Company: Bank
Location: Harrow, United Kingdom
Employment Type: Full-time
Description:
The job holder is required to have a strong AML and anti-financial crime background. The purpose of this role is to manage the transaction monitoring team, responsible for undertaking and analysing transactions for suspicious activity reporting.
• Manage the transaction monitoring team, responsible for investigating and assessing alerts of potential money laundering and financial crime risks to the Bank
• Manage workflows and establish, maintain and follow agreed to calendar, procedures for transaction monitoring
• Perform on-going review of the AML system used in generating alerts and provide constructive reports to Deputy Manger –Financial Crime Operations for system related changes for making the system/process more robust
• Review alert scenarios and thresholds for effectiveness and draft a report outlining any proposed changes and the impact
• Ensure efficient identification of suspicious activities and transactions
• Ensure high quality of investigations is maintained, providing… support and training to TM Associates to identify ‘red flags’ which may indicate potential suspicious activity when investigating alerts
Requirements:
• Background understanding of AML Transactional Monitoring environment with experience in financial crime
• Knowledge of regulatory rules and AML regulations
• Knowledge of financial services sector and sanction regimes
• Good experience of business activities and Compliance within banking especially linked to FCA/ PRA/ICO and other regulators
• Knowledge of retail and commercial banking products
• Experience in detailed analysis of customer transactions and making recommendations on next steps
Source: LinkedIn
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