Transaction Monitoring Lead

Kind Consultancy is working with a growing Alternative Financial Services business which is currently seeking a Transaction Monitoring Lead to join them in a full-time, permanent role paying up to £55,000 with a hybrid work model requiring 2 days per week in their Birmingham offices.

The Transactional Monitoring Lead will oversee transaction monitoring and customer screening functions, with key responsibilities including:

• Managing the end-to-end transaction monitoring and batch screening processes, including alert reviews, investigations, and escalation procedures.
• Ensuring operational output meets quality and timeliness standards, with robust controls in place.
• Regularly validating and calibrating ongoing monitoring systems and scenarios to ensure optimal performance.
• Analysing alert volumes, false positives, and detection thresholds to enhance system accuracy and efficiency.
• Monitoring industry trends and regulatory updates to ensure the system reflects the latest risks and industry best practices.
• Preparing detailed analysis and recommendations for the MLRO on system adjustments, rule changes, and emerging risks.
• Providing reports on system performance, key metrics, and compliance trends for senior management.
• Overseeing a team of ongoing monitoring analysts, ensuring high-quality operational output and adherence to regulatory standards.
• Providing mentorship, training, and development opportunities to team members.
• Collaborating with the Line 1 and Line 2 Financial Crime teams to address escalations and ensure alignment with broader Financial Crime programs.
• Functioning as a key point of contact for regulatory reviews, audits, and internal assessments related to ongoing monitoring.
• Ensuring procedures are up to date on at least an annual basis.
• Identifying opportunities to enhance the efficiency and effectiveness of transaction monitoring workflows.
• Implementing best practices for investigations, reporting, and system maintenance

Our ideal candidate for the Transaction Monitoring Lead opportunity:

• Has experience in transaction monitoring and batch screening, ideally in a managerial role within the banking or financial services sector.
• Possesses strong expertise in validating, calibrating, and optimising systems.
• Is familiar with ComplyAdvantage or similar AML and compliance platforms.
• Has a deep understanding of AML regulations and frameworks, including FATF, EU AML Directives, and equivalent.
• Has a proven ability to oversee and manage operational teams and outputs.
• Demonstrates excellent analytical skills with the ability to interpret data, identify patterns, and make strategic recommendations.
• Has effective communication skills, with experience preparing reports for senior stakeholders, including MLROs.
• Holding a relevant certification such as ACAMS, ICA, or equivalent would be highly desirable, as would experience with machine learning or advanced analytics in transaction monitoring systems.
• Has good knowledge of regulatory requirements across multiple jurisdictions

If you're interested in the Transaction Monitoring Lead role, you have the necessary skills, knowledge and experience, and you're based in or can commute to Birmingham, please apply with an updated CV today.