Anti-Money Laundering Specialist

As an AML-CFT Compliance Manager at a company in Mumbai (Vikhroli), your role will involve overseeing the compliance with AML-CFT Policy, Sanctions Policy of IRDAI & Generali group. Key responsibilities include: - Defining rule engines for generating alerts, reviewing and investigating alerts for detecting money laundering tendencies - Verifying data from red flag alerts and reporting suspicious transactions to the Financial Intelligence Unit - Ensuring up-to-date Sanction Lists and accurate screening of Sanctioned persons with the help of IT systems - Complying with Generali guidelines and policies on AML-CFT/Sanctions and reporting - Providing clarifications and training on AFC topics to employees and stakeholders - Independently monitoring and reviewing the company's AML processes and policies, suggesting recommendations in line with applicable laws/guidelines - Maintaining records and reports for reference - Conducting 2nd Level Control Testing of Underwriting and Operational activities - Advising the business team on compliance matters related to new business proposals, regulations, and circulars Your competencies should include proficiency in using AML/CFT software and tools, strong analytical and investigative skills, ability to work independently and as part of a team, and excellent communication and interpersonal skills. Qualifications required for this role: - Minimum Education: Bachelors degree, Preferably Chartered Accountant, MBA - Certifications: AML/CFT compliance - Experience: Minimum of 5-7 years of experience in AML/CFT compliance, preferably in the life insurance or financial services industry - Hands-on experience in SQL and MS Office applications (Excel, PowerPoint & Word),