Job Description

An overseas banking institution wish to recruit a transaction reporting officer to carry out the identification and reporting of suspicious transactions, patterns and trends and where required the escalation of potentially suspicious transactions to the MLRO this covers both transaction monitoring (post trade) and payment screening (pre trade).

Main Duties

Complete the Financial crime investigations independently with minimal supervision

Ability to provide detailed clear rationale including supporting evidence to clear any system generated alerts

Review "hits" for possible escalation to management within Operations and where appropriate Compliance/MLRO

Ability to liaise with Compliance and where appropriate Client on Boarding Team.

Timely management of Requests for Information (RFIs) that have been received

Actively work on ad-hoc and systemic project as necessary

Document, maintain and review processes and procedures relating to Transaction monitoring

Provide cross training to other staff members

Provide support to other team members in respect of issues identified as part of the transactional due diligence

Ensure all information is maintained in accordance with the Data Protection policy

As required produce any management information relating to alerts or as requested by Operations management

Experience Required

Experience of working with automated monitoring solutions and investigating system generated alerts

Proven ability to make judgements on first level investigation of alerts in line with financial crime risk

Relevant product knowledge (correspondent banking and trade finance) is required

A good knowledge and up-to-date understanding of the UK regulatory requirements relating to Financial Crime

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Consultant Details

Job Summary