At a Glance
- Tasks: Drive fraud monitoring strategies and optimise transaction monitoring tools.
- Company: Join a 150-year-old firm with a tech start-up vibe.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Other info: Fast-paced role with exposure to AI and industry trends.
- Why this job: Make a real impact in modernising transaction banking solutions.
- Qualifications: 5+ years in transaction monitoring or analytics; strong communication skills.
The predicted salary is between 94500 - 115500 £ per year.
We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Using modern technology built on the cloud, we are the alternative to legacy platforms. We provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments.
As part of TxB’s global financial crime risk team, you will help drive our fraud & client expected behaviour monitoring strategy and program, with execution responsibility for monitoring tools, risk models, rules, and reporting. You’ll serve as the transaction monitoring subject matter expert when evaluating new monitoring requests, ensure ongoing optimization of our monitoring tool landscape and efficacy, provide insights into industry trends including AI usage and data enrichments, and participate in monitoring assessment reviews/audits. Located in EMEA, you will also support in regional 1 LoD risk topics. You will report to the EMEA Head of Risk & Client Activity Monitoring.
We are looking for someone with lots of energy that has excellent communication skills, enjoys product and engineering challenges, and can operate in a highly fluid, rapidly changing environment.
RESPONSIBILITIES
- Serve as a transaction monitoring subject matter expert, with execution responsibility for transaction monitoring analytics, risk models, rules, and reporting.
- Contribute to our fraud risk model and our client expected behaviour monitoring strategy, with expertise in managing, building, and monitoring the effectiveness of tools and models across major payment categories and segments.
- Diagnose and resolve predictive and analytical transaction monitoring model performance issues.
- Collaborate with engineering and operations to create and execute a strategic roadmap of transaction monitoring activities and capabilities.
- Build and maintain strong relationships with stakeholders in product, engineering, operations, legal, and compliance to ensure transaction monitoring requirements are embedded within new products, features, or operational processes.
- Maintain external knowledge of industry trends, tools and emerging threats/risks as it relates to fraud risk & client expected behaviour monitoring.
- Manage multiple tasks and use sound judgment when prioritising.
- Establish trusted partnerships with peers, functional leads, and executive level stakeholders.
- Update and maintain documentation for team processes and best practices.
- Exceptional analytical skills and able to apply knowledge and experience in decision-making to arrive at creative and commercial solutions.
- Must be independent and comfortable in a fast paced, ambiguous, and often multi-directional work environment.
BASIC QUALIFICATIONS
- 5+ years of relevant professional experience in transaction monitoring strategy, product management, analytics or operations.
- Payment expertise in major transaction categories: ACH, wires, real time payments, deposits, lending, cards, etc.
- Strong program and project management skills; experience operating in an agile environment.
- Ability to lead cross-regional teams.
- Strong interpersonal and communication skills.
- Excellent organizational, time management and planning skills.
- Energetic, self-directed, and self-motivated.
- Fluent in English.
PREFERRED QUALIFICATIONS
- Experience with use of NICE Actimize IFM or other transaction monitoring solutions.
- Familiarity with sanctions screening obligations and techniques.
- Strong analytics experience, and can articulate and visualize complex data/analyses to stakeholders.
- Exposure to machine learning / AI (for unusual behaviour detection).
- Prior Transaction Banking/Commercial Banking or Financial Crimes experience.
Transaction Banking, 1st Line Risk - Fraud & Transaction Monitoring, Vice President, London employer: WeAreTechWomen
At Accenture, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. Our London office provides unparalleled opportunities for professional growth, with access to cutting-edge AI technologies and the chance to work alongside industry leaders. We are committed to your development, ensuring you have the resources and support needed to thrive in your role as a Senior Manager/Associate Director in AI architecture.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction Banking, 1st Line Risk - Fraud & Transaction Monitoring, Vice President, 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 WeAreTechWomen. 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 Transaction Banking, 1st Line Risk - Fraud & Transaction Monitoring, Vice President, 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 WeAreTechWomen.
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 WeAreTechWomen'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 WeAreTechWomen
✨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 WeAreTechWomen.
✨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 WeAreTechWomen 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 WeAreTechWomen 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.
