Head of Risk & Compliance

Job Description

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.

Main Work:

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

Khalti खाता छैन?  

Download now For more updates about Khalti’s campaign, events, services, and offer, you can also follow us on our official Facebook page, Youtube, Twitter, Viber, Linkedin, and Instagram.