- Salary
- $2500k – $4000k/yr
- Location
- Bengaluru, Karnataka, IN · Mumbai, Maharashtra, IN
- Workplace
- Remote
- Type
- Full-time
- Department
- Administration
- Seniority
- Lead
- Experience
- 3+ years
- Source
- Y Combinator
Description
A. About the Role:
We are looking for an experienced compliance professional to take on the role of Principal Officer for our Virtual Digital Asset (VDA) operations under the Prevention of Money Laundering Act, 2002 (PMLA).
This is a management-level position with significant responsibility. The Principal Officer will report directly to the Board and will play a pivotal role in building and shaping our compliance culture.
B. Core Responsibilities:
Regulatory Compliance
● Act as the primary contact point for FIU-IND, law enforcement agencies, and other regulators.
● File statutory reports accurately and on time.
● Ensure full compliance with PMLA requirements and broader anti-money laundering (AML) obligations.
● Ensure all product features meet regulatory compliance according to RBI, NPCI and others as applicable.
AML Program Oversight
● Develop, implement, and continuously strengthen the AML framework for digital asset operations.
● Oversee ongoing transaction monitoring, onboarding journeys, and risk-based controls.
● Maintain strong KYC processes and end-to-end transaction surveillance.
Risk Management & Assessment
● Serve as a permanent member of committees assessing AML risks across products, channels, customer segments and geographies.
● Track emerging AML risks, typologies, and vulnerabilities in India and the global VDA ecosystem.
● Evaluate risk implications of new business initiatives and provide clearance prior to launch.
Governance
● Present quarterly AML updates and compliance reports to the Board / Board Sub-Committees.
● Establish protocols for timely and accurate information sharing during regulatory inquiries.
● Build and lead a well-resourced compliance function.
Training & Culture
● Design and deliver AML training programs for employees at all levels.
● Champion a strong compliance culture across the organization.
C. Mandatory Qualifications:
● Experience: At least 3 years of hands-on experience in AML compliance, financial crime prevention, or regulatory compliance within financial services or the VDA sector.
● Expertise: Strong command over PMLA and related anti–money laundering regulations.
● Knowledge: Clear understanding of AML risks and typologies relevant to India and the global VDA ecosystem.
● Location: Based in India to ensure effective coordination with FIU-IND and other regulatory bodies.
● Skills: Proven analytical ability, strong communication skills, and leadership qualities.
Note: This is a full-time position dedicated exclusively to AML responsibilities. No concurrent operational roles or external engagements will be permitted.
D. Preferred Attributes:
● Prior experience as a Principal Officer – ideally with a VDA Service Provider, or alternatively with a regulated financial institution.
● Professional certifications in AML compliance (e.g., CAMS, ICA, CAFP or similar certifications).
● Demonstrated experience handling FIU-IND reporting and regulatory audits end-to-end.
● Proven ability to build AML programs from the ground up in fast-paced and high-growth environments
