Transaction Monitoring and Reconciliation Process Playbook

This detailed playbook provides project managers, financial analysts, compliance officers, and end users with a structured framework for managing transaction monitoring and reconciliation within an organisation. It includes:
– Step-by-Step Process Flow: Outlines essential subprocesses such as Transaction Monitoring, Reconciliation Process, Fraud Detection, and Review and Improve, with clear actions, decision points, and feedback mechanisms to ensure the accurate processing and reconciliation of transactions, while safeguarding against fraud.
– RACI Framework: Clearly defines roles and responsibilities for each task in the transaction monitoring and reconciliation process, ensuring that project managers, financial analysts, compliance officers, and end users are accountable and engaged at every stage, promoting a transparent and collaborative approach to managing financial processes.