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JOB DESCRIPTION |
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BASIC INFORMATION |
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Position Title |
Assistant Manager |
Grade |
M7 |
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Department |
Compliance – AML/CFT |
Location |
Central Processing Centre, Seawoods, Navi Mumbai |
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Business |
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Position Reporting To |
VP & Principal Officer (FIU - IND) |
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Total Headcount (Direct) Supervised |
NIL |
Total Headcount (Direct / Indirect) Supervised |
NIL |
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JOB PURPOSE |
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To support the AML & CFT function by monitoring and reviewing alerts generated through the AML system, identifying and reporting suspicious transactions, responding to regulatory and Law Enforcement Agency (LEA) queries, maintaining required records and MIS, and supporting AML/KYC awareness and compliance across the organization.
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KEY RESPONSIBILITIES |
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Functional Responsibility
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· Checking and making of alerts generated from the AML System to ensure submission of the final identified suspicious transactions on a timely basis · To ensure proper collaboration with the departments like New Business, Underwriting, Policy Servicing, Claims, Legal etc. for smooth functioning and data requirements. · To handle any kind of AML related queries raised by the Law Enforcement Authorities. · To prepare accurate and time bound response to the alerts received from FIU-IND. The alerts may be from sources like DOMC, dd.cft or RFI or any other authority. · To prepare the Grounds of Suspicion (GOS) for the STRs to be filed under LEA category and other categories. · To ensure proper Maintenance of records related to the department and necessary preparation for Internal and External Audit · To prepare data or MIS for the management as per advice from the seniors. · To do the cross verification of the alerts generated on AML system with the data extracted from the Data base of the company by IT Team at least once in a year. · To spread AML/KYC awareness amongst all employees and intermediaries through various online initiatives and enablers. |
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JOB REQUIREMENTS |
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Qualification |
· Graduate in any discipline from a recognised university. · Professional qualifications/certifications in AML/CFT, KYC, Financial Crime Compliance or related areas will be an added advantage. · Candidates with prior experience in the Life Insurance / Insurance/ Banking industry will be preferred. |
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Experience |
· Minimum 3 years of relevant experience in AML/CFT, KYC, regulatory compliance or a related area. · Experience in handling AML alerts, STR-related activities, regulatory/LEA queries and preparation of compliance-related reports will be an added advantage. |
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Functional / Technical Skills |
· Good understanding of AML/CFT and KYC requirements. · Good analytical and investigation skills with attention to detail. · Ability to analyse customer/transaction-related data and identify unusual or suspicious patterns. · Good written and verbal communication skills. · Ability to coordinate with multiple internal stakeholders and obtain information within defined timelines. · Proficiency in MS Excel and MS PowerPoint. · Ability to prepare clear and accurate reports, MIS and management presentations. · Ability to handle sensitive and confidential information with due care. · Good time management and ability to work within regulatory and internal timelines. |
Source: SBI Life Insurance careers — Read the original posting and apply
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