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Assistant Vice President (AVP) – Compliance & AML/KYC

Organization: Mid-Size Private Bank

Function: Compliance / Financial Crime Risk Management The AVP – Compliance & AML/KYC will support execution and day-to-day management of the Bank's Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Know Your Customer (KYC) framework, working closely with the VP/Head of Compliance. The role is more hands-on and execution-heavy than the VP position — owning alert investigation quality, KYC operations, and regulatory reporting output — while beginning to take on team supervision and process-ownership responsibilities as a stepping stone toward the VP role.

Key Responsibilities

AML/CFT Execution

- Support implementation and day-to-day operation of the Bank's AML/CFT framework in line with RBI Master Direction on KYC, PMLA (2002) and Rules, and FATF recommendations
- Assist in periodic AML/CFT risk assessments across customer, product, channel, and geography risk
- Monitor Transaction Monitoring System (TMS) output; support scenario tuning and false-positive analysis under guidance from the VP

KYC & Customer Due Diligence

- Oversee day-to-day CDD/EDD execution for onboarding and periodic KYC review, including PEP checks, beneficial ownership verification, and risk categorization
- Drive KYC remediation activities and track closure of audit/regulatory observations within timelines
- Work with product and digital onboarding teams to implement KYC controls for new products/channels (video KYC, digital lending, co-lending, etc.)

Suspicious Activity Monitoring & Reporting

- Investigate and dispose of TMS-generated alerts; prepare STR/CTR filings to FIU-IND for review and sign-off by the VP/CCO
- Maintain documentation and audit trail for alert closures and STR rationale
- Track and flag emerging typologies (mule accounts, trade-based money laundering, digital payment fraud) to the VP for scenario updates





Regulatory & Audit Support

- Support the VP in preparing responses to RBI inspections, audits, and regulatory information requests
- Assist in preparing AML/KYC MIS and reporting packs for Audit Committee/Risk Committee submissions
- Coordinate with Internal Audit and Compliance Testing teams on periodic reviews

Team & Stakeholder Management

- Supervise a team of AML analysts/KYC officers, reviewing their alert dispositions and KYC case work
- Act as first point of escalation for operational queries from Business and Operations teams
- Support training delivery on AML/KYC obligations for junior staff and business teams

Candidate Profile

Experience

- 7–10 years of overall experience, with at least 4–5 years in AML/KYC/Financial Crime Compliance roles within a Bank, NBFC, or Payments/Fintech entity
- Hands-on experience in TMS alert investigation and STR/CTR preparation
- Some exposure to regulatory audits/inspections preferred, though not mandatory at this level

Qualifications

- Graduate/Postgraduate in Finance, Law, or related discipline; CA/CS/MBA preferred
- CAMS (Certified Anti-Money Laundering Specialist) certification preferred but not mandatory; willingness to pursue certification is a plus

Skills & Competencies

- Positive working knowledge of PMLA, RBI KYC Master Direction, and FATF standards
- Strong analytical and investigative skills for transaction pattern review
- Developing stakeholder management skills; comfortable working under senior guidance
- Working knowledge of TMS platforms (e.g., Actimize, SAS AML, Oracle FCCM) and KYC utilities
- Team supervision experience (even if informal/team-lead level) preferred

Fit & Proper Considerations

- Depending on the Bank's internal grading, this role may or may not fall under RBI's Fit and Proper criteria for senior management — to be confirmed against the Bank's specific governance framework
- Clean regulatory and disciplinary track record

📌 AVP Compliance & AML/KYC (Mumbai)
🏢 Antal International
📍 Mumbai