Compliance Officer

Company description:

Bharat FinOps IFSC Pvt. Ptd. is an aspiring global financial services firm with presence in the Gift City in Gujarat, India. The entity is able to leverage the expertise of Policies, Brand, Expertise and Clientele from other related on-going financial services entities head-quartered in Singapore. We facilitate the opening of bank accounts, enable their ongoing management, and ensure their reliable, secure, and efficient cross-border fund flows. We achieve this through an extensive network of global partner banks, a robust in-house open banking platform, and our competent team that delivers knowledgeable private banking experience of pro-active, high quality customer service – across time zones.

We are looking for an experienced and enterprising Compliance Officer (Principal Officer) to join an international team of experts in banking, compliance, and corporate account management to drive our growing operations.

Job description and responsibilities:

• Carrying out ongoing monitoring of business relations for compliance with the regulatory requirements and company's policies, procedures and processes
• Taking overall charge of all AML/CFT matters within the organization
• Informing employees, officers and representatives promptly of regulatory changes
• Ensuring a speedy and appropriate reaction to any matter in which ML/TF is suspected
• Reporting of suspicious transactions to FIU-IND
• Advising and training employees, officers and representatives on developing and implementing internal policies, procedures and controls on Compliance, including AML/CFT
• Reporting to Senior Management on the outcome of reviews of the company's compliance with the regulatory requirements and company's policies and procedures Guidelines
• Reporting regularly on key AML/CFT risk management and control issues, and any necessary remedial actions, arising from audit, inspection and compliance reviews to the Senior Management
• Conduct client onboarding and ongoing due diligence, together with the Client Success Management team, including name screening and transactions monitoring, in compliance with the Company procedures and regulatory requirements
• Preparing the internal and regulatory reports in a timely and accurate manner
• Conducting periodic Business and AML/CTF Risk Assessment
• Review and amend regularly Compliance policies, procedures, manual and working instructions
• Provide advice to the Client Success Management team regarding transactions documentation and clients' ongoing monitoring
• Support the implementation and maintenance of Compliance systems
• Assist the Chief Risk Officer and business management in preparing documentation for new business licenses when applicable
• Conduct look-back and remediation activities when required
• Assist the Chief Risk Officer in preparing the documentation for various audits and regulatory inspections
• Prepare the training materials and deliver the regular Compliance trainings, including AML/CTF training
• Maintain the Compliance documents and records in line with the Company standards and procedures.

Requirements for performing the role effectively:

• English proficiency (written and verbal)
• Solid technical understanding of financial regulations affecting AML/CTF, including KYC, transactions monitoring, and sanctions screening process
• Excellent knowledge of RBI and India FIU regulations is a must
• Evidence of robust & effective regulatory communication & reporting experience
• Excellent organizational and communication skills
• Ability to work independently and manage projects with an organization-wide perspective
• High level of accuracy and attention to detail
• Proficiency in MS Office and other editing tools with ease of adaptation to other emerging digital technologies with demonstrated ability to create thoughtful presentations
• Degree qualified, with minimum 7 years relevant work experience in AML/CTF roles, including as Principal Officer, in financial services or payments industry, mainly in corporate clients environment
• Professional Certification(s) in the area of Compliance or AML/CTF and/or Financial Services Risk Management
• Ability to engage internal and external stakeholders and advise and make recommendations on regulatory company policies

The Role offers:

• Opportunity for professional and personal development
• Opportunity to work in globally diverse work environment and markets
• Location: Gandhinagar, India
• Position type: Full-time
• Start date: Ideally Immediate
• Local and international trips may be required