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Vanshika Munshi

Consultant at Huquo

Last Login: 22 June 2024

Job Views:  
132
Applications:  22
Recruiter Actions:  5

Job Code

1254114

Deputy Manager - Regulatory Compliance - BFSI

5 - 10 Years.Gurgaon/Gurugram
Posted 1 year ago
Posted 1 year ago

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

user_img

Vanshika Munshi

Consultant at Huquo

Last Login: 22 June 2024

Job Views:  
132
Applications:  22
Recruiter Actions:  5

Job Code

1254114

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