We are hiring Head, Forex Compliance at Muthoot Fincorp
Muthoot Fincorp is an RBI Authorized Dealer Category II license holder, with [number] branches across India. We are now building our forex business: outbound remittances, money changing, travel cards and trade remittance.
Forex is a business where one lapse can put a license at risk. So, we are creating a role that does only one thing: own forex compliance, fully and independently, as we scale across our branch network and digital channels.
What you will do
- Own RBI engagement, inspections and ongoing license conditions
- Build and run the FEMA, LRS, KYC and AML framework
- Own regulatory returns, sanctions screening and transaction monitoring
- Set compliance requirements for our forex platform and sign off before go live
- Oversee branches and partners, and report to the Board Audit Committee
Who we are looking for
- CA, CS, Law or MBA (Finance)
- 12 plus years in financial services, with 6 plus years in forex compliance at an AD Category I bank or AD Category II entity
- Deep knowledge of FEMA, PMLA and RBI directions
- The integrity to say no, even to senior leaders
This is a full time, exclusive role with no business targets and the authority to stop a transaction on compliance grounds.