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Your role

Are you an expert in assessing value and risk? Do you love to give advice, as well as educate?

We’re looking for a MLRO to:

• fulfil obligations and duties as Principal Officer / MLRO as defined under PMLA rules and applicable regulatory guidelines for Bank branch in India.
• act as FCP Lead for India and exercise governance and oversight on KYC/AML Framework to deliver FCP agenda.
• track and disseminate the regulatory changes. Related advisory and bring out key impact areas and socialized with first line stakeholders.
• undertake periodic risk assessments to identify risks associated with products & services, complex transactions, clients, and geographies.
• analyze new business / product proposals keeping in mind financial crime associated risks.
• supporting India CCO during regulatory reviews/inspections on FCP areas.
• review and supervise inquiries received from law enforcement authorities.
• formulating and periodic update to KYC/AML and associated Financial Crime related India policies.
• socialize policy requirements and undertake trainings on new developing areas for stakeholders.
• suspicious Transaction Report filing and required analysis / post mortem exercise.
• act as feedback provided on Reputational risk escalation cases.
• undertake enhance due diligence and provide feedback on such cases referred to FCP.
• partner with regional / global teams on project implementations having change impact to India franchise.
• performing compliance reviews on reporting obligations under FIU India.

Your team

Financial Crime Prevention (FCP) is a compliance and risk management function responsible for the ongoing monitoring and oversight of the Financial Crime framework in India across Credit Suisse and UBS onshore licensed entities. It includes the provision of advisory support to business areas and ensuring adherence to regulatory requirements and policy standards. The FCP function, as a second line of defense, poses credible challenge to the business controls framework, pursuant to applicable financial crime risks.

The FCP India has oversight and coverage over Global Wealth Management (GWM), Global Banking (GB) divisions across multiple Credit Suisse and UBS onshore licensed entities by RBI and SEBI in India.

The role is also designated as ‘Principal Officer/MLRO’ as mandated under Prevention of Money Launder Act (AML Law of India) for UBS Group, Bank branch in India..

Your expertise

• candidate is expected to have background and experience of Financial Crime Prevention related statutory and regulatory requirements such as PMLA, Regulatory guidelines around KYC/AML (RBI&SEBI), Sanctions, Anti Bribery and Corruption.
• knowledge of statutory and regulatory reporting obligations e.g. FIU India, RBI, SEBI relating to KYC / AML area.
• understanding and fair knowledge of product licenses / features under RBI and SEBI regulations (e.g. Banking products, Investment Bank, Portfolio Management, Broker Dealer & Mer-chant Bank etc.).
• experience to interact with regulators and handling inspections.
• prior experience as MLRO/Head of FCP preferred.

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About us

UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..

We have a presence in all major financial centers in more than 50 countries.

Join us

At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?

Contact Details

UBS Business Solutions SA

UBS Recruiting

Disclaimer / Policy Statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Head of FCP India | UBS - Experienced professionals - job boards