Head of Transaction Monitoring

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £85000 - £90000 per annum

  • Contact:

    Bethany Singer

  • Contact email:


  • Job ref:


  • Published:

    5 months ago

Prestigious International Bank based in the City are looking to recruit a Head of Transaction Monitoring. In this position you'll be responsible for leading and managing the Transaction monitoring department which includes: TM for all of the Bank's customers. This includes Retail, Corporates, Financial Institutions, MSBs and Trade finance. This individual must be an experienced person who is able to guide the team hands on by directing them on their day to day duties.

Main responsibilities will include;

  • Ensuring all the Retail, corporate and Financial institutions are fully captured in the new automated transaction monitoring system
  • Ensuring all other areas e.g. MSBs and Trade finance also have transaction monitoring carried out
  • Ensuring all the manual transaction monitoring backlog is cleared out
  • Ensuring policies and procedures captures all the regulatory requirements and are up to date
  • Ensuring alerts are cleared on a timely basis.
  • Ensuring transaction monitoring team is conducting in-depth analysis and investigation of all AML system-generated alerts on a business as usual basis and has knowledge of documenting and reporting of Suspicious Activity reports
  • Embedding policy and procedures for transaction monitoring
  • Provide oversight and support to transaction monitoring team to monitor transactions for all of the Bank's customers
  • Ensure smooth implementation and running of the new automated transaction monitoring system
  • Training-Lead a team that is able to carry out independent transaction monitoring in line with the regulations and is able to conduct in-depth analysis and investigation of all AML system-generated alerts
  • Report to senior management on the department's performance on an ongoing basis through detailed and timely MI
  • Review transaction monitoring reports on a weekly basis
  • Review team performance, provide guidance and mentor the staff
  • Stakeholder management- produce MI for senior management and attend monthly meetings as and when required
  • Fully develop the skills and abilities of the transaction monitoring department by training and motivation
  • Management of team and carrying out effective performance appraisals

To be considered for this position, ideal candidates must have the following experience/skills;

  • Significant financial crime experience
  • Proven experience in AML Transaction Monitoring within a banking environment
  • Strong familiarity and knowledge of best industry practise
  • Strong reporting skills
  • Strong team management skills
  • Knowledge of the UK financial crime regulatory framework
  • Knowledge of retail banking processes.
  • Industry Experience of managing and leading teams within the financial crime space
  • Experience of team leading and team management
  • Experience of working at a consultancy within AML space is desirable
  • Degree Qualified or post graduate calibre.
  • Professional Industry exams

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