Risk Ownership & Categorization
Own end?to?end risk assessment for assigned scope- Ensure accurate customer/merchant risk categorization (Low / Medium / High)
- Review and approve high?risk cases and escalations
- Assess risks related to new products, partnerships, and business models
STR / SAR Identification & Reporting
Identify suspicious activities requiring STR/SAR filing- Review and approve STR narratives prepared by team members
- Ensure timely filing of STRs with FIU?IND within regulatory timelines
- Maintain complete documentation and audit trail for STR decisions
Governance & Policy Management
Implement AML and enterprise risk governance policies- Ensure adherence to RBI, PMLA, and applicable regulatory guidelines
- Review and update SOPs, control frameworks, and risk assessment methodologies
- Provide inputs to governance forums and risk committees
Regulatory & Audit Readiness
Support internal audits, external audits, and regulatory inspections- Respond to regulatory queries and risk?related clarifications
- Track and ensure timely closure of audit and compliance observations
- Maintain documentation in line with regulatory standards
Reporting & MIS
Prepare and review periodic risk MIS and dashboards- Track trends related to high?risk categories, STRs, and KRIs
- Provide insights and recommendations to senior management
Stakeholder & Business Engagement
Partner with business, operations, and compliance teams- Provide clear and reasoned risk opinions to support decision?making
- Balance regulatory compliance with business objectives
Process Improvement & Maturity
Identify process gaps, inefficiencies, and recurring risk themes- Recommend automation, rule enhancements, and control improvements
- Support UAT and implementation of risk and AML system changes
