Head of Fraud and Transaction Monitoring

Compliance Professionals; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A global banking group seeks a Head of Fraud and Transaction Monitoring to lead fraud strategy and mitigate financial crime risks. The role involves overseeing monitoring alerts, collaborating with product teams, and managing a split-site team. Candidates should have extensive experience in financial crime management, particularly in banking, and a strong background in leadership.

Qualifications

• At least 5 years leadership experience in financial crime management.
• Extensive expertise in fraud and transaction monitoring required.
• Understanding of financial crime typologies and regulations, especially in the UK.

Responsibilities

• Monitor fraud metrics, mitigate attacks, and ensure controls.
• Lead technology-driven fraud mitigation solutions and oversee team performance.
• Collaborate with various stakeholders to design fraud prevention strategies.

Skills

Leadership

Fraud and Transaction Monitoring

Financial Crime Management

Regulatory Engagement

AI and Future Technologies

Job description

Head of Fraud and Transaction Monitoring (1LOD role)

Compliance Professionals provided pay range

This range is provided by Compliance Professionals. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

THE COMPANY:

Our client is 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 residual risks are controlled.
• Defining and supporting the implementation of the fraud and financial crime strategic roadmap, working closely with the MLRO and key stakeholders.
• Building strong relationships with the wider financial crime community, including industry peer groups, regulators, and external partners.
• Developing and delivering regular reporting and MI to support business decisions and highlight areas of concern.
• Embedding a culture of financial crime compliance and awareness across the business.
• Overseeing financial crime intelligence gathering and addressing emerging risks.
• Leading the design and delivery of technology-driven fraud mitigation solutions.
• Acting as the primary contact for managing fraud and scams, including card fraud, account takeover, and authorized push payment scams.
• Supporting change initiatives and making prioritization decisions.
• Driving customer education and awareness initiatives.
• Collaborating with the second line of defense and MLRO for assurance activities.
• Supporting audit activities and ensuring cooperation with auditors.
• Reporting to senior management and deputizing when needed.
• Leading and empowering a split-site team to deliver high performance and continuous improvement.

EXPERIENCE REQUIRED:

• 1LOD Experience in driving FTM strategy and devising TM rules with third-party vendors, including future technologies like AI.
• Financial Crime management experience in banking and payments, with at least 5 years in leadership roles.
• Leadership experience is essential.
• Extensive Fraud and Transaction monitoring expertise.
• Understanding of financial crime typologies and current threats, including AML, TF, APP fraud, sanctions evasion, and broader risks.
• Knowledge of global Financial Crime regulations.
• Experience managing regulatory engagement related to Financial Crime, especially in the UK and GCC regions.

For further information, please contact Hannah Tabatabai.

Seniority level

• Director

Employment type

• Full-time

Job function

• Finance

Industries

• Banking, Investment Banking, and Financial Services

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London, England, United Kingdom 6 days ago