Senior Manager / Chief Manager - AFC Compliance

Develop, implement, and maintain effective AML and ABC programs to prevent and detect financial crimes
Monitor transactions and activities for suspicious patterns and behaviors that may indicate money laundering or other financial crimes.
Investigate suspicious activity, prepare Suspicious Transaction Reports (STRs) or other required reports.
Timely response to Regulatory bodies- FIU-IND and enforcement agencies, IRDAI etc.
Develop and deliver training programs for employees on AML, ABC, and related compliance matters.
Develop and update AML and ABC policies and procedures to ensure alignment with Global requirements and best practices.
Analyze data to identify trends, patterns, and potential risks related to money laundering and corruption.
Sanction screening process

Exp.- A minimum of 10 -15 years post-qualification experience

Good Insurance regulatory knowledge & understanding of insurance laws
Good understanding of Third-Party Compliance
Must show good judgment in interpreting guidelines and regulations
Ability to interact with top management and external agencies
Good networking skills with external agencies and industry peers

Ensuring robust oversight on AML and ACP
Timely closing of alerts and filing of STRs
Timely response to Regulatory bodies- FIU-IND and enforcement agencies, IRDAI etc.
Minimum compliance issues with the Regulator
Establish a Compliance oriented culture within the organisation and ensuring that compliance reporting is done within the stipulated time
Implementation of best practices.

Preferably CA/CS or Bachelors degree in law
A minimum of 10 -15 years post-qualification experience
Experience in insurance industry
Familiar with relevant laws and regulations governing AML, ABC, and sanctions compliance.