Transaction Monitoring

Job Description

• Review deposits, withdrawals, transfers, and trading activity to identify money laundering, terrorist financing, and market abuse red flags, via alerts generated by the transaction monitoring system
• In addition, assess if there is anything else unusual about a transaction, particularly based on experience of previous transactions
• Assess the relevance of the geographies of the remitter and beneficiaries of the transaction where there are grounds for suspicion or a requirement for guidance in relation to an alert
• Profiling of customers highlighted through the transaction monitoring alert process
• Ensure accurate, complete, and up-to-date internal documentation to provide evidence of decisions and reasoning based on the facts and the potential ML/FT risk identified.
• Communicate with relevant business line and other functional units
• Effectively investigate, document, and identify suspicious activity and use judgment for to determine if case needs to be escalated to L2 for further investigation and subsequent submission of a SAR/STR
• Produce accurate and quality work (90-95%) under tight deadlines and minimal supervision.

Primary Skills

• Minimum 5-9 years related banking, compliance, audit experience with a minimum of 3-7 years specific experience relating to transaction monitoring and alert dispositions according to specific banking policies and relevant AML legislations across NA, EU & APAC jurisdictions.
• Fluent in English (spoken and written).
• Maintain a working knowledge of anti-money laundering related requirements including BSA, USA Patriot Act, OFAC, SEC, FINRA, and other applicable US, UK EMEA regulations.

Secondary Skills

• Proficient in Microsoft Word, Excel, Outlook and PowerPoint 
• Ability to work in a high-pressure environment with strict tight deadlines
• Strong research and analytical skills

Skills (competencies)