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. In this important role, the Financial Crime Risk Manager will directly report to the Financial Crime Risk Director & MLRO (MLRO) and support the maturing and embedding of the UK Bank’s financial crime risk framework, liaising with key stakeholders, and providing advice and challenge to the 1st line of defense teams.
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 – 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 risk‑based transaction & account monitoring and card scheme regulations
- Proven hands‑on 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/STR‑equivalent 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 results‑orientated, self‑driven 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 High‑Risk businesses are essential requirements.
- 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 end‑to‑end financial crime investigations, including fund‑flow analysis, client business information reviews, adverse‑media 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 high‑risk investigations involving digital assets, coordinating cross‑functionally to evaluate risk, recommend account and relationship actions, and ensure timely and high‑quality 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 – 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
- Bi‑weekly office breakfasts
- Peer‑to‑peer 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 employer: Bank of London
At Bank of London, we pride ourselves on being a forward-thinking employer that champions innovation and resilience in the banking sector. Our hybrid work model fosters a collaborative environment where employees can thrive, supported by competitive benefits such as enhanced pension schemes, generous leave policies, and a strong focus on personal development. Join us in London, where your contributions directly empower ambitious businesses and shape the future of banking.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction Monitoring and Sanction Screening Analyst
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