Anti-Money Laundering Manager

Aviva India; Gurugram District; On-site; INR 800,000 - 1,500,000; Full time

Job summary

Aviva India is looking for a candidate with extensive experience in managing AML & CFT requirements in the BFSI-Insurance sector. The ideal candidate will have a graduate degree, AML certifications, and 7-10 years of hands-on experience specifically in Anti Money Laundering compliance.

Key responsibilities include conducting transaction monitoring, reviewing AML policies, and preparing reports for management. Strong attention to detail and analytical skills are essential for success in this role.

Qualifications

• 7-10 years of hands-on experience in Anti Money Laundering compliance in the BFSI-Insurance sector.
• Experience in conducting transaction monitoring and filing exceptions through STR.

Responsibilities

• Conduct transaction monitoring and collate AML reports.
• Review and revise AML Policy, manuals, and SOPs annually.
• Conduct periodic quality checks on KYC and AML compliance.

Skills

Attention to detail

Independence

Analytical skills

Education

Graduate, Degree in law

AML certifications (CAMS etc.)

Job description

- 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.