Transaction Monitoring Manager

Transaction Monitoring Manager

Location: London (Office Based)

Salary: £75,000 - £85,000

Full-Time position

Excellent Benefits

Our client, a leading foreign bank based in the West End of London is seeking a Transaction Monitoring Manager with 5 years of experience in client onboarding or transaction monitoring within a retail commercial bank or financial services company.to join their team.

In this role you will will play a critical role in ensuring the integrity and compliance of financial transactions in alignment with regulatory requirements. This role encompasses monitoring and analysing trade-related products, managing transaction monitoring and sanction reviews, and ensuring adherence to UK laws, FCA regulations, and anti-money laundering (AML) standards.

You will be responsible for:

• Collaboration & Support:

• Work closely with the Head of Customer Due Diligence and MLRO to oversee daily activities related to Transaction Monitoring, AML, and Financial Crime Management.

• Integrate relevant FCA, NCA, and HM Treasury regulations into the bank's procedures.

• Transaction Reviews:

• Conduct detailed reviews of transactional histories for flagged accounts, determining the appropriate actions and refining monitoring rules as necessary.

• Maintain knowledge on Enhanced Due Diligence (EDD), Know Your Customer (KYC), and compliance legislation.

• Team Management:

• Lead and mentor a team of Transaction Monitoring Analysts, ensuring alignment with the bank's strategy and risk appetite.

• Act as an escalation point for complex transaction alerts and oversee the effective resolution of monitoring alerts.

• Procedures & Enhancements:

• Review transaction monitoring procedures, offering suggestions for improvements to enhance fraud, money laundering, and sanctions prevention.

• Ensure timely and accurate release of false matches and manage Companies House monitoring alerts.

• Trade Transactions:

• Review and analyse trade transactions to identify any that breach the bank's anti-money laundering policies.

• Stakeholder Engagement:

• Build and maintain professional relationships with internal stakeholders, promoting higher regulatory standards and conducting training sessions as needed.

• Reporting & Compliance:

• Compile and present reports, ensuring compliance with internal standards and regulatory requirements.

• Oversee the implementation of Quality Control Processes and manage internal Suspicious Activity Reports (SARs).

What we are looking for:

• Experience & Expertise:

• Proven experience with higher-risk customers, products, and jurisdictions.

• Skills:

• Strong organisational skills and the ability to work independently with strict timelines.

• Excellent verbal and written communication skills, with a track record of effectively sharing information in a clear and professional manner.

• Knowledge:

• In-depth understanding of the customer journey from onboarding to transaction execution.

• Experience in compiling and interpreting compliance reports.

• Qualification:

• Experience in AML & Compliance or similar environments.

• Proven track record in transaction monitoring within a regulated environment.

This role demands a detail-oriented, proactive professional with strong leadership skills and a deep understanding of AML and transaction monitoring.

If you are adept at managing complex transactions and leading a team to maintain high compliance standards, this position offers a significant opportunity for impact and growth in the financial sector.

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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