Senior Compliance Manager - IBU

IDFC FIRST Bank · India

Job Requirements

About the Role

The Senior Compliance Manager - IBU will primarily focus on Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance at GIFT City IBU. This role supports the Compliance and Principal Officer (CO & PO) of IBU in ensuring adherence to regulatory guidelines and managing AML/KYC compliance risks.

Key Responsibilities

Primary Responsibilities

• Monitor and investigate AML transaction alerts, identify suspicious activities, and coordinate timely disposition with stakeholders.
• Prepare, validate, and support regulatory submissions including STR, CTR, and other AML/CFT reporting requirements.
• Manage Customer Risk Rating (CRR) processes, including customer risk assessments, risk categorization and trigger-based reviews.
• Ensure compliance with KYC, CDD, EDD, and periodic Re-KYC requirements in line with IFSCA regulations and internal policies.
• Perform periodic AML/CFT compliance reviews and monitor adherence to regulatory and internal control frameworks.
• Support enhancement of AML systems, transaction monitoring scenarios, thresholds, and risk-based controls to strengthen financial crime risk management.
• Coordinate with regulators, auditors, and internal stakeholders during inspections, audits, and remediation of compliance observations.
• Partner with Business, Operations, Risk, Technology, and Product teams to provide AML/KYC compliance advisory and support.
• Track regulatory developments, update AML/KYC policies and procedures, and promote compliance awareness through training initiatives.

Secondary Responsibilities

• Interact with the IFSCA Authority as required.
• Assist CO in formulating and periodically reviewing Policies, Product Notes, SOPs, and SLAs related to IBU.
• Support CO in delegated activities.
• Coordinate with HO Compliance Contact and CO for IBU-related activities, including data preparation for return submissions and ad-hoc regulatory requests.
• Undertake delegated activities in the absence of CO and PO.
• Perform other compliance activities as assigned by the governing body.

What We Are Looking For

Education

• Graduation: Bachelor of Science (B.Sc.), Bachelor of Technology (B.Tech), Bachelor of Computer Applications (BCA), Bachelor of Commerce (B.Com), or Bachelor of Business Administration (BBA).
• Post-graduation: MBA or PGDM.

Experience

• 3 years of relevant experience in compliance, particularly in AML and KYC.

Skills and Attributes

• Strong understanding of AML/CFT regulations and compliance frameworks.
• Ability to interpret and implement regulatory guidelines.
• Effective communication skills for interaction with regulators and internal stakeholders.
• Analytical skills to monitor and assess compliance risks.
• Proficiency in preparing regulatory reports and documentation.
• Adaptability to work in a dynamic regulatory environment.