Manager/AVP - Transaction Risk Management - AML - Financial Services

1. Managing Compliance Service Delivery Service Delivery - Meet Turnaround times, Adhere to QA Model for quality, Escalation of issues and work allocation, process improvements - Ensure the necessary procedures are in place to cover compliance operations activities and Turn Around Times (TAT).

- Ensure proper investigation and monitoring of TM alerts and RFI

- Close alerts where there are no suspicious or refer alerts to next levels where further information is required, or assistance is required to take a decision due to the complexity of the issue.

- Meet TAT as agreed with stakeholders.

- Meet Quality levels as per standards laid down.

- Complete corrective actions for issues raised by QA unit.

- Reporting issues, risks, progress ongoing to senior management.

- Provide MI on Productivity, Quality, escalations, True matches, overdue, issues etc.

- Identify Process Improvement opportunities and deploy AI/ RPA tools as applicable.

- Provide feedback on the rationale and appropriateness of the Detection Scenario rules to ensure transaction monitoring systems are properly calibrated to identify higher risk transactions and reduce false positives.

- Enhance compliance investigators awareness by sharing periodical errors trends and patterns, personalized per unit and specific activity.

2. Managing Compliance Operations Resourcing, Job descriptions, Performance Achievement - Ensure that the teams are suitably staffed.

- Hire, manage and arrange for training of the resources.

- Monitoring the resources to ensure satisfactory completion of the work.

- Working with the training department to identify and address the training needs of the team, ensure the teams undergo ongoing training to the team on AML, Sanctions, etc.

- Guiding, mentoring, and advising the resources to ensure they are skilled to undertake their tasks and to identify any areas of concern.

3. Progress Updates and MI MI & Reporting - Providing ongoing status reports and regular updates on Project status, alerts investigations to leadership and client stakeholders

- Raising issues or concerns to Senior management and stakeholders

4.Audit Audit reports, Closure of audit observations

Timelines - Being a point of contact for any audits of the function and providing the necessary cooperation during the audit.

- Taking the necessary actions to close out any audit observations or, where dependent on other units, systems, or resources, following-up until such closure has taken place.

5.Managing adhoc Tasks Project Plans, Status Updates, Progress Reports, MI, meeting deadlines, Project Milestones - Aiding in ad-hoc Compliance - AML/ TM related tasks

- Conduct AML oversight of the business activities to identify any key risks, trends and typologies.

6. P&L Management Manage within budget/Approved costs - Managing the Account and BAU costs/ budgets by ensuring that the actual expenditure/ costs are within budget and monitored and recorded

- Undertake ongoing assessments of project progress to identify any additional resource needs and associated cost impact.

- Identify margin improvement opportunities

4. Person Specifications (skills required to carry out the job, not what the current or recommended incumbent possesses)

a. Skills / Work Experience - The incumbent should have 12+ years of Financial Services/ banking experience in a recognized regulated market, of which at least 7-9 years must be in Managerial roles

- Previous 5-7 years' experience in managing processes related to Transaction Monitoring, Name screening, AML Compliance

- Regulatory and AML knowledge - a sound understanding of the legislation, regulation, and codes of practice applicable in relevant jurisdiction, covering a variety of topics.

- An intimate knowledge and understanding of the organization's products and services, typical client profile, including their laundering vulnerabilities.

- Investigative skills - the ability to research and analyze complex business and regulatory issues is a critical compliance skill, especially when carrying out monitoring and risk assessment reviews.

- Strong analytical skills with the ability to make logical and reasoned decisions, problem solving and decision-making skills to effectively resolve complex issues.

- Business awareness and pragmatism - a good understanding of the market and business in which the company operate, lead to practical solutions being developed and helps to achieve the bank's strategic objectives.

- Integrity and confidence - accede to a basis value set, appropriate and efficient, applied whatever situation, keeping confidentiality.

- Proficient in translating complex data and analyses into actionable findings, strategies, and tactics.

- Decisiveness - to be able and willing to take ownership of the complex decision-making process, providing strategic thinking and target oriented solutions

b. Competencies - Business Management

- Performance Management

- People Management

- Change Management

- Personal Effectiveness

- Proactiveness

- Teamwork

- Organizational Skills

- Conflict Management

c. Education and any other certification - The incumbent should have a bachelor's degree / master's degree / MBA in banking (financial institutions), economics, or law as minimum.

- Certified Professional with international recognition in some of the following areas: -

- Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF)

- Customer Identification, Customer Risk Profiling and Monitoring

- International Sanctions

- Suspicious Activity / Suspicious Transaction Reporting and dealing with the authorities