Transaction Monitoring Analyst - City of London, United Kingdom - MARKET TALENT

MARKET TALENT
MARKET TALENT
Verified Company
City of London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

We are hiring for an International Bank's compliance team for a Fixed Term Contract
(initially 6 months with a view to be extended to 12 months and ongoing - depending on performance).






NOTE:
YOU MUST BE LONDON BASED AS THIS ROLE IS NOT REMOTE


We are seeking a Transaction Monitoring Analyst with at least 1-2 years of experience to assist the team with high - risk transactions as well as reviewing alerts, escalating where necessary.

This role reports directly to the Head of Compliance and MLROwith the following responsibilities:


Key Responsibilities

  • As a Transaction Monitoring Analyst, you will be responsible for reviewing transactions to identify any Money Laundering or Terrorist Financing cautionary flags and rapidly dispositioning them after review and annotating adequate comments
  • You will also be required to look at Sanction screening system and daily alerts from time to time. This will means extensively checking the information of the listed sanctions entity with the information of the system. Where ever required escalating thereview to the next level.
  • You will be responsible for perform riskbased reviews on; enhanced due diligence cases, Suspicion activity cases and transaction monitoring cases, to analyze trends and mitigate ML/TF risks with clear and concise narrative.
  • You will be responsible in producing regular MIs and creating regular user friendly reports. Extensive involvement in reviewing data trends and thresholds to ensure efficiencies are created to effectively dispose the alerts.
  • Ensure Compliance with bank's AML and CTF policy, process and procedures and ensure that the processes and procedures are embedded in the day to day working of the business and the staff is aware of the contents
  • At times you will be performing gap analysis and identifying AML and/or Compliance/Regulatory issues compared to the laws and regulations in force
  • Tracking of Monitoring findings and follow up on agreed action points for completion of remedial actions
  • Assist with other duties as assigned by the Head of Compliance, MLRO periodically

We are looking for:


  • Practical knowledge of JMLSG, AML Regulation and Proceeds of Crime Act
-
You must have knowledge in AML domain with preferably years of work experience in compliance:

  • Minimum A level or equivalent
  • Around 3 years banking industry experience
-
year transaction Monitoring / screening experience:

  • Any certifications in AML / financial crime will be welcome
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