Trade Transaction and Monitoring Manager

Reference

HJ/AR/065031

Sector

Banking, Finance & Insurance

Salary

£70,000 to £80,000 Per Annum

Town/City

Central London

Contract Type

Permanent

Closing Date

06/08/2024

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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.

Important Information: We endeavour to process your personal data in a fair and transparent manner. In applying for this role, Additional Resources will be acting in your best interest and may contact you in relation to the role, either by email, phone or text message. For more information see our Privacy Policy on our website. It is important you are aware of your individual rights and the provisions the company has put in place to protect your data. If you would like further information on the policy or GDPR please contact us.

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

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