Principal Officer

Mudrex Inc.; Bengaluru; On-site; INR 13,00,000 - 20,00,000; Full time

Job summary

A leading financial technology firm in Bengaluru is seeking a Principal Officer to oversee anti-money laundering and compliance programs. The ideal candidate will have over 8 years of experience in compliance roles, particularly related to AML regulations, and will collaborate with various stakeholders to ensure adherence to regulatory requirements. Strong communication and problem-solving skills are essential for this role.

Qualifications

• 8+ years of experience in a legal or compliance role with knowledge of relevant rules and regulations.
• Experience in anti-money laundering (AML) regulations.
• Proven track record of developing AML and compliance programs.

Responsibilities

• Develop and implement AML and compliance programs.
• Manage communication with regulatory agencies.
• Conduct risk assessments and audits.

Skills

Knowledge of AML regulations

Excellent communication skills

Problem-solving skills

Project management

Education

Bachelor's or Master's degree in Law, Finance, or related field

Job description

About Mudrex

Mudrex is India’s largest crypto investing platform. We are growing rapidly - today, the Mudrex users are 2 million strong and counting. And to sustain and support this rapid growth, we are looking to grow our team. The folks at Mudrex are mission driven to a single purpose - to help bring the world closer to financial independence through cryptocurrency.

Job Description

We are seeking a skilled and experienced Principal Officer. The ideal candidate will play a critical role in overseeing and managing Mudrex's anti-money laundering and compliance programs, ensuring adherence to regulatory requirements of FIU India. The PO will collaborate with cross-functional teams, external stakeholders, and regulators to uphold a robust compliance framework and mitigate potential financial risks.

Responsibilities

• Develop and implement comprehensive anti-money laundering (AML) and compliance programs that align with regulatory requirements and best practices as required under PMLA, Act, 2002.
• Serve as the primary point of contact for regulatory agencies and external auditors in the India, ensuring timely and accurate communication and reporting on compliance-related issues.
• Monitor changes in AML and compliance regulations, and provide guidance and recommendations to the executive team to ensure compliance with regulatory obligations.
• Conduct regular risk assessments and audits to identify potential areas of non-compliance, and implement corrective measures and controls to mitigate financial risks effectively.
• Provide training and guidance to employees on AML and compliance matters, fostering a culture of awareness and accountability throughout the organization.
• Assist with the creation, maintenance, and review of policies, procedures, and controls to identify, prevent, mitigate, and manage regulatory risk.
• Update investment and disclosure documentation in line with regulatory, legislative, and business changes.
• Preparation of board and compliance reports.
• Maintain PMLA records. Assist with regulator correspondence and reporting for the FIU India.
• Lead conversations with regulators and ensure compliance to all licenses (for payment services and digital assets).
• Investigate breaches and incidents and ensure timely resolution and improvement to control environment.
• Manage the complaint handling process, in particular, escalated complaints.
• Manage relationships with key internal and external parties and promote a positive compliance culture.
• Identify and partner with the appropriate partners and tools needed for compliance - help get them onboarded and initiated.
• Perform enterprise-wide risk assessments.
• Conduct compliance testing and report the results to Management.
• Acting as the contact point with local regulator, manage the communication properly and escalated when needed.
• Manage the requests from internal and external stakeholders, for instance regulator, payment services provider, etc.
• Review of the alerts and preparation of STRs, reporting of STRs.
• Timely and effective responses to the FIU India.

Preferred Qualifications

• 8+ years’ relevant experience in a legal or compliance role with a substantial knowledge of relevant rules and regulations and the day-to-day compliance affairs.
• Bachelor's or Master's degree in Law, Finance, or a related field. A relevant compliance certification is a plus.
• Experience in a compliance role with a focus on anti-money laundering (AML) regulations and global compliance requirements across various jurisdictions.
• Proven experience in developing and implementing AML and compliance programs in a complex regulatory environment, within the financial services industry.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders.
• A proactive attitude, a strong work ethic, and the ability to thrive in a fast-paced and dynamic work environment.

You should apply if

• You are an autonomous, critical thinker with razor-sharp problem-solving skills.
• You are passionate about what you do.
• You are exceptional at time management and have a proven track record of being able to work efficiently with minimum supervision.
• You demonstrate ownership traits.