Transaction Monitoring Officer – Prestigious International Bank

Our client a prestigious banking organisation who are currently seeking a Transaction Monitoring Officer. The role is located in City of London and after the first 3 months will become a hybrid role where you will only be required 3 days in the office.

Key Responsibilities:

• Design, develop, and monitor compliance monitoring plans in accordance with approved methodology.
• Conduct compliance reviews and assessments, ensuring adequate sample sizes and thorough analysis of findings.
• Implement escalation processes for identified issues and deficiencies, tracking resolutions effectively.
• Generate Management Information (MI) reports to communicate compliance status and trends.
• Develop and maintain compliance policies, processes, manuals, and AML policies in alignment with regulatory standards.
• Oversee compliance training programs for staff, ensuring annual training requirements are met.

Requirements:

• Must have 2-3 years minimum of general compliance specifically in transaction monitoring experience in UK based banks.
• Must be a degree holder.
• Practical knowledge of regulatory frameworks including FCA/PRA Handbook, SYSC, JMLSG, BCOBS, financial crime, and anti-bribery and corruption (ABC) regulations.
• Working knowledge of various areas such as trade finance, correspondent banking, complaints handling, FATCA, and AML processes.
• Ability to think strategically and translate concepts into effective processes.
• Strong problem-solving skills and the ability to exercise sound judgment consistently.