Anti-Money Laundering Specialist

Job location : Mumbai (Vikhroli)

Job Summary

• AML-CFT compliance management : Overall management of compliance with AML-CFT Policy, Sanctions Policy of IRDAI & Generali group
• Alert / Red flag indicator review : Ability to define rule engines for generation of alerts, review, including investigation as appropriate for detecting money laundering tendencies
• Reporting of STR / SAR : Verifying data as per red flag alerts and reporting of Suspicious transactions to Financial Intelligence Unit
• Compliance with Sanctions process : Ensuring that Sanction Lists are up to date and screening of Sanctioned persons are done with utmost accuracy with the help of IT systems
• Generali AFC reporting compliance : Complying with Generali guidelines and policies on AML-CFT / Sanctions and reporting
• Training on AML-CFT & Sanctions : Providing clarifications and training on AFC topics to employees and stakeholders
• Monitoring and Review : Independently monitor and review the Company's AML processes and policies and suggest recommendations in line with the applicable laws / guidelines.
• Record maintenance : Maintenance of records and reports for reference
• Compliance Assurance : 2nd Level Control Testing of Underwriting and Operational activities (Policy issuance, customer servicing and complaints management)
• Advisory on the Compliance Matters : Assess new business proposal, regulations, circulars and advise the business team on its implications and implementation.

Competencies

Education & Experience