Anti-Money Laundering Specialist

Job location: Mumbai (Vikhroli)
Job Summary
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AML-CFT compliance management:
Overall management of compliance with AML-CFT Policy, Sanctions Policy of IRDAI & Generali group
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Alert/Red flag indicator review:
Ability to define rule engines for generation of alerts, review, including investigation as appropriate for detecting money laundering tendencies
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Reporting of STR/SAR:
Verifying data as per red flag alerts and reporting of Suspicious transactions to Financial Intelligence Unit
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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
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Generali AFC reporting compliance:
Complying with Generali guidelines and policies on AML-CFT/Sanctions and reporting
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Training on AML-CFT & Sanctions:
Providing clarifications and training on AFC topics to employees and stakeholders
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Monitoring and Review:
Independently monitor and review the Company's AML processes and policies and suggest recommendations in line with the applicable laws/guidelines.
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Record maintenance:
Maintenance of records and reports for reference
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Compliance Assurance:
2nd Level Control Testing of Underwriting and Operational activities (Policy issuance, customer servicing and complaints management)
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Advisory on the Compliance Matters:
Assess new business proposal, regulations, circulars and advise the business team on its implications and implementation.
Competencies
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Proficiency in using AML/CFT software and tools.
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Strong analytical and investigative skills
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Ability to work independently and as part of a team.
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Excellent communication and interpersonal skills.
Education & Experience
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Minimum Education: Bachelor’s degree, Preferably Chartered Accountant, MBA
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Certifications: AML/CFT compliance
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Experience: Minimum of 5-7 years of experience in AML/CFT compliance, preferably in the life insurance or financial services industry.
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Hands on experience in SQL and MS office applications (Excel, PowerPoint & Word)