Principal Officer - Bank

Principal Officer Description: Comply with PMLA Guidelines / FIU-IND and other regulatory requirements Main Accountabilities: - The Principal Officer shall be responsible for ensuring full compliance with KYC, AML, and CFT requirements. - This includes overseeing transaction monitoring, ensuring timely identification and reporting of suspicious activities, and sharing information with relevant authorities in accordance with applicable laws, regulations, and regulatory guidelines. Goals & KPIs: - To ensure that AML unit is fully complying with FIU-IND & PMLA Guidelines. - To ensure that the reporting obligations under PMLA are met. - PO should also ensure implementation of RFI as prescribed by FIU-IND/RBI time to time. - The PO should also ensure that all important issues are reported to the senior management of the bank on a periodic basis. - Enhancing knowledge of AML-Unit via internal /external training/ module, including Branch Visit, Attending Seminars and Webinars on AML. - Oversight of the implementation of the banks AML/ CFT policies and procedures, including the operation of the risk-based approach . - Review and Approve Suspicious Transactions and ensure Regulatory Reporting (CTR, CCR, CBWTR and NTR) within TAT. - Ensure Customer Risk Categorization as per Master Direction. - Streamlining of AML processes and work towards bringing in improvement /efficiency in the AML processes. - Highlighting trends to business to ensure necessary controls are put in place. The PO should be able to identify trends, prepare typologies and power point presentations. - Liaison with FIU-IND, RBI and other regulatory bodies for KYC-AML related matters. - Oversight of the banks compliance with its requirements in respect of staff training, including adequate arrangements for awareness and training of employees. Experience / Skillset / Certifications Required: Educational Qualifications: - Bachelors, Masters (preferred) Certifications: - Professional certification in AML/KYC/CFT preferable ACAMS Skills & Competencies: - Team Handling, Transaction Monitoring, Regulatory Reporting, Handling Regulators, RBI, FIU- India Experience: - 16 to 21 Years of relevant experience, including experience of having worked as Principal Officer in any commercial bank .