Key Responsibilities

Strategy

Support in the development of newer analytics methods to enhance Optimisation model development process through feedback and collaboration with the onshore team
Work on processes such as threshold tuning, reconciliation, segmentation, optimisation etc. associated with the Transaction Monitoring function across products such as CASA, Trade, Credit Cards, Securities and Financial Markets.
Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring optimisation solutions.
Provide endorsement for changes or remediation activities impacting AML Optimisation models. Also engaging with relevant stakeholders for deploying the changes to production
Work towards the collective objectives and scorecard of the business function published from time to time in the form of job and performance objectives for defined periods

Business

Single Point of Contact for assigned AML Transaction Monitoring Optimisation Modelling related matters
Knowledge of core banking, payment, CDD, securities and other systems and interplay/linkages between them. Understand business domain aspects relevant to AML Monitoring and Case Management.
Make recommendations (and support in implementation where required) to relevant stakeholders on possible risk mitigants to identified risks or areas of concerns from AML Optimisation Models
Collaborate with FCC Advisory teams on determining risk tolerances
Provide guidance in understanding technical and AML detection related aspects of Transaction Monitoring systems pertinent to a country

Processes

Able to conceptualize, design, support and align relevant processes and controls to industry best practice, and close out any compliance gaps
Mentoring and conducting training programs to bring the new joiners and team up to speed on new business requirements
Liaise with Business / Segment stakeholders to understand the emanating risks and ensuring those are suitably addressed through the Monitoring coverage

Governance

People & Talent

Provide coaching to peers and new hires to ensure they are highly engaged and performing to their potential.
Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.

Risk Management

Apply Group and FCC policies and processes (AML monitoring) to manage risks.
Provide typology review coverage based on relevant segments/products and validate appropriate monitoring coverage which is fit-for-purpose.
Engage Advisory teams on Product Risk Assessment reviews, outlining transaction monitoring coverage against products and rationale for deviations
Ensure appropriate and valid agreements are in place for consumption of product and segment data for Transaction Monitoring
Extend support in the implementation of control improvements, enhancements or simplifications proposed by relevant CFCC Advisory functions

Governance

Attend relevant business / segment / product related working group meetings.
Ensure tracking and remediation of surveillance and investigations related regulatory findings.
Report product and segment related matters impacting monitoring in relevant FCC and Upstream Governance Committees
Provide regular progress updates on agreed mitigation actions concerning AML Optimisation Model Issues and enhancements