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For Companies At a Glance
- Tasks: Monitor and investigate enterprise transactions to combat financial crime and fraud.
- Company: Join Paysend, a leader in innovative payment solutions for businesses worldwide.
- Benefits: Enjoy a dynamic work environment with opportunities for 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 or 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
Contact Detail:
Paysend 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 that Paysend uses. Understanding these systems will not only help you in your role but also demonstrate your proactive approach during interviews.
✨Tip Number 2
Stay updated on the latest trends and regulations in AML, KYC, and financial crime. This knowledge will be crucial in discussions with the compliance team and can set you apart as a candidate who is genuinely invested in the field.
✨Tip Number 3
Highlight any experience you have with data analysis tools like SQL or Python. Being able to analyze transaction data effectively is key for this role, and showcasing your skills in this area can make a strong impression.
✨Tip Number 4
Prepare to discuss specific examples of how you've identified suspicious activities or improved transaction monitoring processes in your previous roles. Real-life scenarios can illustrate your analytical mindset and problem-solving abilities.
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.
Showcase Relevant Certifications: If you have certifications like CAMS, CFE, or CFCS, be sure to include them in your application. Highlighting these credentials can set you apart from other candidates.
Prepare for Behavioral Questions: Anticipate questions about your problem-solving approach and ability to work independently or in a team. Prepare examples from your past experiences that showcase your attention to detail and communication skills.
How to prepare for a job interview at Paysend
✨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 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, including how you would initiate investigations and document findings.
✨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 in previous roles.
