Transaction Monitoring Senior Specialist

The Transaction Monitoring Senior Specialist 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.,

• 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.


• SAR and RFI knowledge: Work closely with the Transaction Monitoring Manager and DMLRO for tasks related to SARs and RFIs. Proven track record and experience with the aforementioned tasks.


• 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.
  
  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.
  
  Founded in 2005, IFX Payments has grown to become a leading global foreign exchange, payment and financial technology provider. It is our strategy to build a core group of strong long-term employees who can grow and develop within the business. Our employees have an opportunity to play a part in this growth and can expect to share the rewards as part of a dynamic and successful team.


Working at IFX Payments provides an opportunity to collaborate with highly intelligent and culturally diverse professionals on a wide range of challenges. We encourage development at all levels in combination with an engaging and rewarding culture that encourages continuous learning, career progression and flexible working. IFX Payments is an equal opportunities employer and prides itself on its collaborative and supportive culture.


• 25 days of annual leave + bank holidays and your birthday off


• Pension, healthcare cash plan including support for dental, physio and therapies


• Career progression with excellent training and development, We work on a hybrid basis with Monday and Friday from home and Tuesday, Wednesday and Thursday from our office in central London.


• You must be eligible to work in the UK to be considered for this position.


• Full background check will be carried out