At a Glance
- Tasks: Lead a team in transaction monitoring and fraud detection to safeguard against financial crime.
- Company: Join the Bank of London, a cutting-edge UK clearing bank with a focus on innovation.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on collaboration and operational excellence.
- Why this job: Make a real impact in banking technology while ensuring compliance and security.
- Qualifications: 12+ years in financial crime operations with expertise in transaction monitoring.
The predicted salary is between 100000 - 140000 £ per year.
Office Location: London | Hybrid (3 days in office) | Salary Range: £100,000 - £140,000
Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.
The role is a key leadership position, reporting into the Financial Crime Operations Director and responsible for overseeing a key element of the Bank’s control framework. You will play a pivotal role in managing high-volume transaction processing, driving digital transformation, ensuring regulatory compliance, and delivering outstanding service to our payment firm clients including BaaS use cases supporting retail. You will also lead on the ongoing development, enhancement and calibration of our transaction monitoring infrastructure.
We are seeking a proactive and experienced Head of Transaction Monitoring to lead our 1LOD TMS Operations team. This senior role is critical in safeguarding the firm against financial crime by ensuring effective transaction monitoring, screening, and fraud detection, and timely escalation of suspicious activity. You will lead a team of analysts, own the end-to-end calibration of transaction monitoring rules, and support the development of financial crime controls for new and existing products. The role also demands strong hands-on experience with LexisNexis tools.
You’ll bring strong communication skills, a collaborative mindset, and a proven ability to navigate complex problems. Success in this role will require resilience, an ability to prioritise, stakeholder management skills and an appetite to be challenged. You’ll thrive in a dynamic environment where responsiveness, relationship management, and operational excellence are key.
Requirements
- 12+ years' experience in financial crime operations, with significant time spent in Transaction Monitoring and/or Fraud prevention
- Deep knowledge of Lexis Nexis TM systems, logic and typologies, ideally in a fast-moving environment
- Experience with NBFIs, in particular EMIs
- Demonstrated expertise using ComplyAdvantage and LexisNexis platforms
- Prior experience owning TM rule calibration and scenario tuning
- Experience designing or supporting financial crime controls in new product launches
- Strong people management skills with a track record of leading high-performing teams
Senior Operations Manager - Transaction Monitoring & Screening in London employer: Bank of London
At Bank of London, we pride ourselves on being a forward-thinking employer that champions innovation and security in the banking sector. Our hybrid work model fosters a balanced work-life environment, while our commitment to employee development ensures that you will have ample opportunities for growth and advancement. Join us in London, where your expertise in transaction monitoring will not only safeguard our clients but also contribute to a culture of excellence and collaboration.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Operations Manager - Transaction Monitoring & Screening in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of London. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Operations Manager - Transaction Monitoring & Screening in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of London.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of London's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bank of London
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of London.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bank of London will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of London employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
