Senior Transaction Monitoring Analyst

Job Description

Company Introduction

Job Responsibilities and Duties

• Review corporate clients to assess AML and fraud risk;
• Monitor client transactions in line with the Monitoring Policy;
• Review incoming, outgoing, and internal payments to assess rationale;
• Conduct client sample testing in line with a defined program;
• Ensure compliance alerts are cleared in a timely fashion;
• Master various compliance platforms and systems to streamline department workflow;
• Identify suspicious activity and follow the process to report these where required;
• Be involved in the delivery of compliance projects ensuring technical excellence and a practical, business-driven approach;
• Stay updated by participating in educational opportunities and reading professional publications;
• Respond to queries from various business units promptly and efficiently;
• Liaise with internal and external parties in relation to RFI requests;
• Work with the front office/client services to give clear direction on customer due diligence requirements;
• Conduct in-depth analysis of multi-party payment flows and document the control framework;
• Review corporate, payment service providers, and merchant clients to assess AML and fraud risk;
• Develop and enhance the existing Transaction Monitoring Program to facilitate mass payment monitoring;
• Produce MI and reports to enable the business to assess key risks;
• Support the delivery of compliance training to new members of the department;
• Work closely with the Chief Compliance Officer to identify any major issues in relation to compliance;
• Onboard clients across multi-sectors and jurisdictions in line with internal policy and external guidance such as JMLSG;
• Strengthen the onboarding and monitoring controls to compensate for the enhanced risk that the diverse client base presents;
• Work with the Compliance Director to strengthen the management information going to the Board;
• Manage a team of Analysts and ensure they are receiving the necessary training;
• Ensure that the Company continues to operate within the agreed parameters set out with external parties;
• Continually develop and maintain a level of compliance, fraud, and AML expertise in the business;
• Assist the Compliance Director by providing guidance, regulatory and financial crime advice as required;
• Act as an escalation point for junior members of the team.

Experience

• Hold a Bachelor’s degree in Finance, Business, or a related field;
• A relevant professional certification (e.g., ACAMS, CFE), will be considered an asset;
• Have at least 3 years of experience in a similar role, preferably within the financial services industry, with a strong focus on EU and UK regulatory compliance and transaction monitoring;
• Demonstrate in-depth knowledge of EU and UK regulatory frameworks, including the 4th and 5th Anti-Money Laundering Directives, EU Funds Transfer Regulation, UK Money Laundering Regulations, and other relevant directives and regulations;
• Be familiar with transaction monitoring tools and systems and have the ability to leverage technology for efficient and effective monitoring in accordance with EU and UK standards.

Personal Skills

• Have excellent analytical skills;
• Strong problem-solving and decision-making abilities.