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For Companies At a Glance
- Tasks: Monitor and investigate Enterprise customer transactions to combat financial crime.
- Company: Join Paysend, a leader in innovative payment solutions for businesses worldwide.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Make a real impact by enhancing financial security and compliance in a fast-paced industry.
- Qualifications: Bachelor’s degree preferred; 3-4 years in transaction monitoring or AML compliance required.
- Other info: Experience with data analysis tools like SQL and Python is a plus.
The predicted salary is between 36000 - 60000 £ per year.
What’s the role about
Paysend is looking for an experienced Transaction Monitoring Analyst with direct experience in B2B, Enterprise, Correspondent Banking, financial services aggregators, or downstream merchant payment solutions. As an Enterprise Transaction Monitoring Analyst, you will Monitor Enterprise Customer activity, using Paysend’s transaction monitoring systems and other suite of tools to identify, monitor and mitigate money laundering, fraud, terrorist financing, and broad financial crime risk. You will aid in identifying direct customer risk as well as risk associated with underlying indirect customers and their payment flows. You will support the day-to-day work of second line Enterprise compliance team and help assess, develop, and enhance the Enterprise control environment. You will have the opportunity to design controls from scratch, building new rule-based monitoring into the existing systems and tools. As well as assessing the efficacy of the existing controls to ensure Paysend and our customers operate in the safest possible environment.
What you’ll be doing
- Review Enterprise/B2B transaction monitoring alerts escalated by tier 1 analysts, systems, and reports.
- Conduct in-depth investigations of flagged transactions to determine the validity of the alerts.
- Identify patterns and trends that may indicate suspicious activities, such as money laundering, fraud, or terrorist financing specific to Enterprise fund flows
- Initiate proactive investigations according to internal processes, market trends, proactive research or any other red flags.
- Document findings and prepare detailed investigation reports.
- Maintain accurate and comprehensive records of all investigations.
- Apply analytic techniques to complex cases to make logical and supported recommendations.
- Monitor and escalate anomalies or material issues to the Transaction Monitoring Team Lead.
- Report suspicious activities to relevant authorities in compliance with regulatory requirements.
- Ensure investigations adhere to internal policies and procedures, as well as external regulatory requirements (e.g., AML, KYC, OFAC).
- Work closely with Compliance and Risk to address and resolve issues.
- Communicate findings and provide recommendations to senior management.
- Identify opportunities to improve transaction monitoring processes and systems.
- Build new rules and controls by applying a risk-based approach based on your own analysis and data impact assessments.
- Maintain knowledge of the Enterprise payment environment, regulations, trends, and risks.
What you’ll need to be successful in the role
- Bachelor’s degree in finance, accounting, business administration, criminal justice, or a related field is preferred
- Experience in financial services, banking, or a regulatory environment
- Minimum of 3-4 years of experience in transaction monitoring, AML compliance, fraud investigation, or a related field.
- At least 2 years of direct experience in B2B/Enterprise transaction monitoring.
- Experience with data analysis tools (e.g., SQL, Python, Excel) to analyse transaction data is preferred.
- Experience building transaction monitoring rules and controls
- Experience assessing the efficacy of existing transaction monitoring controls and rules for B2B/Enterprise
- Analytical mindset capable of interpreting complex data and identifying patterns.
- Proven investigative experience.
- Excellent attention to detail and ability to work with large datasets.
- Proficiency in using transaction monitoring and case management systems.
- Knowledge of AML laws, regulations, and industry best practices.
- Effective communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Strong organizational and time management skills.
- Fluent in English, with exceptional verbal and written communication skills.
- A problem-solving approach, demonstrating a high degree of professional judgment, commitment, integrity, teamwork, and customer service.
Certifications (preferred but not required):
- Certified Anti-Money Laundering Specialist (CAMS).
- Certified Fraud Examiner (CFE).
- Certified Financial Crime Specialist (CFCS).
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Enterprise Transaction Monitoring Analyst employer: Paysend Group
Contact Detail:
Paysend Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Enterprise Transaction Monitoring Analyst
✨Tip Number 1
Familiarize yourself with the specific transaction monitoring systems and tools used in the industry. Understanding how these systems work will give you an edge during interviews, as you'll be able to discuss your experience and insights more effectively.
✨Tip Number 2
Stay updated on the latest trends and regulations in AML and financial crime prevention. Being knowledgeable about current events and changes in legislation will demonstrate your commitment to the field and your proactive approach to compliance.
✨Tip Number 3
Network with professionals in the financial services and compliance sectors. Attend industry conferences or webinars to connect with others in the field, which can lead to valuable insights and potential job referrals.
✨Tip Number 4
Prepare to discuss specific examples of your investigative work and how you've identified suspicious activities in past roles. Highlighting your analytical skills and attention to detail will help you stand out as a strong candidate for this position.
We think you need these skills to ace Enterprise Transaction Monitoring Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in transaction monitoring, AML compliance, and fraud investigation. Emphasize your analytical skills and any specific tools you've used, such as SQL or Python.
Craft a Strong Cover Letter: In your cover letter, express your passion for financial crime prevention and detail how your background aligns with the responsibilities of the Enterprise Transaction Monitoring Analyst role. Mention specific experiences that demonstrate your investigative skills.
Highlight Relevant Certifications: If you have certifications like CAMS, CFE, or CFCS, be sure to mention them prominently in your application. These credentials can set you apart from other candidates.
Showcase Communication Skills: Since effective communication is crucial for this role, provide examples in your application of how you've successfully communicated findings or recommendations in previous positions. This could include reports you've written or presentations you've delivered.
How to prepare for a job interview at Paysend Group
✨Showcase Your Analytical Skills
As an Enterprise Transaction Monitoring Analyst, your ability to interpret complex data is crucial. Be prepared to discuss specific examples where you've successfully identified patterns or trends in transaction data, and how those insights led to actionable recommendations.
✨Demonstrate Your Knowledge of Regulations
Familiarize yourself with AML laws, KYC requirements, and other relevant regulations. During the interview, highlight your understanding of these regulations and how they apply to transaction monitoring processes, as this will show your commitment to compliance.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Practice articulating your thought process when faced with suspicious transactions or anomalies, and how you would approach investigations while adhering to internal policies.
✨Highlight Your Technical Proficiency
Since experience with data analysis tools like SQL, Python, and Excel is preferred, be ready to discuss your proficiency with these tools. Share examples of how you've used them to analyze transaction data or build monitoring rules, as this will demonstrate your technical capabilities.
