ING Wholesale Banking Asia is looking for a Regional Transaction Monitoring Manager,to support Asia Regional Transaction Monitoring related initiatives & deliverables in the region spanning 11 WB Asia locations.
Job description
This person will be a part of the Asia KYC & Transaction Monitoring Team, which is a part of Regional 1st Line of Defence (LoD) Non-Financial Risk Team (Expert Team Asia (responsible for 1st line implementation of Non-Financial Risks) overseeing and actively participating in globally led programs relating to all FEC topics including CDD, KYC & Transaction Monitoring for the region.
This role requires strong FEC Knowledge & hands-on experience in Transaction Monitoring area including regulatory requirements, TM tooling and operational implementation aspects. The person in this role will also act as Transaction Monitoring Risk Ambassador within 1st LoD & promote a strong Risk culture.
Key Responsibilities include:
- Drive and provide Subject matter expertise on Transaction Monitoring( TM) related structural solution implementation for Wholesale Banking Asia based on both global and local FEC/AML requirements and standards .
- Manage outsourcing of all TM related services to due diligence for Transaction services – for Operations & Change related aspects) for Asia in-line with WB Sourcing Governance Framework. Oversee the service performance and monitor/act upon the issues related to outsourced services.
- This role will also require extensive collaboration with internal 1stLoD, 2nd LoD & 3rd LoD regional and global stakeholders to drive discussions, decisions, escalate and embed appropriate governance as required.
- Responsible to coordinate and facilitate annual TM Risk Assessments execution across 7 Asia branches.
- Play an active role in implementation of TM tooling including liaising with global change teams, working with regional operations teams, user testing and sign-off as needed.
- Monitor and act upon Financial Crime Risk Appetite Key Risk Indicator and report regularly to Asia Senior Management for their governance and action.
- Convene & run Transaction Monitoring BAU regional governance calls for the region with key regional & global stakeholders.
- Represent Asia countries’ interests towards Global KYC/TM and drive global strategy across the Asia region.
- Act as the owner of Transaction Monitoring controls for Asia by executing/managing the control testing and evaluating the control effectiveness annually.
- Constantly review & identify opportunities for process improvements in existing TM process.
- Act as regional process owner to provide advisory and support to local process owner in managing and executing their responsibilities related to TM.
- Coordinate with local and head office stakeholders to ensure issues with TM operations are being escalated and managed timely and properly.
- Act as secretary of Regional KYC Committee and other related KYC meetings
- Monitor and act upon relevant findings, risk or issue from internal or external quality assurances/audit/inspection
Knowledge and Experience:
- Bachelor’s degree mandatory with 8-10+ years of experience in Banking & Finance, with any additional professional qualification/FEC related certifications an added advantage.
- Experience with implementing KYC/AML & TM operational & Governance principles across the organization, and a strong understanding of the end-to-end KYC processes and risks & controls in the front-to-back chain.
- Good project management skills being able to manage key work deliverables in a timely manner with good quality.
- Knowledge & hands-on experience with implementation of Transaction monitoring tools such as FCRM and Quantexa is an advantage.
- Knowledge & hands-on experience in working with data analysis, identify data sources, extract data, and analyse and publish results and presentations to stakeholders.
- Experience of having improved AML/KYC/TM processes by leveraging AI/ML solutions is an added advantage.
- Analytical, pragmatic, and problem-solving skills with an understanding of the regulatory environment in which banks operate.
- Is a self-starter and a hands-on team player & strong individual contributor who is good at driving engagement across levels on content discussions & for driving decision making amongst stakeholders.
- Experience with working in complex international & federated organization structure.
- Excellent communication & stakeholder management skills.
