Transaction Monitoring Risk Standards and Adherence Expert

We are looking for a driven and strategic professional who operates with a high level of autonomy within clearly defined product boundaries. In this role, you will be responsible for executing fact-based product risk assessments and defining the product roadmap for your scope, with the objective of maximizing business value through effective prioritization of product risks. 

You will take the lead in setting standards for Financial Economic Crime (FEC) product risk assessments and will be fully accountable for their execution. This includes coordinating activities across teams and managing a wide range of stakeholders, with particular attention to key functions such as Compliance and the FCFP organization. 

The role requires a strong ability to balance risk, regulatory requirements, and business objectives, while ensuring alignment with stakeholder needs. You will provide clear direction, drive delivery, and ensure high-quality outcomes across a broad and complex product landscape. 

The team 

Financial Crime & Fraud Prevention is part of COO and is a first line of defense organization and supports the standardization of related processes, enhanced controls, shared tooling, and the optimization of operations across all business lines, helping us to achieve a more robust Financial Crime Prevention & Fraud environment that will strongly contribute to ING’s overall response towards more stringent regulatory requirements in this area and beyond.  

Within Global FCFP, we are organized around services: Customer Due Diligence, Transaction Monitoring, Screening, Client Tax Services and Fraud Services. Next to the services, there are supporting functions (horizontals) that are critical in enabling the business and maintaining oversight and control.   

Within Transaction Monitoring Services and Risk Standards and Adherence (RSA) team, the role reports functionally to Risk Assessment and Scenario Design Lead located in ING Hubs, and hierarchically to Head of TM Services. 

The Global TM Risk Standards and Adherence Expert is responsible for contributing to and executing the Transaction Monitoring risk assessment and scenario design processes, which are critical to ING’s ability to understand and mitigate FEC risk, deter and detect financial crime, and comply with regulatory obligations globally and locally.  

Roles and responsibilities 

This role is responsible for identifying FEC risks based on regulations and FATF guidance, conducting and coordinating global and local TM Risk Assessments, defining risk driven behaviours and  translating them into TM scenarios, red flag guidance, analytics requirements, and business specifications, while partnering with countries, data scientists, and Product Leads; acting as gatekeeper for the Line of Sight from risks to implemented scenarios; and ensuring strong alignment with the 2nd Line of Defence to continuously mature TM ecosystems globally and locally. 

• Provide SME expertise to key projects in AML Transaction Monitoring domain, with primary focus on FEC Risk Assessments. 

• Review laws/regulations and FATF recommendation to identify FEC Risks 

• Provide support to countries based on local/country specific regulatory inquires. 

• Perform various TM deep dives and Risk Assessments to produce recommendations and solutions. 

• Define behaviours that need to be mitigated via TM scenarios 

• Define business requirements for TM scenarios based on identified Risks 

• Define the red flag guidance for TM investigators based on TM scenarios 

• Co-operate with Data Scientist to prepare various reports and analysis 

• Prepare requirements for Primary and Secondary Analytics for Transaction Monitoring 

• Own several RSA initiatives and lead them to successful implementation. 

• Be the SME for the Product (Area) Leads during the implementation of the TM Scenarios 

• Gatekeeper for both global and country specific Line of Sight from FEC Risk Assessments to implemented Risk Scenarios. 

• Ensuring alignment with 2nd line of defense.  

• Driving maturing of local TM ecosystems by supporting global & local TM Risk related assessments  

How to succeed 
We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.  

 You are an expert who will act as a behavioural role model with focus on delivery and content, displaying the following behaviours and skills: 

• 8+ years relevant work experience in large international banking environment with a strong knowledge of Wholesale and Retail Banking products 

• 8+ years in KYC/Compliance functions, with strong knowledge of KYC (CDD, Screening and Transaction Monitoring) in general and Transaction Monitoring in specific 

• Strong experience in working in a complex global matrix organization, with ability to interact with and drive progress amongst senior stakeholders 

• Knowledge of the ING organisation, products, processes, and application landscape strongly preferred 

• Fluent in English. 

• Bachelor’s or master’s degree in relevant field like criminology or equivalent work experience