Transaction Monitoring Analyst

💫 Company | Banking

🧢 Role | Transaction Monitoring Analyst (Contract)

📍 Based | London (West End)

💰 Day Rate | FTC 3-6 Months

💻 Office Based

Job Summary

The Transaction Monitoring Analyst will be responsible for conducting routine and complex transaction monitoring, analysis, and investigations for trade-related products, payments, and sanctions reviews. The role covers all aspects of transaction monitoring, including Trade Finance Products, Customer Onboarding, reviewing payments through Swift TSS, and ensuring compliance with UK laws, FCA regulations, NCA, and HM Treasury.

Responsibilities:

• Collaborate with the Head of Customer Due Diligence and MLRO to support Transaction Monitoring, AML, and Financial Crime Management.
• Ensure compliance with FCA, NCA, and HMT regulations in bank procedures.
• Review transactional histories for flagged accounts and refine rules as needed.
• Stay updated on EDD, KYC, and Transaction Monitoring regulations.
• Manage and mentor a team of Transaction Monitoring Analysts, ensuring alignment with business strategy and risk appetite.
• Escalate complex transaction alerts and review transactions to confirm or clear matches.
• Suggest improvements to procedures for fraud, money laundering, and sanctions prevention.
• Review trade transactions for potential AML policy breaches.
• Submit SARs and ensure proper escalation procedures are followed.
• Build and maintain professional relationships with internal stakeholders and ensure effective communication.
• Oversee the execution of monitoring investigations and quality control processes.

Apply now for a short-term contract with a competitive rate!