Transaction Monitoring Expert
- Apply
- Save Job
Bullet points
Building up first line Compliance function
Building up first line Compliance function
About Our Client
The Global KYC organisation is part of ING's COO domain. Its purpose is "Enabling people and organisations to use our banking services by ensuring a compliant and competitive KYC ecosystem."
Our Global KYC organisation is a first line of defence department providing the ING business and functions with guidance, standardised solutions in the area of KYC-related regulations as well as supporting realising operational excellence. In our Global KYC organisation you will be working with many colleagues from different disciplines, geographies and backgrounds. You will be part of managing and supporting the transformation towards this global organisation and as such contribute significantly to the realisation of the One Agile Way of Working methodology within ING.
The Global Transaction Monitoring (TM) organization (TM Pillar) is part of the Global KYC organization. It sets standards and provides content expertise on the implementation of various KYC-related laws & policies to the squads or circles, ensures the alignment with the other lines of defence and represents KYC and ING to internal & external parties (incl. regulators) and client events. The TM pillar, together with the local TM experts, plays a vital role in ensuring effective and efficient compliance with the KYC-related regulations, more specific the AML/CTF legislation.
Within the TM Pillar, we have dedicated teams with in-depth KYC knowledge and expertise; one of the teams is the Policy & Risk Coverage team. This team works closely with Compliance on our KYC Policy and is responsible for setting the requirements for transaction monitoring scenario's and controls for our global banking products and services, including reviewing country specific scenarios and controls. It is our responsibility to monitor globally proper risk coverage and report hereon.
Job Description
- Responsible for the design of transaction monitoring rule scenarios to ensure regulatory and legislative compliance and mitigation to financial crime risks across different jurisdictions: define the proper business requirements coming from our business lines
- Assessment of new products and enhancements (e.g. mobile payments, instant payment services, virtual currency wallets) to identify AML/CTF risks. Design and implementation of suitable controls in order to accept products into the live environment.
- Identification of AML & Terrorist Financing red flags, analysis of transactional data to make informed decisions and recommendations on rule development and tuning in the Transaction Monitoring systems
- Coordinate, prepare and facilitate transaction monitoring deep dives for retail / wholesale banking and report on risk coverage of the ING units (Countries)
The Successful Applicant
- Minimum of 7 years of relevant work experience in the financial services industry, preferably within Wholesale Banking, Retail Banking, Risk (Compliance)
- Academic degree and preferably an additional certification in FEC or AML expertise areas.
- Proactive, Can-Do, No Surprises and Positive mind-set.
- Ability to facilitate decision-making to drive complex design issues to a conclusion.
- Strong organisational sensitivity; ability to understand and take into account the underlying issues, opportunities and dynamics of an international organisation with multiple functional lines and one hierarchical line and deal with multiple (sometimes conflicting) interests.
- Ability to display style flexibility to teams and adapt plan, approach and behaviour to the different needs, cultures and situations.
- Strong resilience; ability to navigate through ambiguity and simplify complexity without losing essence.
- Ability to 'get people on board' and ensure necessary buy-in from stakeholders.
- Fluency in English.
What's on Offer
.
