Transaction Monitoring Associate

Overview of the role The Transaction Monitoring Associate is a vital role within our organisation, 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 a high level of diligence, analytical skills, and a deep understanding of KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. The ideal candidate will be proactive, detail-oriented, and committed to maintaining the highest standards of compliance and risk management. Key Responsibilities Detailed Transaction Analysis: Conduct in-depth analysis of client transactions, scrutinising for unusual patterns or activities that might indicate money laundering, terrorist financing, or other financial crimes. Alert Investigation and Resolution: Manage and investigate alerts generated by the transaction monitoring system, determining the legitimacy of transactions and escalating suspicious activities as per the established protocols. Trend Analysis and Reporting: Identify and report on trends or patterns in transactional behaviour that could indicate emerging risks or areas of concern. Compliance and Regulatory Adherence: 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. Client Risk Assessment: Assist in assessing the risk level of clients based on transaction activities, contributing to the overall risk profile analysis. Documentation and Record Keeping: Maintain accurate and comprehensive records of all monitored transactions and investigations for audit and regulatory purposes. Enhancing Monitoring Processes: Contribute to the continuous improvement of transaction monitoring processes and systems, suggesting enhancements for more effective monitoring and risk management. Collaboration and Reporting: Work closely with the compliance and AML teams, providing regular reports on transaction monitoring findings and escalating issues as necessary. Skills, Knowledge & Expertise Experience: Proven experience in transaction monitoring and corporate onboarding. KYC and AML Knowledge: A solid understanding of KYC law, regulations, compliance risk, non-financial risk, and documentation aspects of the KYC process, particularly for correspondent banking relationships. Analytical Skills: Strong analytical and organisational skills, with the ability to be a proactive and fast learner. Communication Skills: 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. Teamwork: A strong team player with robust work ethics. Resilience and Commitment: Resilient and committed with the ability to plan, prioritise, and work under pressure. Attention to Detail: Accuracy and diligence with a focus on delivering high-quality results within tight deadlines. Market Awareness: An interest in financial markets, current events, and news. Technical Proficiency: 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. Job Benefits We believe great people do their best work when they feel supported, rewarded, and empowered to grow. That’s why we offer a benefits package designed to support your career, wellbeing, finances, and life outside of work. 🌴 Time to Recharge 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 💰 Financial Wellbeing 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 🩺 Health & Wellbeing Life Insurance Healthcare platform including: Cashback on dental, optical & physio Virtual GP access Mental health and stress support helplines Additional wellbeing resources 👶 Family & Lifestyle Support Enhanced parental leave Cycle to work scheme Flexible benefits that support everyday life 🚀 Growth & Career Development Career development and progression tools Opportunities to grow within a fast-scaling international business 🎉 A Great Team Culture From sporting events and pub nights to seasonal celebrations and socials, we make time to connect and celebrate together. Diversity & Inclusion 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. What’s next? We will review your application and come back to you as soon as possible. You must be eligible to work in the UK to be considered for this position. Full background checks will be carried out on all successful candidates.