Head- Anti Money Laundering

Indypay Technologies; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Indypay Technologies seeks a seasoned Head of AML & Compliance to lead the design and execution of the bank’s AML/CFT framework in Mumbai. You will align RBI KYC directives with FIU-IND reporting, shape risk categorisation, and refine monitoring models while building capabilities across the organization.

The role requires 15+ years in AML/CFT, with a background at PSB/large private banks and strong leadership and regulatory drafting skills.

Qualifications

• 15+ years of core AML/CFT and compliance experience in banking or regulatory enforcement.
• Deep knowledge of RBI KYC Master Directions, PMLA, FIU-IND guidelines.
• Proven leadership in large-scale AML operations and regulatory inspections.

Responsibilities

• Design and oversee CRC model, KYC periodicity, and ODD processes.
• Calibrate transaction monitoring scenarios; minimize false positives while maintaining rigor.
• Draft SOPs for central AML Monitoring Unit and train staff on regulatory shifts.
• Oversee FIU-IND submissions (STRs, CTRs, NTRs) and liaise during RBI inspections.

Skills

Regulatory leadership

KYC & RBI Master Direction

AML/CFT knowledge

Leadership & policy drafting

AML analytics

Education

Graduation (Mandatory)

CAIIB

CAMS (preferred)

Tools

TMS

CBS integration

Job description

Job Description: Head AML &
Compliance
Job Title: Head Anti-Money Laundering (AML) & Compliance
Experience Level: 15+ Years
Location:Mumbai
Target Candidate Background: Ex-DGM / GM Level AML Head from a Public Sector Bank
(PSB) or Large Private Bank, or Ex-FIU-IND Officer

Position Overview

We are seeking a highly experienced compliance leader to head our Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT) framework. The incumbent will be responsible for aligning our institutional AML architecture with the RBI Master Direction Know Your Customer (KYC) Direction and FIU-IND reporting obligations. The role involves driving customer risk categorization, fine-tuning transaction monitoring models, establishing Standard Operating Procedures (SOPs), and training the AML monitoring unit.

Key Responsibilities

• 1. Customer Risk Categorisation & Re-KYC Framework
  Design, implement, and periodically review the Dynamic Customer Risk
  Categorisation (CRC) model based on customer profiles, products, geographies, and
  transaction behavior.
  Define and enforce Re-KYC periodicity rules (High, Medium, Low risk) in strict
  compliance with the RBI KYC Master Direction.
  Establish automated systems and operational triggers for risk escalation and ongoing
  due diligence (ODD).
• 2. Transaction Monitoring & Alert Optimisation
  Review, calibrate, and enhance transaction monitoring scenarios across all banking
  products and customer segments.
  Establish robust methodologies to identify, document, and minimize false positives
  without diluting compliance rigor.
  Define quantifiable alert thresholds, typology rules, and red-flag indicators for Suspicious
  Transaction Reporting (STR), Cash Transaction Reporting (CTR), and foreign
  exchange/trade-based transactions.
• 3. Operational Management & Capability Building
  
  • Draft comprehensive Standard Operating Procedures (SOPs) for the central AML Monitoring Unit, defining clear workflows for alert triage, investigation, escalation, and reporting.
  • Design and execute structured training modules for staff within the AML monitoring unit as well as broader business teams on regulatory shifts, red flags, and FIU-IND filing requirements.
  • Maintain direct oversight over regulatory submissions to FIU-IND (STRs, CTRs, NTRs, CBWTIRs) and serve as a primary liaison point during RBI inspections and audits.

Candidate Eligibility & Requirements

Work Experience
15+ years of core AML/CFT and compliance experience in
banking or regulatory enforcement.

Preferred Profile

Ex-DGM / GM level AML Head from a PSB or large Private
Sector Bank, OR an Ex-FIU-IND Officer with extensive
experience in financial intelligence and regulatory enforcement.

Regulatory Expertise

Deep working knowledge of RBI KYC Master Directions,
PMLA (Prevention of Money Laundering Act), PML Rules, and
FIU-IND operational guidelines.

Education & Certification

Graduation (Mandatory)
CAIIB (Certified Associate of Indian Institute of Bankers)
preferred

Professional AML certifications (e.g., CAMS) are an added advantage

Key Competencies & Leadership Attributes

Proven track record in handling large-scale AML operations and regulatory inspections.
Deep technical understanding of transaction monitoring systems (TMS), core banking
solution (CBS) integration, and AML analytics.
Strong leadership, analytical, and writing skills to draft institutional policies and lead
regulatory reporting.