Pay10 - Head - Compliance & Money Laundering Reporting Officer

Head - Compliance & Money Laundering Reporting Officer (MLRO)

• Regulatory Compliance (RBI & Other Authorities).
• Develop, implement, and maintain compliance programs in line with RBI regulations for PA, cross-border PA, and PPI license holders.
• Act as the primary point of contact with RBI and FIU-IND for compliance, AML / CFT reporting, and regulatory inspections.
• Monitor and interpret regulatory developments; advise management and business units on compliance obligations.
• Ensure timely submission of regulatory returns, reports, and notifications to RBI and other authorities.
• Oversee compliance with Payment and Settlement Systems Act, Prevention of Money Laundering Act (PMLA), FEMA, and other relevant statutes.
• AML / CFT Framework.
• Serve as the designated Money Laundering Reporting Officer (MLRO) for Pay10 India.
• Establish and oversee AML / CFT policies, procedures, and systems, including risk-based KYC, CDD, EDD, and transaction monitoring.
• Ensure timely reporting of STRs (Suspicious Transaction Reports) and CTRs (Cash Transaction Reports) to FIU-IND.
• Conduct AML / CFT risk assessments and ensure controls are effective across business lines.
• Maintain and update sanctions screening processes (OFAC, UN, EU, domestic lists) for all customers and transactions.
• Governance & Oversight - Design and implement the compliance governance structure, including board-level reporting and risk committee presentations.
• Ensure compliance training programs for employees and agents are designed, rolled out, and tracked.
• Regularly review policies on data protection, consumer protection, outsourcing, grievance redressal, and fraud risk management as per RBI mandates.
• Lead compliance audits, reviews, and gap assessments, ensuring remediation of findings.
• Oversee vendor / partner due diligence from a compliance perspective, especially for cross-border arrangements.
• Strategic Business Partnership.Partner with business, operations, technology, and product teams to embed compliance and AML / CFT controls in processes.
• Support cross-border product launches and PPI innovations with compliance guidance.
• Anticipate regulatory expectations and proactively build systems that are regulator-ready.

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(ref : iimjobs.com)