Manager - Compliance

Job Summary:

This position will be responsible for managing the Anti-Money Laundering (AML) framework across Axis Max Life Insurance along with other compliance related activities including business advisory, compliance training and awareness, culture building activities, etc. This role involves monitoring suspicious transactions, ensuring regulatory compliance, conducting audits, training and fostering a culture of compliance throughout the organization.

Role & Responsibilities:

Primary Responsibility AML

• 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 Officer
• Ensuring timely screening of customers/employees/agents, etc. against banned entities (UN Sanction, Al Qaida, etc.) at onboarding and payout stages
• Creating a structured, customized AML training program for all new joiners and ensuring refresher training once a year for all Axis Max Life employees.
• Conducting periodic audits across all relevant functions of the organization, to check adherence to the laid-out processes in accordance with the AML framework and/or other Regulatory Compliances.
• Fostering a compliant culture in the organization by continuous reiteration on AML/Compliance requirements by driving a structured awareness campaign across the organization
• Review 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/ other Compliances by all relevant stakeholders.
• Publish weekly and monthly MIS/Dashboard to supervisor and Principal Officer
• Filing of IRDA reporting and adhoc FIU India reporting through coordination from various departments

Secondary Responsibility – Advisory, training, awareness, and culture:

• Assisting and coordinating in carrying out research work on compliance advisory matters, including interpretation and mapping with regulations.
• Drive and strengthen compliance culture in the organization through various initiatives
• Drive and maintain compliance functional training.

Preferred Candidate Profile:

• Bachelors’/Post Graduate degree in any discipline; LLB preferred
• 7-9 years of relevant experience
• Previous experience in the area of AML, business compliances and interpretation/advisory of regulatory requirements