AML Officer - Bullion Trading (Mumbai)

Job Title: AML Officer Bullion Trading Role Summary We are seeking an experienced and detail-oriented AML Officer to oversee the Anti-Money Laundering (AML), KYC, and regulatory compliance framework for our bullion trading business. The role involves monitoring transactions, identifying suspicious activities, ensuring compliance with applicable AML/CFT regulations, and strengthening the organizations compliance and risk management practices in relation to high-value bullion transactions. Key Responsibilities AML Monitoring & Compliance - Monitor customer transactions and trading activities to identify suspicious, unusual, or high-risk patterns. - Conduct Anti-Money Laundering (AML) reviews and ensure adherence to applicable AML/CFT regulations and internal compliance policies. - Investigate unusual, structured, or high-value bullion transactions and escalate concerns where required. - Identify potential money laundering, sanctions, fraud, or terrorism financing risks associated with customers and transactions. KYC / Customer Due Diligence - Conduct Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes for customers and counterparties. - Review onboarding documentation and assess customer risk profiles based on business activity, source of funds, ownership structure, and transaction behavior. - Perform screening against Sanctions Lists, Politically Exposed Persons (PEPs), watchlists, and adverse media databases. Regulatory Reporting & Governance - Prepare and file Suspicious Transaction Reports (STRs) with relevant authorities, including reporting obligations to the Financial Intelligence Unit India (FIU-IND), wherever applicable. - Ensure compliance with applicable AML/CFT, PMLA requirements, and other relevant regulatory obligations governing bullion and high-value transactions. - Maintain proper records, audit trails, and compliance documentation in line with regulatory standards and internal policies. Stakeholder Coordination - Coordinate with internal stakeholders, auditors, consultants, and regulatory authorities during compliance reviews, audits, or inspections. - Support implementation and enhancement of AML controls, policies, and compliance frameworks. - Provide compliance guidance and awareness to business teams on AML/KYC obligations and emerging risks. Qualifications & Experience Skilled Certifications (Preferred) Any One Or More Of The Following - CAMS (Certified Anti-Money Laundering Specialist) - ICA Certification in AML/KYC - NISM Series XXIV AML & CFT - Equivalent AML/KYC or financial crime compliance certifications Experience - 7-10 years of relevant experience in AML, compliance, or financial crime risk management, preferably with exposure to: - Bullion / precious metals industry - Commodities trading sector - Banking, financial institutions, or NBFCs handling high-value transactions Key Skills & Competencies - Strong understanding of AML/KYC regulations, PMLA compliance, and AML/CFT frameworks. - Familiarity with FIU reporting requirements and suspicious transaction monitoring. - Strong analytical and investigative skills to identify unusual transaction patterns and compliance risks. - Good documentation, reporting, and stakeholder coordination abilities. - High attention to detail, integrity, and professional judgment. .