Assistant Principal Officer & Lead-AML
- Idfc First Bank
- 10 to 15 Yrs
- Other Maharashtra
- 3 months ago
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Job Description
- Role/Job Title: Assistant Principal Officer Function/ Department: Compliance Job Purpose: The role bearer has the responsibility for comprehensive review of AML alerts. It will include review of customer profile, transaction pattern, financials, transaction documents & ancillary information obtained through public and private sources to identify potential money laundering activities. The role holder needs to be an AML subject-matter-expert with a proven track record and should have a clear understanding of all banking products. The role bearer would also have leadership skills and must have a proven track record of handling large teams. Stakeholder management skills are a prerequisite for this role as well. The role bearer will also be the alternate Principal Officer and will take care of responsibilities in the absence of the Principal Officer of the Bank. Roles & Responsibilities: Develop and maintain AML/TBML compliance policies and establish compliance review procedures as directed by regulatory agencies. Lead a large AML transaction monitoring team. Guidance for screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard AML regulations. Manage any AML/TBML relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses. Provide AML inputs into any new banking business or products approval that may have AML/CFT risk. Ensure that management and staff are notified of changes in laws and regulations impacting the compliance program. Responsible for review and implementation of various RFIs in the AML/TBML function and ensure guidance notes are adhered to. Report suspicious transactions and other reports to regulatory agencies, maintain proper records of detected violations and actions taken by management for audit trail. Ensure filing of periodic reports to internal and external stakeholders on time. Manage the automation & upgradation of AML Software - Transaction Monitoring. Develop and manage Customer Risk Categorization module. Manage the monitoring of work assigned to the team and recommend process changes to increase efficiency. Liaison with regulatory agencies, internal and external advisors, and other internal control groups on AML compliance related issues. Establish an appropriate compliance culture & development of specialized training programs on AML risks. Capture and share best- practice knowledge amongst the team. Stay abreast with global market trends and competitor strategies in key markets. Leverage in-house synergies through collaboration with internal stakeholders. Create an environment that promotes collaborative learning and collective ownership of responsibilities. Act as the Alternate Principal Officer and take responsibilities as a Principal Officer in the absence of the PO, as delegated. Any other activities as delegated by the Chief Compliance Officer or the Principal Officer. Carry out responsibilities as delegated by the CCO and/or PO. Monitor key parameters on productivity, hiring quality and attrition rates and make necessary improvements. Champion IDFC First's customer first culture by driving the team to take up high degree servicing norms to ensure absolute customer delight. Attract and retain best-in-class talent for key roles in their reporting structure. Education Qualifications: Graduation: Any Graduate Post Graduation: Any Post Graduate Professional Qualification/Certification: Any Professional Degree. ACAMS certification would be an added advantage. Any other AML/CFT/TBML or Financial Crime related certifications and/or specialized courses certificates. Experience: 10+ years of AML experience. Overall experience of 15+years in the Banking Domain.,
Employement Category:
Employement Type: Full timeIndustry: BFSI
Role Category: Not Specified
Functional Area: Not Specified
Role/Responsibilies: Assistant Principal Officer & Lead-AML
Contact Details:
Company: Idfc First BankLocation(s): Other Maharashtra
Keyskills: Stakeholder management Leadership skills Team management Regulatory compliance Audit management Risk assessment Collaboration Customer service orientation Talent acquisition Market trends analysis
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About Capital First Limited: CFL is listed on BSE and NSE (Stock Code: CFL). The company provides Mortgage loans to SMEs against pledge of property, Gold Loans to retail customers, Consumer Durable Loans, Two wheeler loans, and senior secured Wholesale loans. During the last year the company expande...
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