Compliance Officer & MLRO

TMF Group; Ahmedabad District; On-site; INR 2,400,000 - 4,200,000; Full time

Job summary

TMF Group in India seeks a Compliance Officer and MLRO to strengthen AML/CFT controls and governance across the business. You will lead risk management efforts, liaise with regulators and auditors, and oversee policy development in line with local and Group requirements.

The role requires 5+ years in Legal, Risk or Compliance within financial services, with strong reporting and analytical skills. You will work closely with the MD and Group Compliance to ensure regulatory improvements are

Qualifications

• Bachelor’s or Master’s degree in Law, Finance, Economics, or related qualification.
• Minimum 5 years’ experience in Legal, Risk management or Compliance in financial services.
• Strong knowledge of AML/CFT laws and India regulations relevant to financial services.
• Knowledge of KYC, AML/CFT and transaction monitoring.
• Ability to interact with all levels of a complex business and understand its drivers; risk awareness.
• Excellent analytical and report writing skills; capable of independent work.

Responsibilities

• Promote compliance, risk and governance culture within TMF India.
• Act as Compliance Officer and MLRO for the business.
• Engage regulators, auditors and other institutions.
• Develop and maintain AML/Compliance/Risk policies aligned with local and Group requirements.
• Advise Boards on AML/CFT and risk issues; escalate as needed.
• Deliver AML/CFT, Compliance and Risk training; coordinate with HR.
• Report to Board and Group Compliance on AML/CFT and risk.
• Liaise with Group on AML/CFT, sanctions checks, risk assessments.
• Maintain Enterprise Risk Model and governance frameworks.
• Support local teams and Group to maintain certifications.

Skills

AML/CFT

Compliance

Risk management

KYC

Transaction monitoring

Governance

Analytical writing

Education

Bachelor’s/Master’s degree or Professional qualification in Law, Finance, Economics

Job description

Key Responsibilities:

• Promote and enhance the compliance, risk and governance culture within TMF in India (the business);


• Act as the Compliance Officer and MLRO (Designated Officer) for the business;


• Establish- and maintain- constructive relationships with the respective regulators, auditors and other relevant institutions;


• Produce and maintain appropriate AML/CFT, Compliance and Risk policies and procedures for the business and ensure that they are maintained in line with local regulatory requirements, as well as Group requirements and frameworks;


• Advise the Boards and Management on AML/CFT, Compliance, Risk Management issues, escalating any specific items that require special attention to the MD, Risk & Compliance Market Head and Group Compliance.


• Support the delivery of AML/CFT, Compliance and Risk training to all staff (induction training and ongoing training) working with HR to ensure appropriate training records are maintained;


• Issue regular reports to the Board and Group Compliance on AML/CFT, Compliance and Risk including information on regulatory changes; regulatory interaction; breaches, errors, omissions and complaints; progress in implementing recommendations arising from internal audits, external audits, regulatory visits and compliance monitoring activities; and items escalated to the Board , Market Head of Risk & Compliance and Group Compliance during the reporting period;


• Receive all suspicious activity reports and liaise internally and externally as appropriate;


• Liaise with Group functions, specifically in term of AML/CFT and sanctions checking, risk assessments, governance frameworks and insurance;


• Work with Group to maintain and embed within the business the Enterprise Risk Model;


• Working with the MD to maintain the legal entity governance framework for the business;


• Provide support to the local teams and Group to ensure that certifications are maintained.

Qualifications and Expertise:

• A Bachelor’s/Master's degree or a Professional qualification in Law, Finance, Economics any other relevant qualification.


• Minimum of 5 years’ experience in Legal or Risk management or Compliance with a financial Services Provider.


• Good knowledge of the Prevention of Money Laundering Act, Company Law and laws and regulations relevant to the financial services industry of India is a definite advantage,


• Good knowledge of KYC, AML/CFT and Transaction monitoring principles.


• Demonstrate ability to interact with all levels of a fascinating and highly complex business and understand its fundamental drivers, including different types of risks the business may face particularly in conflict zones


• Excellent analytical and report writing skills,


• Quick starter, spirit of team work, ability to adapt, dedicated


• Self-motivated and able to work independently and under pressure