Our client, a leading bank with international exposure is looking for an experienced Head of Transaction Monitoring. The Head of TM is to work in the Risk and Quality department, with responsibility for non-financial risk areas. Primary responsibility will be development and enhancement of transaction monitoring framework, covering automated and manual monitoring. The role will involve you working with other departments including peers, senior stakeholders as well other international branches. This is an excellent opportunity for someone looking to further their skills in a fast-paced and challenging environment.
Responsibilities
The candidate should demonstrate sufficient capability and experience to lead the transaction monitoring work. Responsibilities include:
Use subject matter expertise to improve/enhance CEMEA Transaction Monitoring capability
Ensure detailed procedures maintained to cover assessment and dispositioning of all alerts handled by CEMEA transaction monitoring team (including timely escalation of cases linked to suspected criminal property (i.e. to MLRO))
Act as escalation point for (and provide guidance to) transaction monitoring team members
Ensure QC/QA on BAU, thematic or project activity undertaken by transaction monitoring team
Tracking on deliverables identified by QC / QA (1LoD or 2LoD), Internal Audit or other function
Oversee appropriate capability in transaction monitoring team
Ensure transaction monitoring outcomes inform periodic/event driven reviews of customer risk
Maintain collaborative working relationship with key stakeholders in local and international branches
Represent London branch at industry forums
Project management/development activity
Experience
Minimum of 7 years’ experience in transaction monitoring and AML, specifically in a UK corporate and institutional banking environment
Good awareness of FCA expectations of transaction monitoring in CIB and Markets environment
Proficient (as a user) of an automated transaction monitoring system
Knowledge of conducting negative news searches and usage of Adverse media tools
Able to demonstrate implementing procedures and improving transaction monitoring response. Identifying high risk factors and recommend solutions