Compliance Manager - India MLRO
December 10
Description
• Establishing AML and CFT systems and controls to comply with PMLA, PMLR and VDA AML guidelines. • Maintaining and developing the risk based approach to AML and CFT arrangements - carrying out regular assessments of the adequacy of systems and controls to ensure that risks are managed effectively. • Overseeing the implementation of appropriate AML and CFT policies and procedures, including the operation of the risk-based approach. • Determining the level of resources required to execute appropriate AML and CFT policies and procedures. • Reviewing the output from the suspicious activity monitoring processes. • Ensuring that AML and CFT requirements are considered as part of the development of new products, or service changes. • Obtaining board approval for significant process changes. • Ensure that policies and procedures are accurately documented in the AML Manual which should be available to staff and used to guide training. • Ensure that the Board is kept informed of the money laundering risks posed by the business and its activities, and how these are managed and mitigated. • Reporting to the Board on a regular basis detailing the operation and effectiveness of the systems and controls used to combat financial crime. • Documenting and ensuring that any actions recommended by the Board are implemented. • Arrange and assist with regulatory visits and audit inspections. • Regularly reviewing developments in applicable legislation (Indian AML/CFT Regulations, FATF, Etc.) and guidance (domestic and international where the business is involved). • Ensuring that policies are updated to meet changing regulatory and business requirements. • Ensuring that the operation of systems and controls are monitored and that they implement policy. • Maintaining up to date AML documentation. • Ensuring that relevant staff are provided with AML and CFT training appropriate for their position (frequency and content) and that all new staff receive training within the specified period. Ensure that training materials remain up-to-date and relevant to the business. • Maintain an internal reporting process for receiving internal Suspicious Transaction Reports (STRs). • Investigating internal STRs, using all available resources. • Deciding, following investigation, whether the internal report gives rise to knowledge or suspicion or reasonable grounds for knowledge or suspicion and submitting an external STR to the Indian FIU where appropriate. • Documenting the reasons for not submitting an external STR to the FIU where an internal report has been made, considered and deemed not to be suspicious. • Ensure that relevant records are retained for the prescribed periods. • Where required be the main point of contact for law enforcement officials.
Requirements
• Minimum 8 years of experience in AML compliance related functions. • Experience in developing and administering internal controls and processes. • Ability to work collaboratively with a broad range of business functions, with an emphasis on senior management, is essential. • A demonstrated ability to work with diverse groups of people is required. • A willingness to take personal legal responsibility for the prevention of financial crime is essential. • Ability to interface with Regulators • Ability to work in a cross functional environment • A professional compliance, or financial qualification, and membership of a recognised professional body, would be advantageous but not a prerequisite. • Experience managing an AML or Compliance Department • Management experience in a matrixed environment
Benefits
• target bonus + target equity + benefits (including medical, dental, and vision)
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