Anti-Money Laundering Manager

Role objective:

- The successful candidate should have extensive experience in executing and managing AML & CFT requirements.

- The candidate needs to have an eye for detail, exercise independence and a meticulous approach to review and an ability to work in a deadline-based environment to implement the statutory/regulatory requirements around AML-CFT as a 2nd line of defense (Compliance Function).

• Education/ Qualification – Graduate, Degree in law and AML certifications (CAMS etc.) preferred
• Experience - 7 - 10 yrs. Hands on experience in Anti Money Laundering compliances in BFSI-Insurance Sector.
• Must have worked for more than 3-4 years in AML-CFT Compliance role in BFSI-Insurance

Job Responsibilities:

• Sound Knowledge of PML Act, PMLA Rules and regulatory requirements in BFSI-Insurance sector.
• Hands on experience in conducting Transaction monitoring, collation of AML reports and filing the exceptions through STR and other reporting requirements to the regulator (FIU)
• Filing of reports including Suspicious Transaction Report on the Fin-gate 2.0
• Develop & implement new processes and review the existing processes to identify and mitigate non-compliance to anti money laundering
• Review and revise AML Policy, manual and SOP's annually or as and when required.
• Maintain necessary systems and other MIS, initiate and promote efficiency in conducting due diligence & transaction monitoring.
• Conduct periodic Quality checks on the activities required in compliance to the KYC and AML carried out by the 1st Line (Business/ operations).
• Conduct, review & manage annual and periodic trainings for Anti Money Laundering.
• Prepare dashboard and periodic (quarterly) reports/ decks for management and Board.
• Contribute to continuous improvement initiatives by developing and implementing relevant, cost saving, control and process improvements.
• Stay abreast and informed of emerging laws, rules & regulations on Anti Money Laundering. Collaborate with Internal Audit, IT, Operations and other stakeholders to identify and implement new technology to improve Capabilities of money laundering detection programs and compliance.