Compliance Officer & MLRO

TMF Group; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

TMF Group in Mumbai seeks a Compliance Officer and MLRO to lead AML/CFT, risk and governance initiatives. You will craft and enforce policies, advise senior leadership, and maintain regulatory relationships across the Indian business.

You will collaborate with HR to train staff, conduct risk assessments, and report to the Board on compliance matters, ensuring alignment with Group frameworks and local laws.

Qualifications

• Bachelor’s/Master’s degree or professional qualification in Law, Finance, Economics or related field.
• Minimum 5 years’ experience in Legal or Risk management or Compliance with a financial services provider.
• Good knowledge of AML/CFT, KYC and transaction monitoring principles.
• Ability to interact with all levels across a complex business and diverse risk types.

Responsibilities

• Promote and enhance the compliance, risk and governance culture within TMF in India.
• Act as the Compliance Officer and MLRO for the business.
• Establish and maintain relationships with regulators, auditors and relevant institutions.
• Develop and maintain AML/CFT, Compliance and Risk policies aligned with local and Group standards.
• Advise Boards and Management on AML/CFT, Compliance and Risk, escalating as needed.
• Support AML/CFT, Compliance and Risk training for staff with HR records.

Skills

AML/CFT

KYC

Risk management

Regulatory knowledge

Analytical skills

Report writing

Education

Bachelor's/Master's degree or professional qualification in Law, Finance, Economics or related field

Job description

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.

Qualification & Experience

• 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