Transaction Monitoring Associate

Role Overview

• Detailed Transaction Analysis: Conduct in-depth analysis of client transactions, scrutinising for unusual patterns or activities that might indicate money laundering, terrorist financing, or other financial crimes.
• Alert Investigation and Resolution: Manage and investigate alerts generated by the transaction monitoring system, determining the legitimacy of transactions and escalating suspicious activities as per the established protocols.
• Trend Analysis and Reporting: Identify and report on trends or patterns in transactional behaviour that could indicate emerging risks or areas of concern.
• Compliance and Regulatory Adherence: Ensure all transaction monitoring activities are compliant with relevant AML regulations and internal policies. Stay updated with changes in regulatory requirements and adjust monitoring strategies accordingly.
• Client Risk Assessment: Assist in assessing the risk level of clients based on transaction activities, contributing to the overall risk profile analysis.
• Documentation and Record Keeping: Maintain accurate and comprehensive records of all monitored transactions and investigations for audit and regulatory purposes.
• Enhancing Monitoring Processes: Contribute to the continuous improvement of transaction monitoring processes and systems, suggesting enhancements for more effective monitoring and risk management.
• Collaboration and Reporting: Work closely with the compliance and AML teams, providing regular reports on transaction monitoring findings and escalating issues as necessary.

Requirements

• Experience: Proven experience in transaction monitoring and corporate onboarding.
• KYC and AML Knowledge: A solid understanding of KYC law, regulations, compliance risk, non-financial risk, and documentation aspects of the KYC process, particularly for correspondent banking relationships.
• Analytical Skills: Strong analytical and organisational skills, with the ability to be a proactive and fast learner.
• Communication Skills: Excellent communication skills, both written and verbal, with the capability to document relevant information in a clear, structured, and comprehensive manner. Ability to build and maintain relationships with colleagues and clients at all levels of seniority.
• Teamwork: A strong team player with robust work ethics.
• Resilience and Commitment: Resilient and committed with the ability to plan, prioritise, and work under pressure.
• Attention to Detail: Accuracy and diligence with a focus on delivering high-quality results within tight deadlines.
• Market Awareness: An interest in financial markets, current events, and news.
• Technical Proficiency: Command of MS Office applications and general computer proficiency.
• Excellent verbal and written communication skills.
• A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance.
• Adaptable, tenacious, and flexible who can perform under pressure.

Benefits

• 🌴 Time to Recharge
• 25 days’ annual leave, plus bank holidays
• An extra day off for your birthday
• Holiday loyalty scheme rewarding long-term service
• Work abroad scheme for added flexibility
• 💰 Financial Wellbeing
• Competitive pension scheme via salary exchange
• Annual discretionary bonus scheme (eligible after probation)
• Financial education, planning & coaching platform
• Interest-free Season Ticket Loan for London travel
• Salary exchange nursery fee scheme
• 🩺 Health & Wellbeing
• Life Insurance
• Healthcare platform including:
• Cashback on dental, optical & physio
• Virtual GP access
• Mental health and stress support helplines
• Additional wellbeing resources
• 👶 Family & Lifestyle Support
• Enhanced parental leave
• Cycle to work scheme
• Flexible benefits that support everyday life
• 🚀 Growth & Career Development
• Career development and progression tools
• Opportunities to grow within a fast-scaling international business
• 🎉 A Great Team Culture