Head of Fraud and Transaction Monitoring

JR United Kingdom; Chelmsford; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the banking sector is seeking a Head of Fraud and Transaction Monitoring. This pivotal role involves overseeing fraud mitigation strategies, leading a team, and ensuring robust compliance with financial crime regulations. The ideal candidate will have over 10 years of experience in financial crime management and a strong background in leadership roles.

Qualifications

• 10+ years’ experience in Financial Crime management.
• Strong leadership experience in a managerial or leadership position.
• Extensive Transaction monitoring experience.

Responsibilities

• Monitoring fraud metrics and trends.
• Overseeing management of transactional monitoring alerts.
• Collaborating with tech teams to minimize fraud opportunities.

Skills

Fraud monitoring

Financial crime compliance

Leadership

Regulatory engagement

Risk assessment

Job description

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Head of Fraud and Transaction Monitoring, chelmsford

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Client:

Compliance Professionals

Location:

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

1

Posted:

06.06.2025

Expiry Date:

21.07.2025

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Job Description:

THE COMPANY:

Our client is a a global banking group with offices based in Canary Wharf

THE RESPONSIBILITIES:

• Monitoring fraud metrics and trends, proactively mitigating attacks, and ensuring new products and features are appropriately controlled and monitored from a fraud and financial crime perspective.
• Overseeing the effective and efficient management of transactional monitoring alerts, ensuring they are addressed within agreed SLAs.
• Collaborating with tech and product teams to minimise fraud opportunities at the product design stage and ensure any residual risks are appropriately controlled.
• Defining and supporting the implementation of the fraud and financial crime strategic roadmap, working closely with the MLRO and key stakeholders across the business.
• Building strong, collaborative relationships with the wider financial crime community, including industry peer groups, regulators, and external partners.
• Developing and delivering regular reporting and MI to influence and support key business decisions, highlighting areas of concern and driving the implementation of action plans as needed.
• Embedding a strong culture of financial crime compliance and awareness across the business, ensuring the response to incidents is swift, effective, and appropriate.
• Overseeing financial crime intelligence gathering, monitoring threats to the organisation, and addressing emerging risks.
• Leading the design and delivery of technology-driven fraud mitigation solutions, ensuring automated alerts cover a broad range of fraud typologies.
• Acting as the primary point of contact for identifying, managing, and resolving fraud and scams — including card fraud, account takeover, and authorised push payment scams — while ensuring losses remain within agreed targets.
• Supporting and overseeing the implementation of change initiatives, making prioritisation decisions to balance operational impact and strategic value.
• Driving customer education and awareness initiatives, ensuring effective warnings and protective measures are in place to reduce the risk of fraudulent activity.
• Working closely with the second line of defence and MLRO to complete assurance activities and remediate any identified issues or gaps.
• Supporting third-line audit activities and ensuring full cooperation with internal and external auditors.
• Reporting to senior management committees as required and deputising for senior management when appropriate.
• Being an outstanding people manager, empowering your split-site team to deliver high performance, fostering development, accountability, and a culture of continuous improvement.

EXPERIENCE REQUIRED:

• 10+ years’ experience in Financial Crime management, ideally in banking and payments space – 5 of which should have been in a managerial or leadership position.
• Must have leadership experience
• Extensive Fraud and Transaction monitoring experience
• Detailed understanding of Financial Crime typologies in the industry and current threats with reference to AML, TF, APP fraud, Sanctions evasion and wider risks.
• Demonstrable understanding of global Financial Crime regulations.
• Experience of managing regulatory engagement relating to Financial Crime, particularly in the UK but also in other geographies, GCC in particular.

For further information please contact Hannah Tabatabai