Principal Officer

About Mudrex:

Mudrex is India’s largest crypto investing platform. We are growing rapidly - today, the Mudrex users are 2 million strong and counting. And to sustain and support this rapid growth, we are looking to grow our team. The folks at Mudrex are mission driven to a single purpose - to help bring the world closre to financial independence through cryptocurrency.

 Job Description

We are seeking a skilled and experienced Principal Officer. The ideal candidate will play a critical role in overseeing and managing the Mudrex's anti-money laundering and compliance programs, ensuring adherence to regulatory requirements of FIU India. The PO will collaborate with cross-functional teams and, external stakeholders, and regulators to uphold a robust compliance framework and mitigate potential financial risks.

Responsibilities

• Develop and implement comprehensive anti-money laundering (AML) and compliance programs that align with regulatory requirements and best practices as required under PMLA, Act, 2002.

• Serve as the primary point of contact for regulatory agencies and external auditors in the India, ensuring timely and accurate communication and reporting on compliance-related issues.

• Monitor changes in AML and compliance regulations, and provide guidance and recommendations to the executive team to ensure compliance with regulatory obligations.

• Conduct regular risk assessments and audits to identify potential areas of non-compliance, and implement corrective measures and controls to mitigate financial risks effectively.

• Provide training and guidance to employees on AML and compliance matters, fostering a culture of awareness and accountability throughout the organization.

• Assist with the creation, maintenance, and review of policies, procedures, and controls to identify, prevent, mitigate, and manage regulatory risk.

• Update investment and disclosure documentation in line with regulatory, legislative, and business changes.

• Preparation of board and compliance reports.

• Maintain PMLA records. Assist with regulator correspondence and reporting for the FIU India.

• Lead conversations with regulators and ensure compliance to all licenses (for payment services and digital assets).

• Investigate breaches and incidents and ensure timely resolution and improvement to control environment

• Manage the complaint handling process, in particular, escalated complaints.

• Manage relationships with key internal and external parties and promote a positive compliance culture.

• Identify and partner with the appropriate partners and tools needed for compliance - help get them onboarded and initiated.

• Perform enterprise-wide risk assessments.

• Conduct compliance testing and report the results to Management.

• Acting as the contact point with local regulator, manage the communication properly and escalated when needed.

• Manage the requests from internal and external stakeholders, for instance regulator, payment services provider, etc.

• Review of the alerts and preparation of STRs, reporting of STRs.

• Timely and effective responses to the FIU India.

Preferred Qualifications

• 8+ years’ relevant experience in a legal or compliance role with a substantial knowledge of relevant rules and regulations and the day-to-day compliance affairs.

• Bachelor's or Master's degree in Law, Finance, or a related field. A relevant compliance certification is a plus.

• Experience in a compliance role with a focus on anti-money laundering (AML) regulations and global compliance requirements across various jurisdictions.

• Proven experience in developing and implementing AML and compliance programs in a complex regulatory environment, within the financial services industry.

• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders.

• A proactive attitude, a strong work ethic, and the ability to thrive in a fast-paced and dynamic work environment.

 You should apply if:

• You are an autonomous, critical thinker with razor-sharp problem-solving skills.

• You are passionate about what you do.

• You are exceptional at time management and have a proven track record of being able to work efficiently with minimum supervision.

• You demonstrate ownership traits.