We are seeking a Payments Screening Officer (L1/L2) who will be responsible for conducting due diligence on all transactions referred to the team either systematically or manually. You will be accountable for reviewing transactional activities and will be required to analyse such information, ensuring efficient identification of suspicious activities and/or transactions. Moreover, you will be required to ensure due diligence is conducted in line with the Bank Policies and the UK regulatory authorities' requirements to prevent financial crime and anti-money laundering.
L2 - Payment Screening Officer is responsible for the final release of transactions across business lines and products as directed by management.
Please note: this is a 6 months Fixed Term Contract
Responsibilities:
- Conduct in-depth analysis and investigation of all transactions referred to the team either through automated system or manual processes from any area within the Bank
- Conduct in-depth analysis and investigation of all system-generated alerts
- Participate in the day-to-day tasks relating to the bank's sanctions systems, including checking and maintenance of filter logs and sanctions screening lists maintenance as directed
- Participate in Transaction Monitoring and Financial Crime projects and initiatives as directed
- Take ownership of individual alert cases using appropriate case management tools and techniques to progress to meet timescales for the alert investigation process.
- Assist with transaction monitoring-related queries
- Investigate, review and refer where appropriate any transaction monitoring and sanctions-related alerts.
- Ensure proper investigation of suspicious transactions or money laundering alerts
- Obtain documentary evidence of all investigations and ensure effective record keeping
- Obtain documentary evidence of suspicious transactions and ensure effective record keeping of identification and escalation as appropriate in line with departmental procedures
- Adhering to the banks policies and procedures
- Actively promoting and maintaining good relationships with all clients and counterparties, representing the Bank professionally and positively.
- Ensure all issues and escalations are resolved in a timely and efficient manner in line with the banks policies and procedures
- Apply expertise in transactional monitoring and provide guidance and training for junior staff and other business areas within the Bank when needed
- Assist with development and training in transaction monitoring, especially on identification and reporting of suspicious transactions for new staff
- Carry out monthly, quarterly, or as and when needed reconciliation of the banks sanctions screening lists as directed.
- Assist with the preparation of and distribution of Management Information Reporting
Expectations:
- Knowledge of the UK anti-money laundering and financial crime regulatory framework (essential)
- Minimum one years’ experience in Transaction Monitoring and/or Compliance (essential)
- Minimum two years with responsibilities of L1 with good product and business knowledge to be considered for L2 (essential)
- Experience in Trade Payments and/or Correspondent Banking Services and/or Operations (essential)
