Executive Compliance Job in Max Life Insurance

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 Compliance Officer

Ensuring timely screening of customers/Employees/Agents etc against banned entities (UN Sanction, Al Qaida, OFAC) at on-boarding and payout stages

Assist inCreating a structured, customized (Online) AML training programforall 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

Assist inConducting 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.

Publish weekly and monthly MIS/Dashboard to supervisor and Principal Compliance Officer.

Assisting in preparation and filing of IRDA quarterly 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.