Scenario Design Principal Expert in Transaction Monitoring

We are looking for you, if you:

• Have approx of 12 years of relevant work experience in the financial services industry, preferably within Wholesale Banking, Retail Banking, Risk (Compliance), with a over 10 years’ experience in AML Transaction Monitoring area and you have an academic degree,
• Have a strong understanding of AML TM risks and typologies associated with different products and client types,
• Have a good understanding of data and data processing (payment messages and associated standards, transaction processing; relational databases, data warehouses, ETL processes),
• Are experienced in performing TM Risk Assessments, designing TM Scenarios/models to tackle identified risks (along with writing clear, unambiguous requirements), OR have sufficient Compliance and ML  knowledge that will allow to step into new role
• Are fluent in English,
• Have the ability to display style flexibility to teams and adapt plan, approach and behaviour to the different needs, cultures and situations,
• Have a strong resilience and you are able to navigate through ambiguity and simplify complexity without losing essence as well as facilitate decision-making to drive complex design issues to a conclusion,
• Are able to ‘get people on board’ and ensure necessary buy-in from stakeholders, as well as to understand and take into account the underlying issues, opportunities and dynamics of an international organization with multiple functional lines and one hierarchical line and deal with multiple interests.

You'll get extra points for:

• Certification in FEC or AML expertise areas (e.g. ACAMS, ICA).
• Knowledge of SQL and Python or will to develop skills in this area.

Your responsibilities:

• Providing SME expertise and leading key projects in AML TM domain with primary focus on Test of Design of post Transaction Monitoring scenarios and Risk Assessments
• Reviewing laws/regulations and FATF recommendation to identify Risk Scenarios
• Performing various analyses, TM deep dives into Risk Assessments to produce recommendations and solutions,
• Defining Business Requirements for existing or newly identified risks in Transaction Monitoring
• Designing and prototyping new ML, TF, TE, ABC risk scenarios to meet business requirement.
• Responsible for Test of Design– Thresholds settings, analysis of RUAT Investigation results, performing: Business Impact Assessment, Overlap Analysis, Effectiveness, and Efficiencies of new TM scenarios.
• Cooperating with Data Scientist to prepare various reports and analysis.
• Collaborating with different stakeholders for successful implementation of different projects and initiatives.
• Prepare methodologies for Primary and Secondary Analytics
• Own several RAD initiatives and lead them to successful implementation.

Information about the squad

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 defense and represents KYC and ING to internal & external parties (incl. regulators) and client events. Within the TM Pillar, we have dedicated teams with in-depth KYC knowledge and expertise; one of the teams is the Risk Assessment and Design 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.

The role naming convention in the global ING job architecture will be “KYC Process Design & Control V”