: Head AML &

Compliance

Job Title: Head Anti-Money Laundering (AML) & Compliance

Experience Level: 15+ Years

Location:Mumbai

Target Candidate Background: Ex-DGM / GM Level AML Head from a Public Sector Bank

(PSB) or Large Private Bank, or Ex-FIU-IND Officer

Position Overview

We are seeking a highly experienced compliance leader to head our Anti-Money Laundering

(AML) & Counter Financing of Terrorism (CFT) framework. The incumbent will be responsible for aligning our institutional AML architecture with the RBI Master Direction Know Your

Customer (KYC) Direction and FIU-IND reporting obligations. The role involves driving customer risk categorization, fine-tuning transaction monitoring models, establishing Standard

Operating Procedures (SOPs), and training the AML monitoring unit.

Key Responsibilities

1. Customer Risk Categorisation & Re-KYC Framework Design, implement, and periodically review the Dynamic Customer Risk

Categorisation (CRC) model based on customer profiles, products, geographies, and transaction behavior.

Define and enforce Re-KYC periodicity rules (High, Medium, Low risk) in strict compliance with the RBI KYC Master Direction.

Establish automated systems and operational triggers for risk escalation and ongoing due diligence (ODD).

2. Transaction Monitoring & Alert Optimisation Review, calibrate, and enhance transaction monitoring scenarios across all banking products and customer segments.

Establish robust methodologies to identify, document, and minimize false positives without diluting compliance rigor.

Define quantifiable alert thresholds, typology rules, and red-flag indicators for Suspicious

Transaction Reporting (STR), Cash Transaction Reporting (CTR),



and foreign exchange/trade-based transactions.

3. Operational Management & Capability Building

Draft comprehensive Standard Operating Procedures (SOPs) for the central AML Monitoring Unit, defining clear workflows for alert triage, investigation, escalation, and reporting.

Design and execute structured training modules for staff within the AML monitoring unit as well as broader business teams on regulatory shifts, red flags, and FIU-IND filing requirements.

Maintain direct oversight over regulatory submissions to FIU-IND (STRs, CTRs, NTRs,

CBWTIRs) and serve as a primary liaison point during RBI inspections and audits.

Candidate Eligibility & Requirements

Category

Requirement

Work Experience

15+ years of core AML/CFT and compliance experience in banking or regulatory enforcement.

Preferred Profile

Ex-DGM / GM level AML Head from a PSB or large Private

Sector Bank, OR an Ex-FIU-IND Officer with extensive experience in financial intelligence and regulatory enforcement.

Regulatory

Expertise

Deep working knowledge of RBI KYC Master Directions,

PMLA (Prevention of Money Laundering Act), PML Rules, and

FIU-IND operational guidelines.

Education &

Certification

Graduation (Mandatory)

CAIIB (Certified Associate of Indian Institute of Bankers)

preferred

Professional AML certifications (e.g., CAMS) are an added advantage

Key Competencies & Leadership Attributes

Proven track record in handling large-scale AML operations and regulatory inspections.

Deep technical understanding of transaction monitoring systems (TMS), core banking solution (CBS) integration, and AML analytics.

Robust leadership, analytical, and writing skills to draft institutional policies and lead regulatory reporting.

📌 Head- Anti Money Laundering (Mumbai)
🏢 Indypay Technologies
📍 Mumbai