VP, Transaction Monitoring & Regulatory Controls

About the role

The role has primary responsibility for regional oversight and second-line challenge of the Transaction Monitoring (TM) framework across Asia, covering TM governance, risk assessment, scenario effectiveness, systems implementation, optimisation, control enhancements and strategic TM initiatives. It also provides second-line challenge of tax transparency requirements such as FATCA and CRS. The successful candidate is an experienced Financial Crime Compliance (FCC) professional with at least 10 years of relevant experience, supporting the Asia Regional Compliance/FCC team.

Key responsibilities

• Provide regional compliance oversight of the Transaction Monitoring framework and review its performance metrics, alert volumes, false-positive rates and emerging typologies.
• Support and take part in AML and regulatory projects, including integrated KYC, post-transaction payment monitoring and trade-based monitoring systems.
• Challenge business and data-mapping activities so that system configurations meet financial crime monitoring objectives, and collaborate on TM enhancements and transaction monitoring risk assessments.
• Support the development, tuning and optimisation of risk scenarios, parameters and thresholds, and advise on the implementation of monitoring tools and compensating manual controls.
• Support Money Laundering Reporting Officers (MLROs) across Asia with incident management and remediation, and give day-to-day advice on escalated transactions and alerts.
• Advise on FATCA, CRS and USW matters and oversee FATCA, CRS and USW reporting governance, regulatory submissions, and the review of global second-line reports and annual external reporting.
• Review and challenge annual external FATCA, CRS and USW reporting, internal risk assessments, key control testing and product assessments, and support Wholesale Banking offices across Asia on these matters.

Required profile

• At least 10 years of relevant experience as an experienced FCC professional.
• Demonstrated experience managing financial crime systems implementation projects and translating AML laws and regulations into system design and deployment requirements.
• Strong experience in transaction monitoring, AML/CFT and financial crime controls.
• Sound understanding of FATCA and CRS requirements, MAS requirements and other regulatory frameworks.
• Ability to work independently, with excellent communication and stakeholder management skills.
• Knowledge of Wholesale Banking products, especially Trade Finance, and ACAMS or ICA certification are an advantage.

Applications are submitted through the company's careers site using its internal recruitment system.