Transaction Monitoring Implementation

About Transaction Monitoring Controls & Strategy

The Transaction Monitoring Controls & Strategy provides the capabilities to devise and execute Transaction Monitoring (TM) Programme and Strategy that enables B- to;

• Maintain, enhance and govern TM capabilities across all business lines
• Meet its regulatory obligation to effectively monitor customer transactions, identifying potentially suspicious activity
• Ensure that the TM automated solutions are suitably fit for purpose, maintained, and optimised in accordance with the requirements of B's risk appetite

This position will have a key role in contributing and delivering the FC Transactional Monitoring (TM) optimisation and strategy for in scope B International (BI) business. The role will focus predominantly on the implementation and optimisation of Surveillance TM solutions

• Implementing, optimising, and tuning TM systems (Mantas/Actimize/Quantexa) or similar financial crime controls
• Working in a regulated business environment with governance, control, and risk management exposure, ensuring adherence to action and escalation procedures
• Experience using analytical tools for data exploration, analysis, and visualization
• Maintain detailed documentation of all models, processes, and findings.
• Monitor and report model performance and identify potential issues or biases.

• Work closely with consumers of Internal Model Validation teams to ensure model capabilities and limitations are understood correctly.
• Provide ongoing guidance and support to business and technical stakeholders – acting as an interpreter between business and technical areas, explaining requirements and translating technical subject matter where appropriate.
• Maintain strong relationships with the broader Financial Crime team and agenda to inform/leverage future capabilities and drive requirements with the team.
• Promote an environment of high quality of delivery and continuous improvement – with particular focus on standardising, automating and optimising processes,
• Follow appropriate governance and oversight requirements, maintaining a correct audit trail where required.

• Challenge existing processes and capabilities within the team, initiate and encourage improved ways of working to make the TM model development, design and approval process smooth.
• Continuously identify relevant data sources to meet Financial Crime priorities based on the limitations of existing dataset, market leading developments and direct stakeholder feedback.
• Work with teams in multiple business areas

• Appreciation of financial crime, AML, and transaction monitoring/detection systems and processes, including AML and terrorist financing trends and typologies
• Excellent verbal and written communication skills, with a considerable record of building relationships and engaging with technical and non-technical stakeholders across functions
• Experience developing data visualizations/dashboards, preferably with Tableau.
• In-depth understanding of financial institution data (e.g., customer/account, transactional, payment),systems, and flows.
• Understanding of statistical concepts such as descriptive statistics, sampling, classification etc. and its application towards setting up and optimizing TM systems