Job Summary

Role Purpose

The purpose of this role is to provide strategic and tactical management of FCSO Transaction Monitoring Non-Correspondent Banking (NCB), Trade & Fraud 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:
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;
Implementing the RCSA to monitor the effectiveness of the controls and standards governing the end-to-end process;
Being responsible to the Process Universe Owner, Risk Framework or Policy Owners, and implementing the control requirements applicable to the process;
Escalating significant risks and issues to the Process Universe Owners, relevant RFO or Policy Owners

Accountabilities

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
Engagement of Second Line of Defence for approval, guidance, and challenge
Review of process and control change to satisfy local and extra-territorial regulatory obligations, as well as emerging risk threats
Review of the Group policies/standards and Country Addendum (from 2LOD) and Group DOI/guidance and Country variat

📌 Director, FCSO TM (Bengaluru)
🏢 Standard Chartered India
📍 Bengaluru