Head of Risk & Compliance

The Head of Risk & Compliance is responsible for building and leading IME Khalti’s proactive risk and compliance function — transforming compliance from a reactive cost centre into a structural enabler of trust, partner confidence, and regulatory standing.

The role holder will establish a resilient risk and compliance framework that meets all evolving NRB requirements, achieves zero material AML/CFT findings, and embeds real-time monitoring across all transaction flows

QUALIFICATIONS & EXPERIENCE

Essential

• Bachelor’s degree in Law, Finance, Business Administration, or a related discipline; a Master’s degree is strongly preferred.
• Professional AML/CFT certification: CAMS (Certified Anti-Money Laundering Specialist), ICA Diploma in AML, or equivalent recognised qualification.
• Minimum 3 years of progressive experience in compliance, risk, or financial crime roles, with at least 1 years in a senior position.
• Demonstrable experience operating within a Nepal Rastra Bank regulated environment or a comparable central bank / financial intelligence unit regulated institution in the Asia-Pacific region.
• Deep working knowledge of the NRB AML/CFT Directives, Payment and Settlement Acts and Bylaws, NRB Payment Services Directive, and applicable FATF Recommendations.
• Proven track record in managing regulatory examinations, NRB/FIU-Nepal reporting obligations, and KYC/CDD programme design.
• Experience overseeing or implementing transaction monitoring systems, sanctions screening platforms, and digital KYC / eKYC solutions.

Desirable

• Experience in a digital payments, mobile wallet, fintech, or remittance platform environment.
• Familiarity with AI/ML-powered risk scoring, behavioural analytics, and real-time fraud detection systems in a financial services context.
• Experience with agent banking / correspondent banking AML risk management.
• CAMS-Audit, ICA Advanced Certificate in AML, or equivalent specialist AML audit qualification.
• Working knowledge of Nepal’s emerging data protection and privacy regulatory framework.

Job Description:

1. End-to-End AML/CFT Programe Ownership: Own and continuously enhance the organization’s AML/CFT framework, including risk appetite, policies, procedures, governance, and training, ensuring full alignment with FATF standards and Nepal Rastra Bank (NRB) regulations.
2. Suspicious Activity Oversight: Act as the designated Money Laundering Reporting Officer (MLRO), responsible for reviewing internal disclosures, making independent STR/SAR filing decisions, and maintaining direct reporting access to senior management and the Board.
3. Regulatory Compliance & NRB Engagement: Ensure full compliance with all NRB directives, Payment Services Directive (PSD), and applicable laws; lead regulatory inspections, manage correspondence, and ensure timely closure of findings with zero repeat observations.
4. Regulatory Change Management: Establish and operate a real-time regulatory tracking and compliance system to monitor NRB circulars, assign accountability, and ensure timely implementation through a centralized compliance register.
5. KYC, CDD, ECDD & Customer Risk Management: Lead enterprise-wide KYC and Re-KYC programmes; implement a risk-based customer profiling framework and ensure robust CDD, ECDD, and SDD practices across all customer segments.
6. Digital Onboarding & eKYC Governance: Oversee eKYC systems including biometric verification, liveness detection, and document validation; define tolerance thresholds (FAR/FRR) and manage exception handling with full audit traceability.
7. Transaction Monitoring & Risk Analytics: Own the transaction monitoring system (TMS), including rule design, alert calibration, and escalation processes; drive adoption of AI-powered fraud detection and behavioral analytics models.
8. Digital Fraud Control: Lead end-to-end digital fraud control by detecting mule accounts, preventing account takeovers, and driving real-time, intelligence-led safeguards and user awareness across all payment channels.
9. Sanctions, PEP & Financial Crime Controls: Implement and manage robust sanctions and PEP screening across customers, agents, and merchants, ensuring compliance with global and domestic watchlists and targeted financial sanctions requirements.
10. Risk Governance & Board Reporting: Maintain the enterprise Risk Register, conduct quarterly risk reviews, and provide comprehensive reporting to the Board on compliance posture, key risks, and mitigation progress.
11. Team Leadership & Compliance Culture: Build and lead a high-performing Risk & Compliance function; deliver role-based AML/CFT training and foster a proactive, business-aligned compliance culture across the organization.

Summary Pointers:

Head of Risk & Compliance – Job Description

1. End-to-End AML/CFT Programme Ownership: Own and continuously enhance the organization’s AML/CFT framework, including risk appetite, policies, procedures, governance, and training, ensuring full alignment with FATF standards and Nepal Rastra Bank (NRB) regulations.
2. Suspicious Activity Oversight: Act as the designated Money Laundering Reporting Officer (MLRO), responsible for reviewing internal disclosures, making independent STR/SAR filing decisions, and maintaining direct reporting access to senior management and the Board.
3. Regulatory Compliance & NRB Engagement: Ensure full compliance with all NRB directives, Payment Services Directive (PSD), and applicable laws; lead regulatory inspections, manage correspondence, and ensure timely closure of findings with zero repeat observations.
4. Regulatory Change Management: Establish and operate a real-time regulatory tracking and compliance system to monitor NRB circulars, assign accountability, and ensure timely implementation through a centralized compliance register.
5. KYC, CDD, ECDD & Customer Risk Management: Lead enterprise-wide KYC and Re-KYC programmes; implement a risk-based customer profiling framework and ensure robust CDD, ECDD, and SDD practices across all customer segments.
6. Digital Onboarding & eKYC Governance: Oversee eKYC systems including biometric verification, liveness detection, and document validation; define tolerance thresholds (FAR/FRR) and manage exception handling with full audit traceability.
7. Transaction Monitoring & Risk Analytics: Own the transaction monitoring system (TMS), including rule design, alert calibration, and escalation processes; drive adoption of AI-powered fraud detection and behavioral analytics models.
8. Digital Fraud Control: Lead end-to-end digital fraud control by detecting mule accounts, preventing account takeovers, and driving real-time, intelligence-led safeguards and user awareness across all payment channels.
9. Sanctions, PEP & Financial Crime Controls: Implement and manage robust sanctions and PEP screening across customers, agents, and merchants, ensuring compliance with global and domestic watchlists and targeted financial sanctions requirements.
10. Risk Governance & Board Reporting: Maintain the enterprise Risk Register, conduct quarterly risk reviews, and provide comprehensive reporting to the Board on compliance posture, key risks, and mitigation progress.
11. Team Leadership & Compliance Culture: Build and lead a high-performing Risk & Compliance function; deliver role-based AML/CFT training and foster a proactive, business-aligned compliance culture across the organization.

Please send your CV at vacancy@khalti.com

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