Transaction Monitoring Control Owner AVP
Transaction Monitoring Control Owner AVP
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Job Description
Purpose of the role
The candidate will have a key role in managing Financial Crime Transactional Automated Controls and enabling the bank s regulatory compliance to its Financial Crime management obligations. The role provides ownership of the TM Controls and related models and provides a service to the risk owners of the bank within the business in order to ensure that the bank can manage its financial crime management obligations. That includes contributing and delivering the FC Transactional Monitoring optimisation and strategy for all in scope business locations.
Champion the Surveillance TM Program by providing SME specialist analytically enabled guidance and support across Financial Crime Lines of Defence other business stakeholders operations as well as technology and data teams.
Collaborating with key Business Operational and Financial Crime stakeholders across the lines of defence to understand key priorities for the bank and identify risk management enhancement opportunities.
Manage key stakeholders enabling risk management processes financial crime governance and effective Model Governance related activities that support effective and efficient automate TM controls.
Lead support and develop a team augmenting individual capabilities to enhance all in scope Surveillance TM systems and ensure they are effectively delivered managed and optimised
Working with Financial Crime colleagues to support the development implementation and optimisation of automated Surveillance TM solutions (models).
Leading on innovation within in the field of Surveillance TM Optimisation opportunities within BAU as well transformation activities that include transitioning to the use of AI and ML based modelling.
Accountabilities
Development and implementation of validation plans for new and existing models.
Preparation of model documentation that clearly explains the models methodology assumptions limitations and risks.
Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness ensuring appropriate controls and governance in place.
Analysis and assessment of the models accuracy performance and compliance with regulatory requirements.
Performing back testing and stress testing to assess model robustness under different conditions.
Expectations
Advise key stakeholders including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. Indepth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives using influencing and negotiating skills to achieve outcomes.
Understanding data structures data management and utilisations of data to support customers controls. Data analytics knowledge and experience of using SQL Python or any other similar solution to enable developing the design of TM controls is also key.
Employment Type
Full Time
