At a Glance
- Tasks: Analyse transactions to spot suspicious activity and enhance monitoring processes.
- Company: Join B4B Payments, a leading global financial services tech company.
- Benefits: Enjoy 25 days annual leave, wellness days, and health care plans.
- Other info: Collaborative team culture with opportunities for learning and development.
- Why this job: Make a real impact in the fight against financial crime while growing your career.
- Qualifications: 1-2 years in AML/CTF with strong analytical skills and attention to detail.
The predicted salary is between 36000 - 60000 € per year.
Job Title: Transaction Monitoring Analyst
Location: Chester (3 days in the office as per company policy)
Term: Permanent
Salary: TBD dependent on experience
Reports to: Fraud and Financial Crime Manager
About us
B4B Payments is a multi-award-winning, global financial services technology company offering an advanced transaction payments platform and APIs for emerging payments and financial services. Our flexible technology and comprehensive services include embedded finances, payment accounts, FX, rapid payouts, physical and virtual card issuing, and BIN sponsorship.
With over 18 years of expertise in payments, B4B Payments is headquartered in the UK. In Europe, B4B Payments is regulated as an e-money institution (EMI) authorised by the Financial Conduct Authority (FCA) and the Bank of Lithuania and is a Mastercard® Principal Member.
B4B Payments’ US division (B4B Payments USA, Inc. ) is based in Boston, MA, and specialises in enabling companies to reduce costs and increase efficiency in managing corporate expenditure and global payouts.
B4B Payments Europe and US divisions offer full and partial program management and support, in addition to comprehensive technical, regulatory, and service support to fintechs looking to launch or grow domestically and internationally.
B4B Payments is a Banking Circle Group company. A next-generation financial technology platform for global commerce, Banking Circle Group comprises a rich set of complementary e-commerce solutions. From international cross-border payments, accounts and liquidity management, and embedded finance to business payments & card issuing, B2B Buy Now Pay Later, and account-to-account payment methods, the ecosystem is delivering modern financial solutions to some of the largest and most successful companies around the world, as they accelerate the digitalisation of their customer and supply-chain.
About the role
The main responsibility of the Transaction Monitoring Analyst will be to conduct thorough reviews of transactions to identify and investigate potential suspicious activity by analysing patterns, conducting investigations and where necessary reporting any findings as necessary to comply with regulatory standards and internal policies.
The successful candidate will assist by identifying risks and suggesting improvements to existing processes.
Responsibilities
- Analyse alerts generated by the retrospective transaction monitoring tool to detect any unusual patterns in transactional data.
- Conduct a thorough review and analysis of clients\' activity based on KYC/CDD information and provided documents.
- Compile and send requests for Information (RFI) when further clarity is required during an investigation
- Contribute actively to the ongoing enhancement of monitoring rules by identifying emerging trends and proposing innovative monitoring scenarios. This entails closely monitoring industry developments, analysing data patterns, and collaborating with cross-functional teams to develop proactive measures that align with regulatory requirements and mitigate emerging risks effectively.
- Perform risk-based transaction reviews in line with AML policies and procedures.
- Identify and promptly report any suspected money laundering or terrorist financing red flags to the MLRO Team.
- Contribute to the preparation of monthly reports and trend analysis as required.
- Develop and maintain a comprehensive understanding of other regulatory aspects of the business, including payment services, e-money, data protection, and the Payment Services Directive.
- Undertake additional ad-hoc tasks or projects as directed by the Fraud and Financial Crime Manager or Senior Analysts where required.
Requirements
Essential (Need to have)
- Experience of AML/CTF/Sanctions area within the regulated financial sector with 1-2 years of relevant experience in transaction monitoring.
- Good knowledge of AML best practices and desire to grow.
- Strong analytical and problem-solving qualities and attention to detail.
- Excellent communicator in spoken and written English.
- Strong business ethic and able to work to deadlines.
