AML Transaction Monitoring Team Analyst

AML Transaction Monitoring Team Analyst

Until 31/03/25 (Extension Likely)

London Harbour Exchange

Hybrid Working

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We are happy to be recruiting for one of our high-profile Banking clients. They are currently looking for an AML Transaction Monitoring Team Analyst to join them for an initial contract running until the end of March 2025. However, there is good likelihood for extension.

Purpose of the Role:

To act as a subject matter expert for the first line of defence, within the three lines of defence model, conducting EMEA wide post transaction reviews and assessments. This is to protect the Bank from Fraud, Sanctions, and Financial Crime risks identified within these reviews and identify changing or suspicious client behaviour.

Role Background:

The function of this role is to act as an analyst within the London based Transaction Monitoring team, investigating alerts EMEA wide from the Banks monitoring systems in relation to transactions processed in the previous month. The role will also investigate the reactivation of any inactive or dormant accounts.This role may participate in strategic bank projects or be required to conduct system testing as required.The role will have a close working relationship with all of the processing areas, and Front Office RM's to aid transactional investigations.The role will need to work closely with all areas of the Compliance team (MLRO / Sanctions / Forensic), as a point of escalation, or to receive advice and guidance.

Accountabilities & Responsibilities:

• Investigate Alerts received in relation to suspicious transactions, and reactivated accounts. The analyst will make recommendations as to the relevancy of the alert and whether it should be formally raised to the 2nd line as a suspicious transaction.
• Participate as directed in the remediation of files identified as requiring additional work by the Compliance Monitoring Reviews, ensuring that the remediation is fully completed within the allowed timescale and any issues are escalated as soon as identified.
• Proactively contribute to improved Departmental performance, by identifying weaknesses / inefficiency in systems, workflow, and processes, suggesting enhancements and quantify the efficiency gains, be that from a financial perspective or from a customer experience / security aspect.
• To participate as directed in any ongoing projects as and when required, including system testing.
• Prepare MI as required.

Knowledge, Skills, Experience & Qualifications:

• The role requires a good understanding of the regulatory framework associated with Financial Crime / Sanctions / AML and to keep abreast of the changes to this.
• Previous experience of working within a financial crime investigations team in a financial institution would be a benefit.
• This role requires the holder to have a good operational knowledge of the transaction products processed on behalf of clients.
• Externally recognised qualifications in relation to Trade Based Money Laundering or AML are preferable. (e.g. ICA certificates)
• The role requires excellent communication skills both written and verbal and the ability to communicate complex issues and regulatory requirements to all levels of the organisation.
• The role requires the ability to prioritise Alerts, and to make sound judgements based on previous experience within a Financial Crime Operational area, and knowledge of regulatory guidance.

Location:

This is a hybrid working role, with a requirement to work from the clients London office 2-3 days a week. You will be required to be in office 3-4 days a week for the first couple of weeks whilst training commences.

Working hours:

Standard working hours with some flex where required.

If you feel that this is a role that would suit you then please apply today.

If you do not hear from us within 48 hours of your application, please assume that you have been unsuccessful on this occasion.

Pontoon Solutions are an equal opportunities company