Bank of India, an International Credit Institution, established in 1906, is one of the largest Public Sector Banks in India. The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. Presently Bank has overseas presence in 15 foreign countries spread over 5 continents – with 47 branches/offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture. Bank Of India, Antwerp, is specialized in the Diamond Sector is established in Belgium in 2007 and situated near to Antwerp Central Station. Bank of India, Antwerp provides conducive, healthy and multicultural working environment to its employees. Bank of India, Antwerp is looking for a Head of the Compliance function/AMLCO.
Job description
Operational and Strategic Responsibilities
Design and Oversight of AML Framework: Ensure the institution's AML/CFTP policies, procedures, and internal controls are robust, proportionate, and in line with both business activities and the ML/FT risk profile. Coherence and Integration: To ensure consistency between AML/CFTP measures and operational processes across all business lines and alignment with groupwide AML/CFTP strategies.
Governance and Oversight
nternal Reporting: Provide regular, comprehensive, and timely AML/CFTP risk and compliance reports to:
The management committee or senior management & GCCO.
Regulators Communication with Authorities: Ensure transparent arrangements with:
The AML/CFTP supervisory authority,
The Belgian FIU (CTIF-CFI), maintaining the confidentiality of suspicious transaction reports.
Escalation of Issues: Promptly inform senior management and about any serious AML/CFTP breaches or risks and recommend remediation actions. Handling of AMLCO concerns and has the responsibility for the compliance function. Also promote a strong compliance culture at the senior management and board levels.
Act as liaison with supervisory authorities (e.g., NBB, FSMA, CTIF-CFI) on AML matters.
Ensure compliance with regulatory findings and incorporate supervisor feedback into AML/CFTP strategies. ? Oversee legal compliance with the Anti-Money Laundering Law
Profile Required Qualifications and Experience
Education: University degree in law, finance, economics, risk management, or related field.
Professional Experience: Minimum 5-10 years in financial services, preferably with experience in compliance, risk, audit, or AML functions.
Proven experience in a senior leadership or board-facing role.
AML Expertise:
In-depth understanding of AML/CFTP regulations (EU Directive, Belgian AML Law, FATF standards).
Demonstrated ability to assess and influence AML strategy and risk governance.
Good knowledge of Dutch /French/English.
Preferably to have experience in a financials environment
Willing to work as Head of the Compliance Function independently.
Competency and Fit & Proper Requirements Integrity and Ethics:
High personal integrity and professional conduct.
Analytical Thinking: Strong ability to assess complex compliance frameworks and risk landscapes.
Leadership: Able to influence senior stakeholders and promote a compliance-first mindset.
Communication: Capable of articulating complex AML/CFTP risks and decisions to the board and external regulators.
Regulatory Fit & Proper: Must undergo a fit & proper assessment by NBB & FSMA V.
Reporting Line
Directly reports to the Global Chief Compliance officer at Head office Mumbai and Management Committee.
Functions independently from business units but collaborates closely with compliance function
Offer We offer:
- An attractive Annual gross salary package of around Euro 120,000 depending on experience.
- A challenging position with diverse tasks within, a key sector of the financial world.
- Training opportunity to grow
- Opportunity to obtain certification in Compliance.
- A professional and conducive working environment.