Lead – AML

from 6 to 10 year(s) of Experience

Job Description

Job Responsibilities:

1) AML Transaction Monitoring:

Setting up robust processes, systems and tools to facilitate monitoring & reporting in line with regulatory guidelines. Create processes, SOP and office notes on the process changes / new initiatives. Ensure processing & analyzing data and identifying suspicious cases wherever applicable in line with PMLA Act

2) Submission of STR reports:

Reviewing & approving the ground of suspicion for STR Submission. Reporting STRs within 7 days after establishing that the case is a ML case.

3) Alliance Partner Management:

Designing AML Questionnaire and Declaration for International Alliance Partners. Ensure consolidating the responses received from them timely and on receipt of similar questionnaires from our Alliance Partners, collating responses from concerned persons and sharing it with respective Alliance Partners.

4) AML risk identification at the time of onboarding the members

Overseeing the Monitoring AML risk during the onboarding process for proposed new NPCI products, ensure sanction list/ OFAC/PEP and NL members are identified / taken up for action

5) Vendor Management
Onboarding Vendor by conducting due diligence, checking their finances, and providing a report if Vendor is suitable for onboarding. Post onboarding being part of audit, checking audit report and providing conclusion on the same. Also managing yearly audits.

6) Audit & compliance
Represent internal & external audits conducted by regulators, partners and third party auditors on AML compliance.

7) Leadership and People management qualities

Train the team on the AML processes and keep them abreast on all recent regulatory aspects & applicability

Ensure back up creation and resourcefull allocation of activity with optimum productivity.

8) AML Risk Assessment (Ongoing) & AML Training and awareness:

Conducting AML Risk Assessment of member banks which are getting on-boarded for new products as per the guidelines.Employee awareness and training programs to be conducted in line with regulatory requirement

Educational Qualifications:

Any Graduate

AML CAMS/CAMI/IIBF or any equivalent Certification

Indepth knowledge of PMLA, RBI, FIU guidelines. Also having basic understanding of FATF, OFAC, BSA guidelines at an entity level

Should have CAMI (Certified Anti Money Laundering Investigator) or equivalent certification on AML / KYC

Should have 8 – 12 years of prior experience, preferably from Banking, Fintech, payment gateway or aggregator background

Should have sound knowledge on risk assessment & STR filing processes

Should be confident & dynamic in terms of managing regulatory bodies, members & FIU

Should have good analytical ability in handling data / information and tools for transaction screening & monitoring

Key Skills

Desired Candidate Profile

Please refer to the Job description above

Company Profile

National Payments Corporation of India

National Payments Corporation of India is an umbrella institution for all the retail payments in the country. The core objective is to consolidate and integrate the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems.

We have products like AEPS(Aadhaar Enabled Payment Services), CTS(Cheque Truncation System), IMPS(Immediate Payment Services), NFS(National Financial Switch), NACH(National Automated Clearing House), UPI(Unified Payments Interface),BHIM(Bharat Interface Money) *99#, RuPay Card.For more detailed information on the Vision, Mission, Objectives and Products & Services.

You can log on to http://www.npci.org.in/

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Contact Company:National Payments Corporation of India


Not Disclosed by Recruiter

Functional Area:


Employment Type:

Full Time, Permanent