Financial Crime & Risk Analyst – Transaction Monitoring and Screening

Bank of London; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

Join a leading company in the banking sector as a Financial Crime & Risk Analyst, where you will play a key role in mitigating financial crime risks. Your responsibilities will include conducting investigations into alerts and ensuring compliance with regulatory requirements. This role requires strong analytical skills and experience in commercial banking, especially with high-risk clients.

Qualifications

• Experience conducting reviews and investigations of alerts.
• Familiarity with transaction monitoring tools.
• Ability to engage with key stakeholders effectively.

Responsibilities

• Conduct detailed reviews of customer transactions and screening alerts.
• Investigate unusual or suspicious activity and escalate concerns.
• Maintain accurate records of investigations and decisions.

Skills

Attention to detail

Analysis

Risk Management

Education

Experience in commercial banking

Experience with high-risk client segments

Job description

Financial Crime & Risk Analyst – Transaction Monitoring and Screening

Financial Crime & Risk Analyst – Transaction Monitoring and Screening

Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), EmbeddedBanking, real-time Clearing, Payments, and Settlement, as well as CommercialBanking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAPFioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.

Join our Transaction Monitoring and Screening team and become a vital contributor to our mission. As an Analyst in this role, you will play a key part in protecting the Bank and its clients by identifying and mitigating financial crime risks. Your primary responsibilities will include conducting detailed reviews of customer transactions and screening alerts, investigating unusual or suspicious activity, and escalating concerns in line with regulatory requirements. You will work closely with internal teams to ensure our monitoring and screening frameworks remain effective, accurate, and aligned with evolving risk indicators.

We seek a TransactionMonitoring & Screening Analyst to join our First Line (1LoD) FinancialCrime Operations team. In this role, you will investigate and resolve alerts generated by our transaction monitoring, payment screening, and name-screening systems, escalating issues to the Second Line of Defence (2LoD) as needed. Experience in a commercial banking context and/or a related onboarding setting, particularly in reviewing complex and high-risk client segments such as Money Service Businesses and otherRegulated Financial Institutions.

Requirements

· Conduct thorough reviews and investigations of alerts generated through transaction monitoring and name screening tools in accordance with internal policies and procedures.

· Review and disposition alerts accurately and within defined SLAs, documenting clear and concise rationale.

· Review and manage escalations from the First Line of Defence (1LoD) colleagues, determining appropriate next steps and ensuring timely resolution in line with internal procedures.

· Maintain accurate and auditable records of investigations, ensuring full traceability of decisions.

· Engage with key stakeholders including PaymentOperations, CDD, Client & Growth, and 2LoD Financial Crime & Risk.

· Support the production and analysis of ManagementInformation (MI) to strengthen our monitoring and control framework.

· Take ownership of additional tasks, processes, or project work within the Transaction Monitoring and Screening team as required.

· Collaborate with wider anti-financial crime teams to assess payment flows and identify emerging risk indicators.

Location

London (5 days a week)

Travel to other locations may be required on occasion.

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, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Banking

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