Job Requirements

About the Role

The Senior Compliance Manager - IBU will primarily focus on Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance at GIFT City IBU. This role supports the Compliance and Principal Officer (CO & PO) of IBU in ensuring adherence to regulatory guidelines and managing AML/KYC compliance risks.

Key Responsibilities

Primary Responsibilities

- Monitor and investigate AML transaction alerts, identify suspicious activities, and coordinate timely disposition with stakeholders.
- Prepare, validate, and support regulatory submissions including STR, CTR, and other AML/CFT reporting requirements.
- Manage Customer Risk Rating (CRR) processes, including customer risk assessments, risk categorization and trigger-based reviews.
- Ensure compliance with KYC, CDD, EDD, and periodic Re-KYC requirements in line with IFSCA regulations and internal policies.
- Perform periodic AML/CFT compliance reviews and monitor adherence to regulatory and internal control frameworks.
- Support enhancement of AML systems, transaction monitoring scenarios, thresholds, and risk-based controls to strengthen financial crime risk management.
- Coordinate with regulators, auditors, and internal stakeholders during inspections, audits, and remediation of compliance observations.
- Partner with Business, Operations, Risk, Technology, and Product teams to provide AML/KYC compliance advisory and support.
- Track regulatory developments,



update AML/KYC policies and procedures, and promote compliance awareness through training initiatives.

Secondary Responsibilities

- Interact with the IFSCA Authority as required.
- Assist CO in formulating and periodically reviewing Policies, Product Notes, SOPs, and SLAs related to IBU.
- Support CO in delegated activities.
- Coordinate with HO Compliance Contact and CO for IBU-related activities, including data preparation for return submissions and ad-hoc regulatory requests.
- Undertake delegated activities in the absence of CO and PO.
- Perform other compliance activities as assigned by the governing body.

What We Are Looking For

Education

- Graduation: Bachelor of Science (B.Sc.), Bachelor of Technology (B.Tech), Bachelor of Computer Applications (BCA), Bachelor of Commerce (B.Com), or Bachelor of Business Administration (BBA).
- Post-graduation: MBA or PGDM.

Experience

- 3 years of relevant experience in compliance, particularly in AML and KYC.

Skills and Attributes

- Robust understanding of AML/CFT regulations and compliance frameworks.
- Ability to interpret and implement regulatory guidelines.
- Effective communication skills for interaction with regulators and internal stakeholders.
- Analytical skills to monitor and assess compliance risks.
- Proficiency in preparing regulatory reports and documentation.
- Adaptability to work in a dynamic regulatory environment.

📌 Senior Compliance Manager - IBU (Mumbai)
🏢 IDFC FIRST Bank
📍 Mumbai