Compliance:Transaction Monitoring Head

About

The Transaction Monitoring function is a core component of the AML Compliance and is responsible for the identification, review, escalation, and reporting of suspicious transactions in accordance with regulatory expectations. The role demands strong leadership in overseeing alert management, STR governance, stakeholder communication, process improvement, and regulatory engagement including coordination with FIU-IND, RBI, and law enforcement agencies.

Key Responsibilities

1.Transaction Monitoring & Alert Management

• End-to-end ownership of transaction monitoring alerts across systems with continuous oversight of volumes, quality, and closure.
• Define, review, and optimize alert scenarios based on typology trends and risk assessments.
• Ensure timely review, escalation, and documentation of alerts in line with internal SOPs and regulatory requirements.
• Conduct periodic trend analysis and develop actionable insights for alert effectiveness.
• Implement risk-based segmentation and intelligent prioritization for alert queues.

2. STR Process Ownership

• Review and validate alerts flagged as potentially suspicious for STR escalation.
• Recommendation of all STR Cases with appropriate gist to enable PO to take final decision on STR. Ensuring AML closure TAT to 30 Days.
• Final recommendation of STRs to Principal Officer with strong analytical justifications and documentation.
• Ensure proper governance, quality assurance, and timeliness of all STR submissions.
• Maintain MIS and tracking mechanism for STR lifecycle including follow-up actions and feedback.
• Periodic review of rejected STRs to ensure submission within timelines.

3. Regulatory & FIU Engagement

• Act as key liaison for all communication with FIU-IND, RBI, and law enforcement bodies on STRs and AML queries.
• Ensure timely and quality responses to regulatory data requests, notices, audits and thematic reviews.
• Participate in regulatory meetings and audits related to transaction monitoring.
• Lead efforts for documentation readiness and audit trail management for all regulatory submissions.

4. Intelligence, Escalations & Risk Governance

• Proactively identify emerging risks, behavioral patterns, and red flags through data analysis and alert review.
• Collaborate with BIU and Risk Teams for case correlation and further investigation inputs.
• Review and assess complex typologies such as TBML, structuring, layering, and circular transactions.

5. Team Leadership & Capability Building

• Lead and manage a high-performing team of AML analysts and team leads with a focus on quality, speed, and ownership.
• Develop functional expertise through regular knowledge sessions, case studies, and typology briefings.
• Drive individual and team performance metrics related to alert quality, STR accuracy, and regulatory compliance.
• Maintain resource planning to ensure balanced distribution of workload and timely handling of alerts.

Qualifications

Optimal qualification for success on the job is:

• MBA / Postgraduate with Banking background.
• AML Related Course/ Programme Certification is desirable.
• 10 Years of Experience

Role Proficiencies:

• In-depth understanding of AML regulations, STR requirements, and typology-based monitoring.
• Strong experience in STR drafting, review, escalation protocols, and regulatory filing requirements.
• Proven track record of managing regulatory interactions with FIU-IND, RBI, and law enforcement.
• Strong analytical acumen for pattern recognition, behavioural anomaly detection, and investigative insight.
• Excellent leadership and mentoring skills with the ability to drive performance and accountability.
• Experience in handling large data sets, MIS generation, and thematic reporting for internal and external stakeholders.
• Ability to drive cross-functional collaboration with Compliance, Risk, Operations, and Technology teams.
• Imparting training on various scenarios, patterns, developments for knowledge enhancement
• High focus on quality, attention to detail, and proactive issue resolution.
• Ensuring timely submission of various Regulatory Filings to FIU-IND, RBI. Regular submission of MIS to the Senior Management and various other verticals.