Senior Manager - Compliance

Role description

APosition Overview

Role Summary:

.Implementation of AML/CFT Guidelines/Regulations issued by the regulator and ensuring compliance.

.Implementation of Revised Red Flag Indicator & reporting format issued by FIU-Ind and ensure compliance.

.Developing and enhancing controls within processes, systems to adhere to regulatory directions.

.Preparation of AML Policy in line with the Regulatory requirement and update it regularly depending upon Regulatory changes or any other relevant factors.

.Ensuring compliance to AML Policy.

.Setting up processes for categorization of customer into High and Low Risk through various control mechanism such as AML Risk Grids, and market study etc.

.Analyzing, monitoring, disposition of s and transaction.

.Preparation of ground of suspicion and filing of Reports under new FINnet 2.0 portal with the relevant Authority post approval from the Principal Officer.

.Filing of Monthly and Annual Statutory returns:

oCash Transaction Report (CTR)

oCounterfeit Currency Report (CCR)

oNon-Profit Organization Transaction Report (NTR)

oSuspicious Transaction Report (STR).

.Perform Product Risk Assessment for risk categorization of product.

.Preparing the AML Training content and ensuring all new, existing Employees and Agents are trained on AML.

.Screening of Customers, Agents etc. on ongoing basis and identifying reportable transactions.

.Conduct open-source search to find relevant information to complete the analysis and review.

.Reviewing Politically Exposed Person (PEP) - High Risk case before issuance of the policy.

.Circulating the FATF identified countries list to the relevant stakeholders and ensure compliance.

.Regular communication on AML/CFT regulation/policy to all Employees through emailer or other mode.

.Advisory on AML queries raised/opinion received from Regulator, Company Sales and Operations functions.

.Monthly and Annual review conducted to check adherence of AML Risk Grid, AML policy and sharing of observation.

.Filing of Annual Compliance Certificate with the local regulator.

.Presenting Monthly, Quarterly and Annual status update to Senior Management.

.Liaison with Auditors, FIU-Ind and IRDAI if required.

BOrganizational Relationships

CJob Dimensions

DKey Result Areas

ESkills Required

.High levels of flexibility, adaptability to manage long hours, working under strict timelines to reach deadlines.

FIncumbent Characteristics