Lead - AML Transaction Monitoring - NBFC

Reports To: Head - Central Compliance/ CCO

The Role with the help of a team would transaction monitoring and subsequent reporting guarding company against the risk of non compliance relating to the KYC/ AML and PMLA guidelines.

1. Review and maintain KYC / AML policy and procedure

2. To guide, facilitate and support business and operations and product teams in implementation of KYC / AML guidelines in their respective areas

3. To identify automation opportunities to improve operational efficiency within the AML Unit

4. To interact with various external regulators like RBI, FIU-IND, IBA on matters relating to AML policy and implementation in the bank

5. Handling queries received from RBI on KYC / AML issues.

6. Articulate the Regulatory Compliance and Financial Crime risks for Mahindra Finance

7. Perform responsibilities like monitoring and reporting of all transactions and sharing of information as required under the law.

8. Manage and foster a strong relationship with all relevant regulators in relation to the activities of Mahindra Finance and ensure timely disclosure of relevant information, in relation to financial crime, and regulatory compliance related matters.

9. To attend various forums or working committee meetings conducted by external bodies on the implementation of AML policies.

10. To assist any other units in any investigation process related to any customer / account
initiated by external regulators or internal audit

11. Identification of Training Needs of BU particularly on KYC/ AML and ensure the modules are updated and new training initiatives are disseminated.

12. Training to be conducted through innovative training methods for understanding and absorption.