Lead AML Risk

Anti-Money Laundering Manager KYC Jobs

Job Description : Lead -KYC and AML Risk Operations

Experience: 8-12 years

Location: Bangalore

Responsibilities:

Regulatory Compliance:

Stay abreast of evolving regulatory requirements and guidelines relevant to the fintech industry, particularly in payments and lending domains.
Interpret regulatory changes and assess their impact on the company's operations, products, and services.
Advise internal stakeholders on compliance obligations and assist in implementing necessary changes to ensure adherence to regulations.
KYC and AML (Anti-Money Laundering):

Develop and enhance KYC policies and procedures to ensure thorough customer due diligence and compliance with AML regulations.
Conduct risk-based customer reviews and screening processes to identify potential money laundering activities and fraud risks.
Implement effective monitoring mechanisms to detect suspicious transactions and report them to relevant authorities as required.
Risk Assessment and Mitigation:

Assess risks associated with the launch of new products, features, or services in the payments and lending space.
Identify potential compliance risks, operational vulnerabilities, and financial exposures, and develop mitigation strategies to address them.
Collaborate with product and technology teams to incorporate compliance controls into the product development lifecycle.
Compliance Monitoring and Reporting:
Establish monitoring procedures to track compliance with regulatory requirements, internal policies, and industry standards.
Conduct periodic compliance reviews and audits to assess the effectiveness of existing controls and identify areas for improvement.
Prepare and submit regulatory reports, filings, and disclosures in accordance with prescribed timelines.
Training and Awareness:

Develop and deliver training programs to educate employees on regulatory compliance obligations, including KYC procedures and risk management practices.
Foster a culture of compliance awareness and accountability throughout the organization by promoting best practices and ethical conduct.
SOP Development:

Develop and maintain Standard Operating Procedures (SOPs) for KYC and AML processes.

Requirements

Bachelor's degree in Finance, Business Administration, Law, or a related field. Advanced degree or professional certification in compliance, risk management, or AML preferred.
8+ years of experience in risk management, compliance, or regulatory affairs within the fintech or financial services industry, with a focus on payments and lending.
Strong understanding of KYC principles, AML regulations, and other relevant compliance requirements.
Ability to assess and mitigate risks associated with fintech products and services, particularly in payments and lending.
Excellent communication skills with the ability to convey complex regulatory concepts clearly and effectively to various stakeholders.
Analytical mindset with strong problem-solving abilities and attention to detail.
Proven track record of implementing compliance programs and controls in a fast-paced, dynamic environment.
Familiarity with regulatory compliance tools and software for monitoring, reporting, and documentation purposes.