Head of AFC compliance

Highlights

• Fixed bonus and performance bonus
• Hybrid Working and remote teaming
• Work from Anywhere
• Equality Welfare & Benefit (LGBTQA+)
• Global online training modules to personalized learning journey
• International Opportunities for Career Growth
• Community Support with Employee well-being resource groups

At Generali Thailand

We celebrate diversity and believe that different perspectives make us stronger. For this role, strong Thai language skills are essential because you will work closely with the Office of Insurance Commission (OIC) and handle official documents in Thai.

We are looking for someone who is:

• Highly proficient in Thai (reading, writing, and speaking)

This requirement ensures accuracy and professionalism in regulatory communication. While we embrace diversity in all other aspects, this language skill is critical to the success of the role."

Job Highlights:

• Role:
  Act as Anti-Money Laundering Officer (AML Officer) and Money Laundering Reporting Officer (MLRO) for . Support coordination of Anti Financial Crime (AFC) activities.
• Market Knowledge:
  Familiar with the local insurance market.

Reporting Lines:

• Solid Line:
  Asia Head of Anti Financial Crime.
• Dotted Line:
  Local Chief Compliance Officer and Head of Compliance.

Main Responsibilities and Key Result Areas:

Within each area of responsibility, provide a brief description and define why the incumbent needs to fulfill the responsibility. Include the measures used to assess the achievement of the respective areas of responsibility.

Responsibilities:

• AFC Function:
  Act as AFC/AML Officer and MLRO for .
• Regulatory Compliance:
  Identify and implement applicable internal and external regulations in accordance with Group AML/CTF, International Sanctions Policies, and Guidelines.
• Advisory Support:
  Provide advisory and support to various Business Units on anti-financial crimes matters, including AML-CTF, international sanctions, anti-bribery and anti-corruption programs, FATCA, and CRS.
• Risk Assessment:
  Perform annual AML/CTF risk assessment and International Sanction risk assessment, advising on mitigation actions.
• Monitoring Activities:
  Manage screening and transaction monitoring activities, including Group data sharing.
• Second Level Controls:
  Perform second level controls activities based on local regulatory requirements and group policies, including sample testing, assessing control effectiveness, advising on remedial actions, and training.
• Control Framework:
  Maintain a solid AML/CTF & International Sanctions Control Framework.
• Reporting:
  Prepare AFC Annual Report/Plan, AFC survey, and quarterly updates for the Local Board of Directors, Regional Compliance committees, and reports to Group AFC Function as required.
• Coordination:
  Coordinate with Head of Asia AFC Function, Group AFC Officer, and local Chief Compliance Officer to address AFC-related requests and inquiries from regulators.
• Communication:
  Cascade Group AFC communication to local management.
• GIRS Assessment:
  Perform Group internal regulation system (GIRS) assessment, evaluating the need for dispensations and waivers/calibration requests of AML-CTF and International Sanctions Group Policy and Guidelines.
• Inspection and Review:
  Manage authority inspection and Group quality assurance review.
• MLRO Duties:
  Perform reporting and duties under the MLRO role.
• FATCA and CRS Reporting:
  Handle FATCA reporting and certification, as well as CRS reporting.

Qualification and Experience Requirements:

• Education:
  A relevant degree in law, accounting, economics, engineering, or risk management.
• Experience:
  Minimum 10 years of experience in compliance or other control functions (at least 7 years in AML Compliance in the insurance industry).
• Skills:
• Specific experience with and knowledge of the insurance industry.
• Understanding of the regulatory framework, applicable regulations, and related AML/anti-financial crimes obligations.
• Knowledge of insurance business and operations/processes.
• Effective communication and correspondence with senior executives.
• Effective and efficient problem-solving skills with keen judgment, autonomy, and strong multi-tasking abilities.
• Team player with good time management skills.
• Stakeholder management skills and ability to work in a diverse and international environment.
• Sound judgment and discretion when dealing with confidential information.
• Excellent command of both written and spoken English.
• Proficiency in MS Office applications.
• Nice to have: Familiarity with Governance, Risk, and Compliance systems.