Compliance - Insurance

Job Description AML, CPF, CTF Program Management

• Develop, implement, and maintain AML, CPF, CTF, FATCA & CRS program in accordance with local regulations.
• Regularly review and update AML, CPF, CTF, FATCA & CRS policies, procedures, and controls to ensure compliance with regulatory changes.
• Ensure the existence of a system that can identify, analyze, monitor, and provide reports on customers’ profile, characteristics, or transaction patterns.

• Conduct regular risk assessments to identify potential money laundering, terrorism, and proliferation financing risks.
• Monitor prospective customers’/customers’ transactions and activities to detect suspicious activities and ensure compliance with AML, CPF, CTF regulations.
• Identify high-risk business and high-risk area according to AML, CPF, CTF regulations.
• Ensure implementation of customers’ data and profiles update, including customers’ transaction data and profiles.
• Address findings on AML from internal and external audits.
• Conduct periodic testing of the AML, CPF, CTF, FATCA & CRS program to ensure effectiveness and compliance.

• Investigate and report suspicious transactions to the Financial Transaction Reports and Analysis Center (PPATK) or other relevant authorities.
• Prepare and submit regulatory reports, BOD and BOC reports on AML, CPF, CTF program in a timely and accurate manner.

• Develop and deliver AML, CPF, CTF, FATCA & CRS training program to employees and other relevant stakeholders.
• Promote awareness of AML, CPF, CTF, FATCA & CRS policies and procedures.

• Review new/enhanced product and business process to ensure compliance with AML, CPF, CTF, FATCA & CRS requirements.
• Ensure all customer-related forms contain all data required by AML, CPF, CTF, FATCA & CRS requirements.
• Provide advice on AML, CPF, CTF, FATCA & CRS implementation to internal departments.

• Work closely with internal departments to ensure implementation of AML, CPF, CTF, FATCA & CRS compliance.
• Liaise with regulators, auditors, and law enforcement agencies on AML, CPF, CTF matters.

• Provide compliance reviews and advice to internal departments to mitigate potential regulatory risk (including market conduct risks) that may arise from business activities and initiatives of the company while enabling the business.
• Review company policies.
• Conduct compliance socialization.

• Prepare compliance testing plans (AML & Non‑AML), conduct compliance testing activities (AML & Non‑AML) and provide report on testing results.
• Conduct compliance monitoring through dashboards and attestation.
• Provide recommendations to improve compliance risks.

• More than 10 years’ experience as AML compliance officer and team lead role in insurance companies.
• A deep understanding of Anti‑Money Laundering (AML), Counter‑Terrorist Financing (CFT), and Counter‑Proliferation Financing of Weapons of Mass Destruction (CPF) Regulations, system and best practices in insurance companies.
• Understanding in FATCA and Common Reporting Standard (CRS) rules and requirements.
• A deep understanding of life insurance product, business activities, and regulations.
• Highly analytical with strong attention to detail.
• Having CAMS certification.
• Solid interpersonal skills to effectively build relationships and communicate with others.