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About the Role

The Transaction Monitoring Associate is responsible for conducting detailed monitoring and analysis of client transactions to identify and mitigate risks associated with money laundering and financial fraud. This position requires diligence, analytical skills, and a deep understanding of KYC and AML regulations.

Responsibilities

• Conduct in-depth analysis of client transactions, scrutinising for unusual patterns or activities that might indicate money laundering, terrorist financing, or other financial crimes.
• Manage and investigate alerts generated by the transaction monitoring system, determining the legitimacy of transactions and escalating suspicious activities as per the established protocols.
• Identify and report on trends or patterns in transactional behaviour that could indicate emerging risks or areas of concern.
• Ensure all transaction monitoring activities are compliant with relevant AML regulations and internal policies.
• Stay updated with changes in regulatory requirements and adjust monitoring strategies accordingly.
• Assist in assessing the risk level of clients based on transaction activities, contributing to the overall risk profile analysis.
• Maintain accurate and comprehensive records of all monitored transactions and investigations for audit and regulatory purposes.
• Contribute to the continuous improvement of transaction monitoring processes and systems, suggesting enhancements for more effective monitoring and risk management.
• Work closely with the compliance and AML teams, providing regular reports on transaction monitoring findings and escalating issues as necessary.

Requirements

• Proven experience in transaction monitoring and corporate onboarding.
• A solid understanding of KYC law, regulations, compliance risk, non-financial risk, and documentation aspects of the KYC process, particularly for correspondent banking relationships.
• Strong analytical and organisational skills, with the ability to be a proactive and fast learner.
• Excellent communication skills, both written and verbal, with the capability to document relevant information in a clear, structured, and comprehensive manner.
• Ability to build and maintain relationships with colleagues and clients at all levels of seniority.
• A strong team player with robust work ethics.
• Resilient and committed with the ability to plan, prioritise, and work under pressure.
• Accuracy and diligence with a focus on delivering high-quality results within tight deadlines.
• An interest in financial markets, current events, and news.
• Command of MS Office applications and general computer proficiency.
• Excellent verbal and written communication skills.
• A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance.
• Adaptable, tenacious and flexible who can perform under pressure.
• Eligible to work in the UK.

Skills

• Transaction monitoring
• Corporate onboarding
• KYC
• AML
• Risk management
• Analytical skills
• Organisational skills
• Communication skills
• Teamwork
• MS Office

Location

• London

Work Type

• Permanent
• Full Time

Benefits

• 25 days’ annual leave, plus bank holidays
• An extra day off for your birthday
• Holiday loyalty scheme rewarding long-term service
• Work abroad scheme for added flexibility
• Competitive pension scheme via salary exchange
• Annual discretionary bonus scheme (eligible after probation)
• Financial education, planning & coaching platform
• Interest-free Season Ticket Loan for London travel
• Salary exchange nursery fee scheme
• Life Insurance
• Healthcare platform including: Cashback on dental, optical & physio, Virtual GP access, Mental health and stress support helplines, Additional wellbeing resources
• Enhanced parental leave
• Cycle to work scheme
• Flexible benefits that support everyday life
• Career development and progression tools
• Opportunities to grow within a fast-scaling international business

About the Company

• We believe that diversity and inclusion are essential to our success.
• We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences.
• By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.

Equal Opportunity

• We believe that diversity and inclusion are essential to our success.
• We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences.
• By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.