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- Tasks: Lead transaction monitoring and fraud processes, ensuring compliance and managing a high-performing team.
- Company: Join an innovative client in the PSD & EMI space, focused on financial integrity.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Make a real impact in fraud prevention while working in a fast-paced fintech setting.
- Qualifications: Proven leadership in transaction monitoring, preferably in a fintech or EMI environment.
- Other info: This role does not offer sponsorship and is not KYC-focused.
The predicted salary is between 43200 - 72000 £ per year.
THE COMPANY: We are working with an exciting client of ours who operate in the PSD & EMI Space currently. They are looking to hire a Head of Transaction Monitoring to refine and provide effective and efficient oversight of the fraud and transaction monitoring function. THE RESPONSIBILITIES:
- Lead and manage transaction monitoring and fraud processes, including the handling of potential fraud cases and the execution of post-transaction monitoring (rule-based, periodic, and event-driven reviews) in line with internal service level guidelines.
- Ensure compliance with all relevant regulatory obligations and internal policies and procedures. Report any potential or actual breaches to the Money Laundering Reporting Officers (MLROs).
- Maintain an up-to-date Business Continuity Plan (BCP) for transaction monitoring and support broader compliance operations as required.
- Manage and develop a high-performing transaction monitoring team, promoting a culture of compliance, accountability, and operational excellence.
- Oversee the identification, investigation, and escalation of suspicious activity.
- Ensure timely, accurate, and risk-appropriate responses to potential fraud or financial crime incidents in alignment with regulatory expectations and internal policies.
- Analyse trends and risks, providing actionable insights and recommendations to senior leadership.
- Drive the ongoing enhancement of transaction monitoring processes, with a focus on increasing efficiency and effectiveness through system upgrades and automation.
- Deliver regular training sessions on transaction monitoring and fraud prevention topics.
- Ensure timely implementation of corrective actions arising from compliance monitoring, audits, and incident reviews (internal or external).
- Represent the transaction monitoring function during internal and external audits.
EXPERIENCE REQUIRED:
- Proven experience in leading others in a transaction monitoring department.
- Experience in a fintech/ EMI environment is a must.
- Experience with developing and refining processes within the transaction monitoring and fraud space is highly desirable.
- Proven stakeholder management experience.
- THIS ROLE DOES NOT OFFER SPONSORSHIP.
- THIS ROLE IS NOT A KYC/ ONBOARDING FOCUSSED ROLE.
For further information, please contact Jordan White #J-18808-Ljbffr
Head of Transaction Monitoring (London) employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Transaction Monitoring (London)
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in transaction monitoring and fraud prevention. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving fintech environment.
✨Tip Number 2
Network with professionals in the fintech and EMI sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the Head of Transaction Monitoring role.
✨Tip Number 3
Prepare to discuss specific examples of how you've led teams in transaction monitoring. Highlight your experience in managing compliance and operational excellence, as these are key aspects of the role we're looking to fill.
✨Tip Number 4
Research our company culture and values at StudySmarter. Understanding what we stand for will help you align your responses during interviews and show that you're a great fit for our team.
We think you need these skills to ace Head of Transaction Monitoring (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in transaction monitoring and fraud processes. Emphasise any leadership roles you've held, particularly in fintech or EMI environments, to align with the job requirements.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and operational excellence. Discuss specific examples of how you've led teams and improved transaction monitoring processes, showcasing your ability to drive efficiency and effectiveness.
Highlight Regulatory Knowledge: Demonstrate your understanding of regulatory obligations related to transaction monitoring. Mention any relevant certifications or training that showcase your expertise in compliance and risk management.
Showcase Stakeholder Management Skills: Provide examples of your experience in managing stakeholders effectively. Highlight situations where you've successfully communicated complex information or collaborated with senior leadership to enhance transaction monitoring functions.
How to prepare for a job interview at Compliance Professionals
✨Understand the Regulatory Landscape
Familiarise yourself with the key regulations and compliance requirements relevant to transaction monitoring in the fintech and EMI space. Being able to discuss these during your interview will demonstrate your expertise and commitment to maintaining high standards.
✨Showcase Leadership Experience
Prepare examples of how you've successfully led teams in transaction monitoring or fraud prevention. Highlight specific achievements, such as improving processes or managing complex cases, to illustrate your capability in this role.
✨Emphasise Analytical Skills
Be ready to discuss your experience with analysing trends and risks in transaction monitoring. Provide examples of how your insights have influenced decision-making or improved operational efficiency in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about potential fraud cases you’ve handled and how you approached them, including your methods for investigation and escalation.
