Operational Risk and Transaction Monitoring Deputy Manager

Key Responsibilities

Operational Risk Management

• Develop and maintain the Operational Risk Framework and related policies, encompassing:

1. Third-Party Arrangement
2. Business Continuity Management
3. Operational Risk Management

• Ensure compliance with all regulatory and Head Office requirements
• Plan, execute, and document BCM tests, including reporting and follow-up on findings
• Conduct periodic reviews of third-party arrangements to identify and mitigate risks
• Maintain and update the call tree and risks indicators, regularly review of matric to enhance monitoring

Transaction Monitoring

• Systematically review and analyse customer transactions and account activity generated by the bank’s transaction monitoring system for potential money laundering, fraud, terrorist financing, or other illicit activity.
• Conduct thorough investigations of transaction monitoring alerts, which includes analysing customer profiles, transaction patterns, and relevant external data.
• Determine the legitimacy of alerted activity and decide whether to close the alert or escalate it for further investigation.
• Prepare clear, concise, and well-supported documentation of your investigation and decision-making process.
• Keep up-to-date with the latest money laundering and terrorist financing trends, schemes, and typologies.
• Assist in the preparation of data and summaries for potential Suspicious Transaction Report filings.
• Work closely with other internal stakeholders to resolve cases and share information

Requirements

• Bachelor’s degree in Finance, Risk Management, Business Administration, Law or related field
• Minimum 6 years’ experience in Operational Risk Management and/ or Transaction Monitoring roles
• Strong familiarity with relevant risk frameworks and compliance processes
• Excellent analytical, problem-solving, and communication skills
• Ability to manage multiple priorities and collaborate effectively within cross functional teams