Compliance Supervisor

Oversee review and monitoring of insurance transactions to identify Covered Transactions (CTRs) and Suspicious Transactions (STRs) under AMLA and Insurance Commission rules.

Ensure accurate and timely submission of CTRs and STRs to AMLC via the prescribed system (goAML).

Validate alerts generated by the transaction monitoring system and escalate as needed.

Assist the Compliance Head in implementing and updating the company’s Money Laundering and Terrorist Financing Prevention Program (MTPP).

Ensure adherence to Know-Your-Customer (KYC)/Customer Due Diligence (CDD) requirements for new and existing policyholders, agents, and counterparties.

Supervise ongoing review of high-risk customers and politically exposed persons (PEPs).

Conduct or coordinate AML training for employees, agents, and intermediaries to promote awareness of AML/CTF/CPF obligations.

Provide guidance to front-line staff on AML red flags and compliance requirements.

Ensure proper maintenance of AML records and documentation (KYC files, STR/CTR logs, due diligence records) in compliance with retention rules.

Act as point of contact for AML-related inquiries and audits from the Insurance Commission, AMLC, and other regulators.

Assist in preparing responses to AML-related regulatory exams or requests for information.

Support the Compliance Head in conducting the company’s periodic Money Laundering/Terrorist Financing Risk Assessment.

Review product, channel, and customer risk profiles and recommend mitigating measures.

Prepare management reports and dashboards on AML monitoring, STR/CTR filings, and other key AML metrics for senior management and the Board.