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:

(1) 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;

(2) Implementing the RCSA to monitor the effectiveness of the controls and standards governing the end-to-end process;

(3) Being responsible to the Process Universe Owner, Risk Framework or Policy Owners, and implementing the control requirements applicable to the process;

(4) Escalating significant risks and issues to the Process Universe Owners, relevant RFO or Policy Owners

• Managing the relevant Transaction Monitoring processes within approved Group risk appetite, and breach escalation, including:
• 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