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

Proficiency in using AML / CFT software and tools.

Strong analytical and investigative skills

Ability to work independently and as part of a team.

Excellent communication and interpersonal skills.

Education & Experience

Minimum Education : Bachelor’s degree, Preferably Chartered Accountant, MBA

Certifications : AML / CFT compliance

Experience : Minimum of 5-7 years of experience in AML / CFT compliance, preferably in the life insurance or financial services industry.

Hands on experience in SQL and MS office applications (Excel, PowerPoint & Word)