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- Tasks: Investigate and review transaction alerts to combat financial crime.
- Company: Dynamic financial institution with a focus on risk management.
- Benefits: Competitive daily rate, hybrid work model, and potential for contract extension.
- Why this job: Join a vital team fighting financial crime and make a real difference.
- Qualifications: Experience in transaction monitoring and strong analytical skills required.
- Other info: Fast-paced environment with opportunities for professional growth.
The predicted salary is between 42000 - 60000 £ per year.
We are seeking experienced Transaction Monitoring Analysts with demonstrable expertise handling end-to-end TM cases for complex and high-risk client segments. This includes Money Service Businesses (MSBs), Payment Service Providers (PSPs), and other financial institutions. A strong understanding of the inherent risks posed by these entities is essential for consideration, as well as experience escalating cases to the Second Line of Defence (2LoD) where appropriate.
Location: Hybrid / London (4 days in office)
Rate: £275 per day
Hours: Standard Business Hours
Start: ASAP
Duration: Initial 8‑week contract with likely extension or possibility of permanent opportunity
Responsibilities
- Conduct thorough reviews and investigations of alerts generated by transaction monitoring and name‑screening tools, in line with internal policies and procedures.
- Review, assess, and accurately disposition alerts within defined SLAs, documenting clear, concise, and well‑supported rationales.
- Review and manage escalations from 1LoD colleagues, determining appropriate next steps and ensuring timely resolution in accordance with internal procedures.
- Maintain accurate, complete, and auditable records of investigations, ensuring full traceability of decisions.
- Engage proactively with key stakeholders, including Payment Operations, CDD, Client & Growth, and 2LoD Financial Crime & Risk teams.
- Support the production, analysis, and enhancement of Management Information (MI) to strengthen monitoring and control frameworks.
- Take ownership of additional tasks, processes, or project work within the Transaction Monitoring & Screening team as required.
- Collaborate with wider anti‑financial crime teams to assess payment flows and identify emerging financial crime risk indicators.
Essential Skills & Experience Required
- Experience in end‑to‑end transaction monitoring in a commercial or wholesale banking environment.
- Similar experience within a clearing bank would be a distinct advantage.
- Must have experience monitoring high‑risk and complex client types, including MSBs, PSPs, and financial institutions.
- Strong understanding of financial crime risks.
- Experience with escalations cases to 2LOD.
- Familiarity with financial crime systems and alerting tools.
- Strong investigative and analytical skills with high attention to detail.
- Ability to make sound risk‑based decisions and clearly articulate rationale.
- Effective stakeholder management and communication skills.
- Ability to manage workload effectively and meet SLAs in a fast‑paced environment.
- Strong documentation and record‑keeping skills with an audit‑focused mindset.
- Proactive, collaborative, and adaptable approach to work.
Transaction Monitoring & Screening Analyst employer: Arena do Tempo - Celebrants in Portugal
Contact Detail:
Arena do Tempo - Celebrants in Portugal Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transaction Monitoring & Screening Analyst
✨Network Like a Pro
Get out there and connect with folks in the industry! Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Transaction Monitoring Analyst gig.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with high-risk clients and your knack for handling escalations. We want to see how your skills can directly benefit their team!
✨Prepare for the Interview
Do your homework on the company and its approach to financial crime risks. Be ready to discuss specific examples from your past work that demonstrate your investigative skills and attention to detail. We love seeing candidates who are genuinely interested!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for talented individuals like you to join our team!
We think you need these skills to ace Transaction Monitoring & Screening Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Transaction Monitoring Analyst role. Highlight your experience with high-risk clients and any relevant financial crime systems you've worked with. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about transaction monitoring and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your investigative and analytical skills. Give examples of how you've handled complex cases or made sound risk-based decisions in the past. We’re all about those details!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Arena do Tempo - Celebrants in Portugal
✨Know Your Stuff
Make sure you brush up on your knowledge of transaction monitoring and the specific risks associated with MSBs and PSPs. Be ready to discuss your previous experiences in handling end-to-end TM cases, as well as any escalations you've managed to the Second Line of Defence.
✨Showcase Your Analytical Skills
Prepare to demonstrate your investigative and analytical skills during the interview. You might be asked to walk through a case study or scenario, so think about how you would approach reviewing alerts and making risk-based decisions. Highlight your attention to detail and how it has helped you in past roles.
✨Engage with Stakeholders
Since stakeholder management is key for this role, think of examples where you've effectively communicated with different teams. Be ready to discuss how you’ve collaborated with operations, compliance, or financial crime teams to resolve issues or improve processes.
✨Document Your Success
Be prepared to talk about your documentation practices. Share how you maintain accurate records of investigations and ensure traceability of decisions. This will show that you have an audit-focused mindset, which is crucial for this position.