Responsibilities:

• Support the TMPSOM with the design and assessment of payment screening and transaction monitoring systems and processes
• Support the TMPSOM with the design and implementation of rules to identify and prevent Money Laundering, Terrorist Financing and Sanctions Evasion
• Support with the refinement and optimisation of system configuration to reduce false positives
• Monitor, review and complete detailed analysis and investigation of transactions referred for possible sanctions, money laundering (ML) & terrorist financing (TF) alerts and support the TMPSOM in designing and documenting standard operating procedures and controls for 1st line Payments Screening
• Reviewing transaction alerts and assessing if permissible or requiring investigation
• Conducting thorough investigations of all system-generated sanction and ML/TF alerts
• Owning individual alert cases and using case management tools in completing alert investigations within required timescales
• Collaborating with external correspondent banks to secure required data to be able to complete investigations of alerts
• Communicating with customers where necessary to discount potential true matches
• Obtaining required evidence for investigations to ensure effective record keeping
• Support the TMPSOM with the amendment of rules and criteria to reduce noise and ensure valuable alerts are flagged accordingly
• Working with Transaction Monitoring, Customer Due Diligence, Customer Operations and Fraud Operations teams as required
• Liaising with 2nd line MLRO/Compliance team where necessary to gain advice on cases, to ensure the right outcome is delivered
• Investigate and resolve any issues or discrepancies identified during the monitoring process.
• Support the TMPSO in ensuring compliance with relevant regulations, including sanctions and anti-money laundering laws.
• Stay up to date with changes in regulations & legislation and industry best practices related to transaction monitoring and payment screening.
• For external launch and the expected increase of business current accounts, hire and manage Payment Screening Operations Analysts in line with resource requirements.
• Deliver meaningful data analysis and insights to drive process improvements.
• Complete Suspicious Activity Reports (SARs) including Defence Against Money Laundering SARs (DAML SAR) and Defence Against Terrorist Financing (DATF SARs).
• Support the bank with law enforcement requests in relation to financial crime. 

Requirements:

• Basic knowledge of the UK anti-money laundering and financial crime regulatory and legislative frameworks.
• 2-3 years banking experience in financial crime and knowledge of payment methods e.g.-CHAPS, SWIFT, FPS, etc.
• Basic knowledge of other working areas of Financial Crime (CDD, Fraud PEP’s etc.)
• Experience of asking open questions to customers to identify required information.
• A keen eye for detail, allowing you to identify potential risks to the bank and our customers.
• Very self-motivated, with a positive mind-set, having strong time-management skills.
• Strong inter-personal skills in order to work closely with the TMPSO and other teams within the bank.

Benefits & Perks:

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday
• Personalized benefits – opt-in to what matters to you
• Enhanced maternity and paternity leave
• Employee friendly cost-free social areas i.e., cereal bar, hot drinks; weekly takeaways
• Wellbeing and social events
• Support causes that matter to you – Volunteering time off
• Salary sacrifice schemes (Cycle to work, nursery, gym)