Principal Officer (Director of Compliance )Department: Compliance

Reports To: Board of Directors

Employment Type: Full-Time

Preferred: Prior Working Experience with FIU-IND or any Govt. regulatory body.

Job SummaryThe Principal Officer for Anti-Money Laundering (AML) , Compliance and Know Your Customer (KYC) Compliance is responsible for overseeing the company’s AML ,Compliance and KYC programs to ensure compliance with all relevant laws and regulations. This role involves the development, implementation, and maintenance of policies and procedures, risk assessment, overall company compliance and reporting to senior management and regulatory bodies. The Designated Director acts as the key point of contact for regulatory authorities and internal stakeholders regarding AML/KYC matters.

Key ResponsibilitiesLeadership and Oversight

· Lead and manage the AML/KYC compliance team.

· Develop and implement the company’s AML/KYC policies and procedures.

· Ensure the AML/KYC framework is in line with current laws, regulations, and industry best practices.

Risk Assessment and Management· Conduct regular risk assessments to identify potential AML/CFT risks.

· Implement and manage risk-based approaches to AML/KYC compliance.

· Monitor and report on the effectiveness of AML/KYC controls.

Compliance Monitoring and Reporting· Oversee the monitoring and investigation of suspicious activities.

· Ensure timely and accurate reporting of suspicious transactions to relevant authorities (e.g., FIU).

· Prepare and present regular compliance reports to the senior management and board of directors.

Training and Awareness· Develop and deliver AML/KYC training programs for employees.

· Foster a culture of compliance and awareness throughout the organization.

Regulatory Liaison· Act as the primary point of contact for regulatory bodies and auditors.

· Manage and respond to regulatory inquiries and inspections.

· Keep abreast of regulatory changes and update the company’s compliance programs accordingly.

Internal Controls and Audits· Collaborate with internal audit to ensure effective internal controls are in place.

· Address audit findings and implement corrective actions promptly.

Policy Development and Review

· Regularly review and update AML/KYC policies and procedures.

· Ensure policies reflect current regulatory requirements and industry best practices.

Qualifications and ExperienceEducation: Bachelor’s degree in Finance, Business Administration, Law, or related field. Advanced degree preferred.

Certifications: CAMS (Certified Anti-Money Laundering Specialist) or equivalent certification like ICA preferred.

Experience: Minimum of 3-5 years of experience in AML/KYC compliance, with at least 3 years in compliance Managerial Role or Principal Officer.

Knowledge: In-depth knowledge of AML laws and regulations, including the Bank Secrecy Act, USA PATRIOT Act, FIU-IND , Travel Rule and FATF recommendations.

Skills:· Strong analytical and risk assessment skills.

· Conducting meeting with regulators and government bodies like (FIU-IND) to ensure compliance and regulation part.

· Build good relations with regulators and active with all the updates of company and compliance part.

· Monitoring Regulatory Changes and offering new alternative approaches

· Excellent leadership and team management capabilities.

· Effective communication and presentation skills.

· Ability to work under pressure and meet tight deadlines.

· Proficiency in compliance software and tools.

· Attention to Detail,

· Collaboration as in Ability to work effectively with various stakeholders, both internal and external.

· Primarily office-based, with some travel required for regulatory meetings and conferences.

May involve long hours during critical periods of compliance review and reporting

Principal Officer (Director of Compliance )Department: Compliance

Reports To: Board of Directors

Employment Type: Full-Time

Preferred: Prior Working Experience with FIU-IND or any Govt. regulatory body.

Job SummaryThe Principal Officer for Anti-Money Laundering (AML) , Compliance and Know Your Customer (KYC) Compliance is responsible for overseeing the company’s AML ,Compliance and KYC programs to ensure compliance with all relevant laws and regulations. This role involves the development, implementation, and maintenance of policies and procedures, risk assessment, overall company compliance and reporting to senior management and regulatory bodies. The Designated Director acts as the key point of contact for regulatory authorities and internal stakeholders regarding AML/KYC matters.

Key ResponsibilitiesLeadership and Oversight

· Lead and manage the AML/KYC compliance team.

· Develop and implement the company’s AML/KYC policies and procedures.

· Ensure the AML/KYC framework is in line with current laws, regulations, and industry best practices.

Risk Assessment and Management· Conduct regular risk assessments to identify potential AML/CFT risks.

· Implement and manage risk-based approaches to AML/KYC compliance.

· Monitor and report on the effectiveness of AML/KYC controls.

Compliance Monitoring and Reporting· Oversee the monitoring and investigation of suspicious activities.

· Ensure timely and accurate reporting of suspicious transactions to relevant authorities (e.g., FIU).

· Prepare and present regular compliance reports to the senior management and board of directors.

Training and Awareness· Develop and deliver AML/KYC training programs for employees.

· Foster a culture of compliance and awareness throughout the organization.

Regulatory Liaison· Act as the primary point of contact for regulatory bodies and auditors.

· Manage and respond to regulatory inquiries and inspections.

· Keep abreast of regulatory changes and update the company’s compliance programs accordingly.

Internal Controls and Audits· Collaborate with internal audit to ensure effective internal controls are in place.

· Address audit findings and implement corrective actions promptly.

Policy Development and Review

· Regularly review and update AML/KYC policies and procedures.

· Ensure policies reflect current regulatory requirements and industry best practices.

Qualifications and ExperienceEducation: Bachelor’s degree in Finance, Business Administration, Law, or related field. Advanced degree preferred.

Certifications: CAMS (Certified Anti-Money Laundering Specialist) or equivalent certification like ICA preferred.

Experience: Minimum of 3-5 years of experience in AML/KYC compliance, with at least 3 years in compliance Managerial Role or Principal Officer.

Knowledge: In-depth knowledge of AML laws and regulations, including the Bank Secrecy Act, USA PATRIOT Act, FIU-IND , Travel Rule and FATF recommendations.

Skills:· Strong analytical and risk assessment skills.

· Conducting meeting with regulators and government bodies like (FIU-IND) to ensure compliance and regulation part.

· Build good relations with regulators and active with all the updates of company and compliance part.

· Monitoring Regulatory Changes and offering new alternative approaches

· Excellent leadership and team management capabilities.

· Effective communication and presentation skills.

· Ability to work under pressure and meet tight deadlines.

· Proficiency in compliance software and tools.

· Attention to Detail,

· Collaboration as in Ability to work effectively with various stakeholders, both internal and external.

· Primarily office-based, with some travel required for regulatory meetings and conferences.

May involve long hours during critical periods of compliance review and reporting