Posted By
Posted in
Banking & Finance
Job Code
1254114
Job Description :
Position : Deputy Manager - Compliance
Incumbent : NA
Department : Legal & Compliance
Function : Compliance
Reporting to : Chief Manager - Compliance
Band : 5B
Location : Gurgaon (HO) Team size (D/I)
JOB SUMMARY :
- This position is responsible in assisting and coordinating on implementation of AML program, doing research work on AML/CFT regulatory interpretation and regulations, review of customer transactions, ensuring timely regulatory filings, driving employee trainings and various other AML processes.
KEY RESPONSIBILITIES :
- Ensuring efficient identification and monitoring of suspicious activities/transactions via AML Software as well as manual reports/cases highlighted to AML team and timely filing to FIU-India post approval from Principal Officer
- Ensuring timely screening of customers/Employees/Agents/Vendors etc against banned entities (UN Sanction, Al Qaida, OFAC) by respective functions at on-boarding and payout stages
- Creating and imparting a structured, customized (Online) AML training program to all new joiners every month and conducting refresher training once a year for all Max Life employees. Also assisting the supervisor with class room session on AML Program (For new joinees).
- Conducting periodic AML audits across all relevant functions of the organization, to check adherence to the laid out processes in accordance to the AML framework
- Fostering a compliant culture in the organization by continuous reiteration on AML requirements by driving a structured awareness campaign across the organization
- Assisting in formulation and dissemination of the AML Policy as well as AML SOPs subject to changes in guidelines issued by FIU and IRDA from time to time.
- Ensuring adequate implementation and adherence of AML Processes/ sub processes/ activities by all relevant stakeholders
- Governance of existing AML process including rules for effective process control and implement new controls if necessary.
- Assisting and leading system developments
- Publish weekly and monthly MIS/Dashboard to supervisor
- Assisting in preparation and filing of IRDA reporting and adhoc FIU - India reporting/s from various departments.
Measures of Success:
- Zero outage in regulatory reporting(s)
- 100% Adherence of AML processes/ sub process across all functions
Key Relationships (Internal /External) :
- Sr./ Middle management in
- Information Technology
- Finance, HR, Operations, Distribution and other related functions
- Auditors
External: IRDAI, Financial Intelligence Unit, Peer Insurers.
Key competencies/skills required :
- Good communication skills
- Ability to identify unique customer transactional behavior / triggers basis AML red flags and interpret the IRDA regulations and Laws
- Communication & Collaboration with departments
- Result oriented and Go getter.
Desired qualification and experience :
- Bachelors/Post Graduate degree in any discipline
- 5 -7 years of relevant experience
- Previous experience in the area of AML, Business Compliances and interpretation of regulatory requirements
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Posted By
Posted in
Banking & Finance
Job Code
1254114
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