Transaction Monitoring and Sanction Screening Analyst

Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.

As part of the 2nd Line of Defence, the Financial Crime Risk Team sets the Bank’s Financial Crime Risk Policies and Standards framework, is responsible for monitoring and oversight of compliance with policy requirements, providing subject matter expertise advice and guidance, and internal and external reporting obligations. 

This Transaction Monitoring & Sanction Screening Analyst role ensures that AML/ Fraud and TM and Sanction screening processes operate to the highest standard by providing onsite leadership, clear oversight, expert risk assessment, and continuous challenge ultimately safeguarding the organisation against money laundering and financial crime.

Who we are looking for
We are looking for a results-orientated, self-driven individual with passion, enthusiasm, and ability to influence at all levels.  

At minimum, we expect you to have experience conducting similar reviews from either a FinCrime or AML Audit perspective. The successful candidate will also be able to demonstrate experience within Financial Services, particularly the payment industry or correspondent banking. Experience in performing Enhanced Due Diligence on regulated Financial Institutions and experience in performing Onsite reviews/Audits on regulated Financial Institutions and/or High-Risk businesses are essential requirements. Furthermore, it is desirable if you have financial crime related professional qualifications and experience in developing processes.

Responsibilities

•  Perform Quality Assurance (QA) reviews of Transaction Monitoring (TM), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Name Screening cases, ensuring compliance with regulatory requirements, internal policies, and quality standards. 
•  Conduct end-to-end financial crime investigations, including fund flow analysis, customer business profile reviews, adverse media screening, source of funds and source of wealth assessments, and transaction analysis. 
•  Conduct EDD reviews, quality assurance assessments, and investigations for Foreign Exchange (FX) customers and transactions, as well as Virtual Asset Service Providers (VASPs), identifying and assessing financial crime risks, customer risk profiles, ownership structures, and transaction activity. 
•  Investigate complex and high-risk cases escalated from the First Line of Defence (1LoD), thematic reviews, internal intelligence, and referrals from other stakeholders, applying strong risk-based judgement to determine appropriate outcomes and escalating suspicious activity to the Second Line of Defence (2LoD) Financial Crime Investigations team where necessary. 
•  Support the review and investigation of transaction monitoring alerts, unusual activity, and high-risk customer relationships, including those involving digital assets, ensuring timely and high-quality investigations and regulatory reporting. 
•  Provide guidance and support to 1LoD teams on complex procedural requirements, transaction monitoring processes, and financial crime controls.

Requirements

•  2 – 3 years of relevant AML/Fraud and sanctions experience in fintech, financial services or regulatory environment.
•  Strong knowledge of typical AML/CTF/sanctions frameworks (e.g. OFAC), ML/TF typologies and risk based transaction & account monitoring and card scheme regulations.
•  Proven hands on experience in alert clearing, holistic reviews, RFIs, escalations to MLRO/FCC and/or SAR/UAR support.
•  Experience with process improvement initiatives (e.g. KYC/CDD), and policy & procedure development (e.g. list maintenance, STR/STR equivalent drafting or review).
•  Strong 2line discipline, comfortable managing queues, utilisation, SLAs and QA standards.
•  Strong Crypto -assets or blockchain -related AML controls experience.
•  Strong Foreign Exchange (FX) AML controls experience.

Benefits

•  Competitive salary package
•  25 days annual leave plus Bank Holidays
•  Holiday allowance that increases with length of service
•  Enhanced company pension offering (up to 20% salary sacrifice)
•  Competitive sick pay
•  Life Assurance - 4x annual salary
•  Private Medical Insurance with comprehensive cover for you and your family
•  24/7 GP service and private prescription ordering
•  Virtual physiotherapy for muscles, bones and joint care
•  Digital counselling and virtual mental health support
•  24/7 confidential Employee Assistance Programme
•  Digital gym and guided meditation classes
•  Discounted gym memberships
•  Annual eye care test and contribution towards glasses
•  Market leading parental leave
•  Neonatal support
•  Partner support for antenatal appointments
•  KIT days and structured support when returning to work
•  Flexible working (subject to agreement)
•  Fresh daily fruit and snacks
•  Bi-weekly office breakfasts
•  Peer-to-peer recognition programme with monthly value awards
•  Clear goals and performance development framework

Diversity
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.