JOB DESCRIPTION – HEAD, KYC/AML DEPARTMENT
Key Responsibilities
- Oversee and manage the Bank-wide KYC/AML function across all branches and departments.
- Ensure compliance with RBI Master Directions on KYC, Prevention of Money Laundering Act (PMLA), and other applicable regulatory guidelines.
- Formulate, implement, review, and update KYC/AML policies, procedures, and internal controls.
- Supervise customer onboarding, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and periodic KYC updation processes.
- Monitor customer risk categorization and ensure adherence to risk-based KYC procedures.
- Oversee transaction monitoring activities and identify suspicious transactions requiring regulatory reporting.
- Ensure timely submission of regulatory reports and compliance-related returns to concerned authorities.
- Coordinate with regulators, auditors, law enforcement agencies, and other stakeholders on KYC/AML-related matters.
- Conduct periodic reviews and assessments of the Bank's AML framework and recommend improvements.
- Identify compliance gaps and implement corrective and preventive measures.
- Provide guidance and operational support to branches and departments on KYC/AML compliance issues.
- Develop and conduct KYC/AML awareness and training programs for employees.
- Prepare MIS reports, compliance dashboards, and presentations for Senior Management and the Board.
- Monitor changes in regulatory requirements and ensure timely implementation across the Bank.
- Lead, supervise, and mentor the KYC/AML Department to achieve regulatory and operational objectives.
Qualification
- Graduate in any discipline from a recognized university.
- Preference will be given to candidates possessing CAIIB or professional qualifications in Banking, Finance, Credit, Compliance, or Risk Management.
Experience
- Minimum 3–5 years of experience in KYC/AML, Compliance, Risk Management, Audit, or Regulatory Functions in a Scheduled Commercial Bank, Public Sector Bank, Private Sector Bank, or Urban Co-operative Bank.
- Experience in handling Bank-wide KYC/AML operations and regulatory compliance is mandatory.
Age
- Maximum 45 years as on the date of application.
Desired Competencies
- Strong understanding of KYC/AML regulations and compliance requirements.
- Leadership and team management skills.
- Analytical and problem-solving abilities.
- Excellent communication and stakeholder management skills.
- Ability to work effectively with regulators, auditors, and senior management.
- High degree of integrity, professionalism, and attention to detail.
Work Location: In person
