
• You are passionate about what you do.
• You are exceptional at time management and have a proven track record of being able to work efficiently with minimum supervision.
• You demonstrate ownership traits.