Compliance Officer-Principal Officer

Multitude; Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Medical Coverage

Workation Programme

Financial Growth Opportunities

Hybrid & Flexible Work

Training and Development Programs

Job summary

Multitude is seeking a Deputy Money Laundering Reporting Officer (Deputy MLRO) to assist the MLRO in maintaining the Anti-Money Laundering and Counter-Financing of Terrorism framework. The role includes reviewing regulatory filings, conducting investigations, and preparing management reports.

The ideal candidate will have relevant experience in AML/compliance, strong analytical skills, and the ability to communicate effectively with regulators and stakeholders. This position offers a hybrid work model and various growth opportunities within a diverse team.

Qualifications

• Relevant years of experience in AML/compliance within a bank, NBFC, or regulated financial institution.
• Working knowledge of PMLA, RBI KYC/AML Master Direction, FIU-IND reporting, and FATF recommendations.

Responsibilities

• Assist in establishing and overseeing the institution's AML/CFT framework.
• Review and escalate Suspicious Transaction Reports (STRs) and other regulatory filings.
• Conduct investigations and maintain audit-ready case documentation.
• Supervise training programmes on AML/CFT across the organisation.

Skills

Analytical skills

Compliance knowledge

Communication skills

Education

Graduate/postgraduate in finance, law, commerce, or related discipline

Professional certifications (CAMS or equivalent)

Job description

Job Description — Deputy Money Laundering Reporting Officer (Deputy MLRO)

Role Purpose

The Deputy MLRO assists the MLRO in establishing, maintaining, and overseeing the institution's Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework in compliance with the Prevention of Money Laundering Act, 2002, RBI Master Direction on KYC, and FIU-IND/FATF requirements. The incumbent acts as the designated alternate to the MLRO and assumes full reporting authority in the MLRO's absence.

Key Responsibilities

Reporting & Regulatory Filings

• Review, validate, and escalate Suspicious Transaction Reports (STRs), Cash Transaction Reports (CTRs), Counterfeit Currency Reports (CCRs), and Cross-Border Wire Transfer Reports prior to FIU-IND submission.
• Ensure timely and accurate regulatory filings within prescribed timelines.
• Act as the point of contact for FIU-IND, RBI, and law enforcement in the MLRO's absence.

Transaction Monitoring & Investigations

• Oversee the transaction monitoring system, alert generation, and tuning of detection scenarios.
• Conduct and supervise investigations into flagged accounts, alerts, and internal escalations.
• Maintain comprehensive, audit-ready case documentation and decision rationale.

Customer Due Diligence & Screening

• Oversee CDD, Enhanced Due Diligence (EDD), and periodic KYC review processes.
• Supervise sanctions, PEP, and adverse-media screening, and adjudicate true/false-positive determinations.
• Review high-risk customer onboarding and account relationships.

Policy, Risk Assessment & Controls

• Support the design, periodic review, and testing of AML/CFT policies, procedures, and internal controls.
• Contribute to the enterprise-wide ML/TF risk assessment and risk-scoring methodology.
• Identify control gaps and drive remediation.

Governance & Stakeholder Management

• Prepare AML/CFT management information and reports for senior management, the Board, and audit committees.
• Liaise with business units, compliance, internal audit, and external auditors/regulators.
• Support regulatory inspections, audits, and thematic reviews.

Training & Awareness

• Design and deliver AML/CFT training programmes across the organisation.
• Maintain training records and assess effectiveness.

Regulatory Watch

• Monitor changes in AML/CFT laws, RBI directions, and FATF guidance.
• Translate regulatory developments into framework and process updates.

Qualifications & Experience

• Graduate/postgraduate in finance, law, commerce, or related discipline; professional certifications (CAMS, or equivalent) preferred.
• Relevant years of experience in AML/compliance within a bank, NBFC, or regulated financial institution.
• Working knowledge of PMLA, RBI KYC/AML Master Direction, FIU-IND reporting, and FATF recommendations.

Key Competencies

• Strong analytical and financial-crime risk judgement.
• Sound knowledge of transaction monitoring and screening systems.
• Integrity, discretion, and the ability to operate independently when deputising for the MLRO.
• Clear written and verbal communication with regulators and senior stakeholders.

Reporting Line

• Reports to the Money Laundering Reporting Officer (MLRO) / Head of Compliance.

We Offer

• A Truly Global Workplace – collaborate with 40+ nationalities across 25+ countries, embracing diversity, inclusion, and cross-cultural innovation
• Hybrid & Flexible Work – balance your life and career with remote-friendly policies and modern offices across Europe
• A Culture of Growth – accelerate your development with access to LinkedIn Learning, structured mentorship, and internal leadership programmes (HiPo & People Leader tracks)
• Workation Programme – work remotely from abroad for up to 2 months per year and experience new cultures while staying connected and productive
• Financial Growth Opportunities – invest in your future with our share purchase matching programme, doubling your contributions and fostering long-term rewards
• Medical Coverage – group medical insurance covering hospitalisation and essential care
• Accident Protection – personal accident insurance for peace of mind