Job Description
Role Responsibilities
Processes
• Review Trade Fraud risk events/ cases and clearly articulate and document QCO outcomes and risk findings to various stakeholders in line with the Bank s risk-based approach and QCO AA guidance.
• Identify financial crime risk, potential trade fraud and anti-money laundering patterns through timely, review of closed investigations in line with DOI/Guidance and QCO processes notes to ensure cases are appropriately dispositioned.
• In line with Group AAA procedures and appropriate Country Addendums, conduct robust Quality Control Outcome (QCO) reviews in a timely manner producing good quality assessments with appropriately calibrated Error classification (including error themes) for Trade Fraud cases.
• Undertake specialist QCO reviews to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures as related to the trade workstream.
• Ensure that changes in Trade Risk Management processes are appropriately socialised within the QCO team and ensure the QCO processes for trade fraud are aligned to all core operating processes.
• Follow the Trade Fraud and QCO AA internal processes, deploying sound analytical skills to produce balanced judgements, which are fully documented and clearly articulated.
• Maintain, develop and recommend (for approval by the relevant Risk Committee), appropriate policies / processes for Financial Crime Surveillance QCO and input into wider areas for the FCSU where concerns/gaps are identified through QCO reviews.
• Ensure that the relevant DOIs and Guidance notes for QCO are up to date, in line with processes and procedures and clearly outline the operating framework, align to Functional DOIs and the associated regulatory requirements / Country Addendums.
• Support the Unit Head QCO AA through individual accountability for Trade Fraud QCO processes ensuring to review existing assurance practices periodically and ensure that the QCO approach is always adequate and relevant.
• Propose control improvements, enhancements and simplifications where appropriate.
• Maintain independence (from FCSO Functions) and provide accurate and dependable input to the Head QCO AA on capabilities/processes of the FCSO and QCO processes.
• Contribute to continuous improvement by identifying and highlighting emerging error trends/ themes and providing analysis relevant to the specific workstreams and providing appropriate feedback.
Processes
• Review Trade Fraud risk events/ cases and clearly articulate and document QCO outcomes and risk findings to various stakeholders in line with the Bank s risk-based approach and QCO AA guidance.
• Identify financial crime risk, potential trade fraud and anti-money laundering patterns through timely, review of closed investigations in line with DOI/Guidance and QCO processes notes to ensure cases are appropriately dispositioned.
• In line with Group AAA procedures and appropriate Country Addendums, conduct robust Quality Control Outcome (QCO) reviews in a timely manner producing good quality assessments with appropriately calibrated Error classification (including error themes) for Trade Fraud cases.
• Undertake specialist QCO reviews to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures as related to the trade workstream.
• Ensure that changes in Trade Risk Management processes are appropriately socialised within the QCO team and ensure the QCO processes for trade fraud are aligned to all core operating processes.
• Follow the Trade Fraud and QCO AA internal processes, deploying sound analytical skills to produce balanced judgements, which are fully documented and clearly articulated.
• Maintain, develop and recommend (for approval by the relevant Risk Committee), appropriate policies / processes for Financial Crime Surveillance QCO and input into wider areas for the FCSU where concerns/gaps are identified through QCO reviews.
• Ensure that the relevant DOIs and Guidance notes for QCO are up to date, in line with processes and procedures and clearly outline the operating framework, align to Functional DOIs and the associated regulatory requirements / Country Addendums.
• Support the Unit Head QCO AA through individual accountability for Trade Fraud QCO processes ensuring to review existing assurance practices periodically and ensure that the QCO approach is always adequate and relevant.
• Propose control improvements, enhancements and simplifications where appropriate.
• Maintain independence (from FCSO Functions) and provide accurate and dependable input to the Head QCO AA on capabilities/processes of the FCSO and QCO processes.
• Contribute to continuous improvement by identifying and highlighting emerging error trends/ themes and providing analysis relevant to the specific workstreams and providing appropriate feedback.
💡 Quick Summary
Seeking a career-building opportunity? The apply now Manager| Quality Control Outcome AA position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.