Job
Description
Role Overview: You will be responsible for handling the vital role of KYC/AML Compliance of the entire Bank as the Principal Officer (PO)/ MLRO. Your main focus will be to ensure compliance with the directions issued by FIU-Ind, various Law Enforcement Agencies, and Regulators. Key Responsibilities: - Serve as the Principal Officer / MLRO of the Bank to ensure 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. - Manage a team of around 40 members, ensuring adherence to TATs and strict compliance with laid down processes. - Review AML and sanction screening rules periodically and coordinate with JOCATA for issue resolution. - Monitor Transaction Monitoring and Surveillance of Demat accounts and BAAS alerts from AML perspective. - Handle EDD activity resulting from the Review of Risk Categorization on a half-yearly basis. - Approve the onboarding of High-risk, PEP, and Gems and Jewellery accounts. - Oversee Media News and Strike Off Companies received. - Review and approve all documents related to KYC/AML for Correspondent Banking and Wolfsberg Questionnaire. - Ensure strict adherence to the OFAC sanction Policy and review 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 share knowledge on KYC/AML to all employees. - Guide other units of the Bank regarding the KYC/AML policy. - Ensure timely compliance with notices/queries from Law Enforcement Agencies and Regulators. - Maintain a cordial relationship with FIU-IND, IBA, and Officials of other enforcement agencies. Qualification Required: - Graduate, Postgraduate with an MBA/CA being an added advantage. - 15 years of banking experience with at least 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 effectively. Please note that only candidates from Public Sector Banks are eligible to apply for this position. Role Overview: You will be responsible for handling the vital role of KYC/AML Compliance of the entire Bank as the Principal Officer (PO)/ MLRO. Your main focus will be to ensure compliance with the directions issued by FIU-Ind, various Law Enforcement Agencies, and Regulators. Key Responsibilities: - Serve as the Principal Officer / MLRO of the Bank to ensure 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. - Manage a team of around 40 members, ensuring adherence to TATs and strict compliance with laid down processes. - Review AML and sanction screening rules periodically and coordinate with JOCATA for issue resolution. - Monitor Transaction Monitoring and Surveillance of Demat accounts and BAAS alerts from AML perspective. - Handle EDD activity resulting from the Review of Risk Categorization on a half-yearly basis. - Approve the onboarding of High-risk, PEP, and Gems and Jewellery accounts. - Oversee Media News and Strike Off Companies received. - Review and approve all documents related to KYC/AML for Correspondent Banking and Wolfsberg Questionnaire. - Ensure strict adherence to the OFAC sanction Policy and review 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 share knowledge on KYC/AML to all employees. - Guide other units of the Bank regarding the KYC/AML policy. - Ensure timely compliance with notices/queries from Law Enforcement Agencies and Regulators. - Maintain a cordial relationship with FIU-IND, IBA, and Officials of other enforcement agencies. Qualification Required: - Graduate, Postgraduate with an MBA/CA being an added advantage. - 15 years of banking experience with at least 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 effectively. Please note that only candidates from Public Sector Banks are eligible to apply for this position.
