Compliance Officer

Company description :

Bharat FinOps IFSC Pvt. Ptd. is an aspiring global financial services firm with presence in the Gift City in Gujarat, India. The entity is able to leverage the expertise of Policies, Brand, Expertise and Clientele from other related on-going financial services entities head-quartered in Singapore. We facilitate the opening of bank accounts, enable their ongoing management, and ensure their reliable, secure, and efficient cross-border fund flows. We achieve this through an extensive network of global partner banks, a robust in-house open banking platform, and our competent team that delivers knowledgeable private banking experience of pro-active, high quality customer service – across time zones.

We are looking for an experienced and enterprising Compliance Officer (Principal Officer) to join an international team of experts in banking, compliance, and corporate account management to drive our growing operations.

Job description and responsibilities :

Carrying out ongoing monitoring of business relations for compliance with the regulatory requirements and company’s policies, procedures and processes

Taking overall charge of all AML / CFT matters within the organization

Informing employees, officers and representatives promptly of regulatory changes

Ensuring a speedy and appropriate reaction to any matter in which ML / TF is suspected

Reporting of suspicious transactions to FIU-IND

Advising and training employees, officers and representatives on developing and implementing internal policies, procedures and controls on Compliance, including AML / CFT

Reporting to Senior Management on the outcome of reviews of the company’s compliance with the regulatory requirements and company’s policies and procedures Guidelines

Reporting regularly on key AML / CFT risk management and control issues, and any necessary remedial actions, arising from audit, inspection and compliance reviews to the Senior Management

Conduct client onboarding and ongoing due diligence, together with the Client Success Management team, including name screening and transactions monitoring, in compliance with the Company procedures and regulatory requirements

Preparing the internal and regulatory reports in a timely and accurate manner

Conducting periodic Business and AML / CTF Risk Assessment

Review and amend regularly Compliance policies, procedures, manual and working instructions

Provide advice to the Client Success Management team regarding transactions documentation and clients’ ongoing monitoring

Support the implementation and maintenance of Compliance systems

Assist the Chief Risk Officer and business management in preparing documentation for new business licenses when applicable

Conduct look-back and remediation activities when required

Assist the Chief Risk Officer in preparing the documentation for various audits and regulatory inspections info.india@brucbond.com

Prepare the training materials and deliver the regular Compliance trainings, including AML / CTF training

Maintain the Compliance documents and records in line with the Company standards and procedures.

Requirements for performing the role effectively :

English proficiency (written and verbal)

Solid technical understanding of financial regulations affecting AML / CTF, including KYC, transactions monitoring, and sanctions screening process

Excellent knowledge of RBI and India FIU regulations is a must

Evidence of robust & effective regulatory communication & reporting experience

Excellent organizational and communication skills

Ability to work independently and manage projects with an organization-wide perspective

High level of accuracy and attention to detail

Proficiency in MS Office and other editing tools with ease of adaptation to other emerging digital technologies with demonstrated ability to create thoughtful presentations

Degree qualified, with minimum 7 years relevant work experience in AML / CTF roles, including as Principal Officer, in financial services or payments industry, mainly in corporate clients environment

Professional Certification(s) in the area of Compliance or AML / CTF and / or Financial Services Risk Management

Ability to engage internal and external stakeholders and advise and make recommendations on regulatory company policies

The Role offers :

Opportunity for professional and personal development

Opportunity to work in globally diverse work environment and markets

Location : Gandhinagar, India

Position type : Full-time

Start date : Ideally Immediate

Local and international trips may be required