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- Tasks: Lead investigations and ensure compliance in transaction monitoring and sanctions screening.
- Company: Join The Bank of London, a pioneering global clearing and transaction bank.
- Benefits: Enjoy competitive salary, generous leave, private medical insurance, and flexible working options.
- Other info: Dynamic team environment with opportunities for professional growth and development.
- Why this job: Make a real impact in financial crime prevention while developing your career in fintech.
- Qualifications: 2-3 years in AML/Fraud with strong knowledge of compliance frameworks.
The predicted salary is between 45000 - 55000 ÂŁ per year.
The Bank of London is a leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.
As part of the 2nd Line of Defense, the Financial Crime Risk Team sets the Bank's Financial Crime Risk Policies and Standards framework, is responsible for monitoring and oversight of compliance with policy requirements, providing subject matter expertise advice and guidance, and internal and external reporting obligations.
This Transaction Monitoring & Sanction Screening Analyst role ensures that AML/Fraud and TM and Sanction screening processes operate to the highest standard by providing onsite leadership, clear oversight, expert risk assessment, and continuous challenge ultimately safeguarding the organisation against money laundering and financial crime.
Job Requirements
- 2 â 3 years of relevant AML/Fraud and sanctions experience in fintech, financial services or regulatory environment
- Strong knowledge of typical AML/CTF/sanctions frameworks (e.g. OFAC), ML/TF typologies and riskâbased transaction & account monitoring and card scheme regulations
- Proven handsâon experience in alert clearing, holistic reviews, RFIs, escalations to MLRO/FCC and/or SAR/UAR support.
- Experience with process improvement initiatives (e.g. KYC/CDD), and policy & procedure development (e.g. list maintenance, STR/STRâequivalent drafting or review).
- Strong 2line discipline, comfortable managing queues, utilisation, SLAs and QA standards.
- Strong Crypto-assets or blockchain-related AML controls experience
What you will bring
- Be a resultsâorientated, selfâdriven individual with passion, enthusiasm, and ability to influence at all levels.
- At minimum, we expect you to have experience conducting similar reviews from either a FinCrime or AML Audit perspective.
- The successful candidate will also be able to demonstrate experience within Financial Services, particularly the payment industry or correspondent banking.
- Experience in performing Enhanced Due Diligence on regulated Financial Institutions and experience in performing Onsite reviews/Audits on regulated Financial Institutions and/or HighâRisk businesses are essential requirements.
- Furthermore, it is desirable if you have financial crime related professional qualifications and experience in developing processes.
- You have the ability to review financial crime policies and procedures in order to identify gaps and recommendations.
Job Responsibilities
- Perform QA reviews of Transaction monitoring and name screening cases based on the quality rubric, ensuring compliance with established guidelines.
- Perform endâtoâend financial crime investigations, including fundâflow analysis, client business information reviews, adverseâmedia checks and other sources.
- Collaborate with internal support teams across Data Analytics, Escalations teams, Financial Crime Compliance, to enhance processes and workflows.
- Present QA findings, insights, and recommendations persuasively to inspire positive change via weekly metrics/dashboards.
- Provide feedback on drafted procedures regarding areas of opportunity and how the procedures can be enhanced to increase clarity and consistent execution.
- Support 1LOD in addressing their queries on complex procedural requirements.
- Lead complex and highârisk investigations involving digital assets, coordinating crossâfunctionally to evaluate risk, recommend account and relationship actions, and ensure timely and highâquality regulatory reporting.
- Apply in-depth knowledge of regulatory requirements when reviewing unusual or complex cases/scenarios.
Job Benefits
- Competitive salary package
- 25 days annual leave plus Bank Holidays
- Holiday allowance that increases with length of service
- Enhanced company pension offering (up to 20% salary sacrifice)
- Competitive sick pay
- Life Assurance â 4x annual salary
- Private Medical Insurance with comprehensive cover for you and your family
- 24/7 GP service and private prescription ordering
- Virtual physiotherapy for muscles, bones and joint care
- Digital counselling and virtual mental health support
- 24/7 confidential Employee Assistance Programme
- Digital gym and guided meditation classes
- Discounted gym memberships
- Annual eye care test and contribution towards glasses
- Market leading parental leave
- Neonatal support
- Partner support for antenatal appointments
- KIT days and structured support when returning to work
- Flexible working (subject to agreement)
- Fresh daily fruit and snacks
- Biâweekly office breakfasts
- Peerâtoâpeer recognition programme with monthly value awards
- Clear goals and performance development framework
Diversity
The Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
Transaction Monitoring and Sanction Screening Analyst in London employer: Bank of London
Contact Detail:
Bank of London Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Transaction Monitoring and Sanction Screening Analyst in London
â¨Tip Number 1
Network like a pro! Reach out to folks in the financial crime risk space on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
â¨Tip Number 2
Prepare for interviews by brushing up on AML and sanctions frameworks. Be ready to discuss your hands-on experience with alert clearing and investigations, as these are hot topics!
â¨Tip Number 3
Show off your process improvement skills! Think of examples where you've enhanced workflows or developed policies. This will really impress the hiring managers.
â¨Tip Number 4
Don't forget to apply through our website! Itâs the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are keen to join us directly.
We think you need these skills to ace Transaction Monitoring and Sanction Screening Analyst in London
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Transaction Monitoring and Sanction Screening Analyst role. Highlight your relevant AML/Fraud experience and any specific skills that match the job description. We want to see how your background aligns with 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 financial crime risk and how your experience makes you a perfect fit for our team. Keep it engaging and personal â we love to see your personality come through!
Showcase Your Achievements: When detailing your experience, focus on your achievements rather than just responsibilities. Did you improve a process or lead a successful project? Share those wins! Weâre all about results here at StudySmarter, and we want to see yours.
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way to ensure your application gets into the right hands. Plus, it shows us youâre serious about joining our team. So, donât hesitate â hit that apply button!
How to prepare for a job interview at Bank of London
â¨Know Your AML Basics
Make sure you brush up on your knowledge of AML, CTF, and sanctions frameworks like OFAC. Being able to discuss these topics confidently will show that you understand the core responsibilities of the role.
â¨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully conducted financial crime investigations or improved processes. This will help demonstrate your hands-on experience and problem-solving skills.
â¨Understand the Tech
Since this role involves transaction monitoring and screening, be ready to discuss any relevant technology or tools you've used in previous positions. Familiarity with crypto-assets and blockchain-related AML controls will definitely give you an edge.
â¨Engage with Stakeholders
Think about how you've collaborated with different teams in the past. Be prepared to share examples of how youâve influenced change or provided guidance to others, as this role requires liaising with key stakeholders.