Transaction Monitoring & Sanctions Screening Officer – 12 month FTC

THE COMPANY:

Our client is a a global banking group with offices based in the City.  They are looking to hire a Transaction Monitoring Analyst on a 12 month FTC basis.

THE RESPONSIBILITIES:

Sanctions Screening

• Investigate and assess alerts for Sanctions and Financial Risk to the Bank.
• Ensure efficient review of screened transactions for Sanctions, Negative news and other operational Issues.
• Ensure transactions are reviewed on a timely basis and any backlogs must be escalated to the Head of the department and compliance.
• Ensure timely, efficient reporting of suspicious transactions to the MLRO.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Identify systemic procedural weaknesses and escalate to the Head of Transaction Monitoring
• Maintain a current understanding of Sanctions AML and terrorist financing issues, including policies, procedures, regulations, industry best practice and developing trends.
• Identify systemic procedural weaknesses and escalate to the Head of Transaction Monitoring
• Prepare weekly M.I. of agreed stats for the Transaction Monitoring Manager.
• Complete reporting activities and deliver to Head of Transaction Monitoring

Transaction Monitoring

• Investigate and assess alerts for potential money laundering risks in the Bank.
• Ensure efficient identification and monitoring of suspicious activities and transactions.
• Ensure transactions are monitored on a timely basis and any backlogs must be escalated to the Head of the department and remediated as per plan.
• Ensure timely, efficient reporting of suspicious transactions to the MLRO
• Complete daily assessment of transaction reports for potential suspicious activity.
• Complete activity assessments for Correspondent Banking specific activity.

Other  responsibilities

• Ensure where possible all alerts are cleared on a daily basis
• Ensure customers are contacted on a timely basis to investigate and clear alerts
• Ensure SARs are completed and reported to the MLRO
• Ensure any backlog is immediately escalated to the Head of Transaction Monitoring  and remediated as per plan
• Ensure that all MI and  reporting  to Head of Transaction Monitoring  is timely, compliant and accurate
• Resolution of queries from internal and external stakeholders, ensuring a swift response and compliance with the internal policy
• Maintaining and Keeping Procedures up to date against the ever-changing regulatory requirements
• Engage with management and stakeholders on any changes on the process
• Provide training to junior staff members

EXPERIENCE REQUIRED:

• Must have sanctions screening experience and ideally Transaction Monitoring experience too
• Strong analytical skills required to organize and analyse multiple, complex data sets as well as strong interpersonal and organizational skills.
• Proactive approach to look for solutions in relevant laws and regulations
• Computer literacy essential (Word, Excel).
• Strong technical skills analysing data and interrogating systems
• General understanding of market place AML issues and AML suspicious activity transaction monitoring systems.
• Strong ability to quickly grasp and understand business unit specific AML risks.
• Deadline driven with a strong attention to detail
• Strong, positive interpersonal skills and excellent written and oral communication skills
• Proven Team-player

For further information please contact Hannah Tabatabai