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Financial Crime Transaction Monitoring Manager

  • Location: London
  • Salary: Competitive Salary + Benefits per year
  • Job Type:Permanent

Posted 11 months ago

  • Sector: Financial Crime & Fraud
  • Contact: Elisha Gath-Ghazaani
  • Contact Email:
  • Contact Phone: 0203 637 1609
  • Expiry Date: 05 October 2023
  • Job Ref: EG/10677(a)

MERJE is working exclusively with a bank specialising in the SME business banking space to help them find a Transaction Monitoring Manager to lead their Transaction Monitoring function.

You will be part of a growing Financial Crime team, helping assess, design and enhance payment screening and transaction monitoring systems.

Your primary responsibility will be to lead on all things Transaction Monitoring, but you will be expected to be involved in the day-to-day financial crime tasks to support the rest of the team.

Some key responsibilities/requirements include:

  • Support the MLRO in the day-to-day activities of the bank’s Transaction Monitoring, AML and Financial Crime Management arrangements.

  • Refinement and optimisation of system configuration to reduce false positives (tuning/recalibration/rules/thresholds etc.)

  • Support with the refinement and optimisation of system configuration to reduce false positives.

  • Conduct comprehensive reviews of transactional history of accounts flagged by system-generated alerts to determine the applicable course of action and help refine rules.

  • Liaison between onboarding analysts and sales/Relationship Managers in 1LoD to ensure understanding of the transaction monitoring process, maintaining a solid relationship and providing guidance to transaction monitoring criteria.

  • Acting as an escalation point for highly complex transaction alerts.

  • Experience in financial crime and knowledge of payment methods, e.g.-CHAPS, SWIFT, FPS, etc., potentially working within a payments or e-money regulated firm with exposure to transaction monitoring of corporate customers.

  • Understanding the financial crime risks prevalent when dealing with various corporate entity structures within the corporate, banking and payments environment.

  • Knowledge of how money flows between counterparties.

  • Detailed understanding of the MLD and JMLSG.

  • Confident in dealing with different departments and stakeholders.