Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Conduct transaction monitoring and investigations for trade-related products and payments.
- Company: Join a leading bank in the heart of London’s West End.
- Benefits: Enjoy a competitive day rate and the opportunity to work in a dynamic environment.
- Why this job: Make a real impact in financial crime management while developing your skills in compliance.
- Qualifications: No specific qualifications required, but a keen interest in finance and compliance is essential.
- Other info: This is a contract role for 3-6 months, perfect for gaining valuable experience.
The predicted salary is between 36000 - 60000 £ per year.
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!
Transaction Monitoring Analyst employer: Additional Resources Recruitment
Contact Detail:
Additional Resources Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transaction Monitoring Analyst
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards related to transaction monitoring, AML, and KYC. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the banking and financial crime sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled transaction monitoring or investigations in the past. Highlighting your analytical skills and experience with compliance will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work collaboratively by preparing examples of how you've successfully managed teams or projects. This is particularly important as the role involves mentoring other analysts and working closely with various stakeholders.
We think you need these skills to ace Transaction Monitoring Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Transaction Monitoring Analyst. Familiarise yourself with terms like EDD, KYC, and AML to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in transaction monitoring, compliance, or financial crime management. Use specific examples from your past roles that align with the job description to showcase your suitability for the position.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills and experiences make you a perfect fit for the responsibilities outlined, particularly in relation to compliance with FCA and NCA regulations.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in transaction monitoring.
How to prepare for a job interview at Additional Resources Recruitment
✨Understand the Regulatory Landscape
Familiarise yourself with the key regulations such as FCA, NCA, and HM Treasury guidelines. Being able to discuss these in detail will show your commitment to compliance and your understanding of the role's requirements.
✨Demonstrate Analytical Skills
Prepare examples of how you've conducted transaction monitoring or analysis in the past. Highlight your ability to identify patterns and anomalies in data, as this is crucial for a Transaction Monitoring Analyst.
✨Showcase Team Collaboration
Since the role involves working closely with the Head of Customer Due Diligence and other stakeholders, be ready to discuss your experience in team settings. Share instances where you successfully collaborated to achieve compliance goals.
✨Prepare for Scenario-Based Questions
Expect questions that present hypothetical situations related to transaction alerts or compliance breaches. Practice articulating your thought process and decision-making skills in these scenarios to demonstrate your problem-solving abilities.
