Our client, a global consulting firm is partnering with a leading Indian bank with a large retail and government business franchise is running a programme to transform how it manages operations and compliance. As part of this, they are strengthening its anti-money laundering framework to meet regulatory expectations more rigorously and to make monitoring sharper and more efficient.

They are looking for a senior AML practitioner to shape its customer risk and transaction monitoring approach. You will help the bank move to a dynamic, risk-based KYC model and set up a well-run AML monitoring unit. Your work will directly affect the bank’s regulatory standing and how efficiently it operates.

Key Responsibilities

• Design a dynamic customer risk categorisation model aligned with the RBI KYC Master Direction.
• Define re-KYC periodicity rules for each risk category.
• Review existing transaction monitoring scenarios, calibrate thresholds, and define and document how false positives are treated.
• Write the standard operating procedure for the Bank’s AML monitoring unit.
• Train monitoring unit staff and work with compliance, operations and technology teams to put the new framework in place.

Your Background

• 15+ years of experience in AML, KYC or compliance, ideally as a former DGM/GM-level AML head at a public sector bank or large private bank, or as a former FIU-IND officer.
• Deep working knowledge of the RBI KYC Master Direction, PMLA requirements and FIU-IND reporting.
• Hands-on experience with transaction monitoring systems, scenario tuning and customer risk rating models.
• Proven ability to write SOPs and train operational teams.
• Graduate; CAIIB preferred.

Other Info

This is a 6-month (extendable) contract starting in early January 2027, extendable by two further terms of six months each. The role is full-time and on-site at the Bank’s office in Mumbai, and candidates must be available for the full contract term. If selected, you will need to clear the Bank’s background verification before deployment and may be invited to present to the Bank.