Operational Risk and Transaction Manager (Foreign Bank)

Operational Risk Management

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

• Third-Party Arrangement
• Business Continuity Management
• 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