- Ability to operate proactively, while working alone or as part of a team.
- Excellent time management
- Accountability and ownership of assigned tasks.
Desirable (Nice to have)
- Previous experience working with business clients is advantageous.
- Knowledge of payment cards
What we offer
- 25 days annual leave
- Annual wellness day off
- Access to retail & other discounts
- Vitality health care plan
- Access to ‘’Nous Finance-a smart way to save money’’
- Learning & development support
- Ride-to-work scheme
- Employee assistance programme
- Regular socials and relaxed working environment
Make a difference:
We’re always on the lookout for talented individuals to help take us further – It’s important to us to hire the right people in the right role.
Equality: We strive to create a workplace that reflects the diverse communities we serve and where everyone feels empowered to bring their full, authentic selves to work.
Teamwork: The strength of our team does not only lie in our combined experience and expertise but our ability to trust each other, no matter what. We understand that our best work is not produced by individuals but by enjoying collaboration as a team and supporting each other every day.
Quality: We provide award-winning solutions and unsurpassed service that, together, deliver premium value to our customers.
Innovation: Redefining the standard of excellence is in everything we do. Therefore, we are open to ideas that challenge the conventional views and drive innovation. The only constant in life is change and we believe that in order to stay relevant we must continuously improve and evolve with the changing needs of society.
Trust: We strive to act in a manner that builds trust with our team, clients, business partners, and other stakeholders. We firmly believe that actions speak louder than words and transparency is key.
NOTE:
We kindly request that you contact us by submitting your CV, indicating your current location, and confirming your eligibility to work in the United Kingdom. We assure you that our team will promptly respond to your inquiry.
Please note that we are not considering inquiries or applications from Agencies. Additionally, we regret to inform you that we are unable to provide visa sponsorships at this time
Locations
Transaction Monitoring Analyst in Cheshire, Warrington employer: B4B Payments - A Banking Circle Group Company
B4B Payments is an exceptional employer, offering a dynamic work environment in Chester that fosters collaboration and innovation. With a strong commitment to employee growth, we provide extensive learning and development support, alongside competitive benefits such as 25 days of annual leave and a wellness day off. Our inclusive culture encourages diversity and teamwork, ensuring that every team member feels valued and empowered to contribute to our mission of redefining financial services.
Contact Detail:
B4B Payments - A Banking Circle Group Company Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Transaction Monitoring Analyst in Cheshire, Warrington
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of the team.
✨Tip Number 3
Practice your responses to common interview questions. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you articulate your experiences clearly and confidently.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in leaving a positive impression. Plus, it shows your enthusiasm for the role and keeps you on their radar.
We think you need these skills to ace Transaction Monitoring Analyst in Cheshire, Warrington
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction Monitoring Analyst role. Highlight your experience in AML/CTF/Sanctions and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit for B4B Payments. We love seeing enthusiasm and personality!
Showcase Your Analytical Skills:Since this role involves a lot of analysis, be sure to include examples of how you've used your analytical skills in previous positions. We’re looking for problem solvers who can think critically about transaction patterns.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at B4B Payments - A Banking Circle Group Company
✨Know Your AML Basics
Make sure you brush up on your Anti-Money Laundering (AML) knowledge before the interview. Understand the key concepts, regulations, and best practices in the industry. This will not only show your expertise but also your commitment to the role.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical skills to identify suspicious activity or improve processes. Be ready to explain how you approach problem-solving and what tools or methods you use to analyse data effectively.
✨Communicate Clearly
As a Transaction Monitoring Analyst, communication is key. Practice articulating your thoughts clearly and concisely. You might be asked to explain complex concepts, so being able to communicate effectively in both spoken and written English is crucial.
✨Demonstrate Team Spirit
B4B Payments values teamwork, so be prepared to discuss how you've collaborated with others in previous roles. Share examples of how you’ve contributed to team success and how you handle challenges within a team setting.
