About this role
Role Overview
- Perform first-level review of AML alerts to identify false positives and escalate genuine concerns for further investigation
- Managing multiple queues of account screening and real-time transaction screening alerts
- Conduct initial triage of transaction monitoring alerts
- Review basic customer account and due diligence information using internal systems and due diligence documentation
- Review alerted transactions and patterns and analyse for red flags
- Perform due diligence research using commercial databases and online open-source information
- Document rationale for clearing or escalating alerts
- Maintain high productivity while meeting quality standards
- Conducting thorough reviews of transactional histories for flagged accounts
- Document recipient interactions, any recipient issues or complaints, and outcomes immediately in LOCS
- Escalate significant red flags or concerns identified to senior team members, as appropriate
- Identify and escalate red flags indicative of financial crime or compliance vulnerabilities, contributing to the development of effective mitigation strategies
Requirements
- Strong educational background, Degree in Finance, Legal, STEM a plus
- 2+ years experience in Transaction Monitoring, with a proven record of conducting detailed investigations into high-risk financial activities
- Experience in reviewing alerts, analysing transaction data, and identifying red flags associated with suspicious activity
- Experience working with banks, payment processors, and/or FinTech’s either directly or working for a 3rd party providing consulting/outsourced services to these institutions
- Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regarding AML
- Familiarity with transaction monitoring systems
- Understanding of Financial crime guide / industry standards
- Understanding of suspicious activity identification and reporting regulatory requirements in the U.S., UK, and EU
- Experience reviewing international and cross-border payment activity
- Experience reviewing consumer and business transactions including cash activity, mobile payments, online payments
Benefits
- Health insurance
- 401(k) plan with a generous employer match
- Employee stock purchase plan
- Generous Paid Time Off policy
- Paid parental leave and adoption assistance
- Wellness Program supporting total well-being
- Free annual health screenings and coaching
- On-site workshops
- Ongoing programs recognizing major events in employees' lives