Trade Transaction and Monitoring Manager
Location: London (Office Based)
Salary: £70k - £80k + Excellent Benefits
Job Type: Full-Time
The Client:
Our client is a leading foreign bank, they are recruiting a Trade Transaction and Monitoring Manager to join their team. You will take a leadership role in evaluating, designing, and optimizing payment screening and transaction monitoring systems for the bank.
The Role:
As a Trade Transaction and Monitoring Manager, you willplay a pivotal role in providing day-to-day support to our transaction monitoring teams.
Responsibilities:
- Collaborate with the MLRO (Money Laundering Reporting Officer) to support day-to-day activities in Transaction Monitoring, AML, and Financial Crime Management.
- Lead efforts in refining and optimising system configurations to decrease false positive alerts, including tuning, recalibration, rules, and thresholds.
- Conduct comprehensive reviews of transactional histories for flagged accounts, determining appropriate actions and refining rules as needed.
- Act as a bridge between onboarding analysts and sales/Relationship Managers, ensuring understanding of the transaction monitoring process and providing guidance on criteria.
- Serve as an escalation point for complex transaction alerts.
- Manage and mentor a team of Transaction Monitoring Analysts across various product lines, ensuring alignment with business strategy and risk appetite.
- Define and implement new transaction monitoring alerts for enhanced detection.
- Offer expertise in financial crime prevention, risk management, KYC/KYB (Know Your Customer/Know Your Business), and regulatory frameworks.
- Analyse financial crime and fraud data, identifying trends and anomalies for reporting to Group Head of Financial Crime and MLRO.
- Ensure the team follows escalation procedures, including internal Suspicious Activity Reports (SARs) submissions.
- Conduct one-on-one sessions, maintaining team engagement, motivation, and alignment.
- Provide support for complex investigations and contribute to group projects.
- Deliver training sessions to Transaction Monitoring Analysts, ensuring ongoing professional development.
- Offer suggestions for procedure enhancements based on company strategy and risk appetite, contributing to proactive fraud, money laundering, and sanctions prevention.
Requirements:
- Proven experience in transaction monitoring within a regulated environment.
- Compliance experience in the financial services sector.
- Strong understanding of financial crime risks encompassing money laundering, terrorism financing, sanctions, anti-bribery, corruption, and fraud.
- Ability to discern when policies and controls need refinement and the skill to develop and implement necessary enhancements.
- Highly engaged individual adept at driving change, influencing stakeholders, and inspiring proactive improvements.
- Advanced analytical skills leading to trend identification and precise data interpretation, coupled with meticulous attention to detail.
- In-depth comprehension of the customer journey from onboarding to transaction execution.
- Confident and clear communication with team members, senior stakeholders, and networking within the industry.
- Experience in a leadership role, showcasing successful team management.
Apply now to seize this great opportunity in a leading financial institution.
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Additional Resources Ltd is an Employment Business and an Employment Agency as defined within The Conduct of Employment Agencies & Employment Businesses Regulations 2003.
Keywords: Transaction Monitoring Manager, Transaction Monitoring, Compliance, AML, Analyst, officer, Manager