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Anti-Money Laundering Specialist

Anti-Money Laundering Specialist

ConfidentialMumbai, India
7 days ago
Job description

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)

    • Skills Required

    record maintenance , Sql, compliance assurance

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    Specialist • Mumbai, India