Principal Officer_MLRO

Role Overview: You will be responsible for handling the vital role of KYC/AML Compliance of the entire Bank in the capacity of the Principal Officer (PO)/ MLRO of the Bank. Your main focus will be on ensuring Compliance to the directions issued by FIU-Ind, various Law Enforcement Agencies, and Regulators. Key Responsibilities: - Act as the Principal Officer / MLRO of the Bank, ensuring KYC/AML compliance, implementation of regulatory prescriptions, and internal policies. - Oversee and ensure the reporting of STR, CTR, NTR, CCR, CBWTR, and other reports to FIU-IND. - Approve all Suspicious Transaction Reports (STRs) and ensure the maintenance of reporting quality. - Ensure timely submission of STRs to FIU-IND. - Manage a team of around 40 members, ensuring adherence to all TATs and strict compliance with laid down processes. - Review AML and sanction screening rules periodically and review transaction monitoring rules in the automated solution. - Coordinate with JOCATA for issue resolution and system developments. - Implement and monitor RFIs and ensure Transaction Monitoring and Surveillance of Demat accounts. - Monitor EDD activity based on Review of Risk Categorization and approve onboarding of High-risk, PEP, and Gems and Jewelry accounts. - Oversee Media News and Strike Off Companies received. - Review and approve all documents related to KYC/AML of Correspondent Banking and Wolfsberg Questionnaire. - Ensure strict adherence to OFAC sanction Policy and oversee the review of KYC/AML SOP and KYC Policy. - Attend Audits and provide input for CIC and Board Notes. - Conduct KYC/AML training programs for bank employees and actively participate in Knowledge sessions. - Share knowledge on KYC/AML with all Bank Employees. - Guide other units of the Bank regarding the KYC/AML policy. - Ensure timely compliance with notices/queries received from Law Enforcement Agencies and Regulators. - Maintain a cordial relationship with FIU-IND, IBA, and Officials of other enforcement agencies. Qualification Required: - Graduate, Postgraduate. MBA/ CA will be an added advantage. - 15 years of banking experience with a minimum of 10+ years in AML function and 5+ years in a managerial role. - Ability to transfer strategic ideas to the technical team and communicate technical details to non-technical audiences.,