Transaction Monitoring Ops

Transaction Monitoring & Payment Screening Operations

What will you be doing as a Lead, Transaction Monitoring & Payment Screening Operations?

• Support with the refinement, optimisation and automation of system configuration to reduce false positives
• Monitor, review and complete detailed analysis and investigation of transactions referred for possible sanctions, fraud, money laundering (ML) & terrorist financing (TF) alerts
• Reviewing transaction alerts and assessing if permissible or requiring investigation
• Conducting thorough investigations of all system-generated sanctions, fraud and ML/TF alerts
• Owning individual alert cases and using case management tools in completing alert investigations within required timescales
• Collaborating with external correspondent banks to secure required data to be able to complete investigations of alerts
• Obtaining required evidence for investigations to ensure effective record keeping
• Support the UK fraud Manager with the amendment of rules and criteria to reduce noise and ensure valuable alerts are flagged accordingly
• Investigate and resolve any issues or discrepancies identified during the monitoring process.
• Support the UK Fraud Manager in ensuring compliance with relevant regulations, including fraud sanctions and anti-money laundering laws.
• Stay up to date with changes in regulations & legislation and industry best practices related to transaction monitoring and payment screening.
• Deliver meaningful data analysis and insights to drive process improvements.
• Support the bank with law enforcement requests in relation to financial crime.
• As number of business current accounts increases, thereby increasing the number of transactions and Transaction Monitoring & Payment Screening required: training, and continuously developing new starters in their career path to continually be able to deliver more for the bank at an ever-increasing level of subject matter, quality and overall performance

What do you need to excel in this role?

• Very detailed knowledge and a keen interest of the UK anti-money laundering and financial crime regulatory and legislative frameworks.
• Minimum 8-10 years previous experience UK banking experience in financial crime and knowledge of payment methods e.g. CHAPS, SWIFT, FPS, etc.
• Very detailed knowledge of other working areas of Financial Crime (CDD, PEP’s etc.)
• Strong experience of asking open questions to customers to identify required information.
• Strong ability to think outside the box and challenge peers in a constructive and timely manner.
• Strong ability to speak up when you have ideas to share in relation to process improvement, time management initiatives etc.
• A keen eye for detail, allowing you to identify potential risks to the bank and our customers.
• Very self-motivated, with a positive mind-set, having strong time-management skills.
• Strong inter-personal skills in order to work closely with the UK fraud Manager and other teams within the bank.