Head, FCSO, TM NCB

Full-time - Senior

Bangalore, IN

Credit Intermediation and Related Activities

About the position

The purpose of this role is to provide strategic and tactical management of FCSO Transaction Monitoring Non-Correspondent Banking (NCB) teams in GBS India. Support the Global Head, Transaction Monitoring discharge their key responsibilities around Process Ownership at Group-level for the Transaction Monitoring as set out in the ERMF, as it relates to: Identification and management of the processes and associated risks including activities which are carried out by other businesses or functions, or which are hubbed or outsourced; Implementing the RCSA to monitor the effectiveness of the controls and standards governing the end-to-end process; Being responsible to the Process Universe Owner, Risk Framework or Policy Owners, and implementing the control requirements applicable to the process; Escalating significant risks and issues to the Process Universe Owners, relevant RFO or Policy Owners.

Responsibilities

• Managing the relevant Transaction Monitoring processes within approved Group risk appetite, and breach escalation.
• Implementation of process/control metrics to monitor the adherence to the group risk appetites.
• Prompt escalation of any risks or control weaknesses in the process as executed and prompt remediation.
• Development of appropriate treatment plans to mitigate risks or controls weakness identified.
• Review of key metrics and trends to identify issues with effectiveness and opportunities for efficiency in the Transaction Monitoring process.
• Provide input into design and enhancement of all Transaction Monitoring solutions.
• Training and development of resources to address all applicable risks.
• Adequate capacity planning and resourcing to ensure relevant processes can be executed within established risk tolerances and Case Analysis Duration (CAD).
• Ensure that the relevant Transaction Monitoring team is appropriately resourced and has appropriate capability to effectively implement the process as required.
• Ensure that the process implemented by the FCSO is operating as efficiently as possible, whilst ensuring quality is appropriately maintained.
• Adherence of AA processes to all applicable Risk Type Frameworks (including FCC, Compliance, Operational.) set by the respective Group RFOs.
• Engagement of Second Line of Defence for approval, guidance, and challenge.
• Implementation of process and control change to satisfy local and extra-territorial regulatory obligations, as well as emerging risk threats.
• Implementation of the Group policies/standards and Country Addendum (from 2LOD) and Group DOI/guidance and Country variation (from 1LOD) to mitigate the applicable risks and risk sub-types, in line with local country FCC regulations.
• Assessment, Monitoring and Mitigation of FCC risks relating to Surveillance and Operations.
• Data aggregation, risk reporting and data quality of group Management Information related to AA process.

Requirements

• Minimum 15 years of relevant work experience in AML and terrorist financing surveillance skills in relation to the respective country jurisdiction, and client types.
• Analysis skills: able to analyze data trends and out of pattern activities, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
• Knowledge in terms of customers, products and transactions with expertise in at least one customer segment (retail, corporate, private banking, correspondent banking).
• Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service oriented attitude.
• Excellent communication in English (articulation and writing).

Nice-to-haves

• Training, licenses, memberships and certifications.

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.