At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.Sound like you Then read on.WE ARE LOOKING FOR .....Responsible in ensuring proper implementation of KYC and AML processes and reporting
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- Ensures proper implementation of the following:
- Customer Identification (KYC)
- Customer Due Diligence (CDD) and Enhanced Due Diligence
- Alerts Monitoring and Reporting (CTR/STR)
- Periodically reviews KYC records including conduct of CDD/EDD and ensures that AML standards are complied with, records/information are up to date and complete
- Ensures prompt and appropriate disposition of alerts generated by the AML system and documents action taken
- Monitors and reviews alerts to identify whether a transaction is suspicious or not
- Prepares and ensures accurate submission of Suspicious Transaction Report (STR) to Compliance
- Ensures timely and accurate reporting of AML related reports such as but not limited to CTR, STR, etc.
- Periodically reviews alert trends to ensure these are generated in accordance with the defined parameters or be able to identify possible areas for improvements
- Conducts root cause analysis of any concerns coming from the review and recommends appropriate system enhancements to resolve alert issues
- On-time and accurate completion of Risk and Regulatory report requirements i.e. CTR/STR, risk assessments, control testing, etc.
- No significant audit/regulatory compliance findings
- All the different business units within Operations
- Units outside of Operations including but not limited to Compliance, Risk, Finance, etc.
- Vendors/ Third-party providers
Qualifications:
- Education - Candidate must possess at least a Bachelor's/College Degree preferably in the field of Accounting, Finance or Business Administration or any related courses
- With at least three (2-4) years of experience in the insurance / financial industry preferably in a compliance or audit function
- Strong knowledge of insurance /business processes and AML/CTF framework
- Sound knowledge of business process improvements and risk management/internal controls framework
- Must be proficient in MS Office applications
- Must be organized and keen to details
- With good analytical and problem-solving skills
- Must have excellent oral and written communication skills
