Compliance Officer

Xotik Travel And Forex; Jaipur; On-site; INR 600,000 - 900,000; Full time

Job summary

Xotik Travel And Forex in Jaipur seeks a Compliance Officer (AD-II) to ensure strict adherence to RBI, FIU-IND, FEMA guidelines and uphold ethical business practices across all branches.

You will implement AML/KYC programs, perform due diligence on customers, oversee internal audits, and drive policy deployment, training, and regulatory reporting to authorities.

The role requires proactive risk management and coordination with Operations, Risk, and external regulators to strengthen controls.

Qualifications

• Knowledge of RBI, FIU-IND, FEMA guidelines and related regulations.
• Experience in AML/KYC program design and implementation.
• Experience conducting internal audits and maintaining audit trails.
• Ability to develop and implement compliance policies and training.
• Experience in regulatory reporting and liaison with regulators.

Responsibilities

• Ensure strict adherence to RBI, FIU-IND, FEMA and other guidelines.
• Implement and monitor AML/KYC controls and due diligence.
• Conduct periodic compliance audits and monitor findings.
• Develop internal compliance policies (AML/KYC, Risk, HR) and train staff.
• Prepare and submit compliance reports to regulators in a timely manner.
• Identify and mitigate compliance risks in forex and remittance activities.
• Coordinate with Operations, Risk, and Sales on new product launches and regulatory changes.

Skills

Regulatory Compliance

AML/KYC Compliance

Internal Audits

Policy Implementation

Reporting & Coordination

Risk & Fraud Management

Coordination with Other Departments

Job description

Key Responsibility Areas (KRA):

The Compliance Officer in an AD-II company plays a critical role in ensuring adherence to regulatory guidelines, minimizing financial risks, and maintaining ethical business practices.

1. Regulatory Compliance:

• Ensure strict adherence to RBI, FIU-IND, FEMA, and other regulatory bodies guidelines.
• Stay updated with changes in regulations and implement necessary policy modifications.
• Ensure timely filing of statutory reports (e.g., CTR, STR, NTR, FMR reports to FIU-India).
• Act as the primary liaison between the company and RBI, FIU-IND, and other government bodies.

2. AML/KYC Compliance:

• Implement and monitor Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines.
• Ensure that all customers are onboarded after thorough due diligence and verification as per RBI norms.
• Conduct risk profiling of customers and ensure transactions are within regulatory limits.
• Report Suspicious Transactions (STR) and Currency Transaction Reports (CTR) to FIU-India.

3. Internal Audits & Monitoring:

• Conduct periodic internal compliance audits to assess branch-level and company-wide adherence to regulations.
• Identify and elevate compliance breaches with necessary corrective action plans.
• Oversee foreign exchange transactions to ensure adherence to FEMA and RBI guidelines.
• Maintain detailed documentation of compliance checks and audit findings.

4. Policy Implementation & Training:

• Develop and implement internal compliance policies (AML/KYC, Risk Management, POSH, HR policies, etc.).
• Conduct regular training sessions for employees on compliance policies and regulatory updates.
• Ensure that compliance awareness is maintained across all branches and departments.

5. Reporting & Coordination:

• Ensure timely submission of all compliance-related reports to RBI, FIU-India, and other regulators.
• Address queries raised by regulatory bodies and coordinate during inspections or audits.
• Maintain a robust MIS system for tracking compliance-related data and reporting discrepancies.

6. Risk & Fraud Management:

• Identify, assess, and mitigate compliance risks related to forex, remittances, and other AD-II activities.
• Investigate and report fraudulent transactions and policy violations.
• Work closely with the Risk & Credit Control team to strengthen internal controls.

7. Coordination with Other Departments:

• Work in tandem with the Operations, Sales, and Risk Management teams to ensure compliance is maintained.
• Provide compliance-related inputs during new product launches, branch expansions, or regulatory changes.
• Coordinate with external auditors and regulatory bodies for inspections and compliance verifications.