Senior Manager (Avp) Transaction Monitoring Unit
Current**POSITION SUMMARY**Managing assigned portfolio of Oracle FCCM alerts and lead a dedicated Transaction Monitoring team in order to mitigate the risk of AML within the organization.• Ensure to Implement AML/CFT measures particularly with respect to transaction monitoring in line with bank's internal procedures to avoid any repercussion to the bank.• Assist in identifying gaps for Regulatory requirements of transaction monitoring / CCD & EDD and existing bank’s systems /procedures. Suggest new ideas and take initiatives for effective transaction monitoring, suspicious transaction reporting.• Supervise transaction monitoring carried out by AML Team through alerts generated on Oracle FCCM created by analysts as per SOPs and ensure to dispose off alerts after reviewing in terms of AML CFT guidelines and compliance of 4-eye concept.• Review and analyse suspicious accounts / transactions identified by AML Analysts. Further, escalate them to Unit Head/AML Head for onward filing of STR/closure.• Ensure that Centralized MIS of reviewed and inquired Accounts maintained as per procedure for effective follow-ups and performance analysis purposes.• Perform quality check on AML inquiries handled/closed by AML Analysts and provide update to Unit Head/AML Head for further necessary guidance.• Follow-up with concerned Business Unitsto obtain the required feedback and ensure to conclude pending AML enquiries within the given TAT.• Prepare & submit performance report of AML Analysts to Unit Head/ AML Head.• Ensure Compliance Process are well documented & implemented to mitigate Regulatory risk.• Ensure that all exceptions raised by Internal Audit or Quality Assurance are resolved within the period assigned.• Assist Unit Head in identifying the training needs for staff & regularly address the developmental needs of staff.• Assist Unit Head in competing ongoing deliverables with respect to systems improvement, UATs, provision of information to Regulators etc.
