Transaction Monitoring & Sanction Manager (Second Line)

Bank of London; London; On-site; GBP 41,000 - 56,000; Full time

Job summary

A leading company in banking is seeking a Transaction Monitoring & Sanction Manager to enhance financial crime oversight. The role involves managing transaction monitoring processes, advising stakeholders, and supporting compliance efforts. Ideal candidates will have robust experience in financial crime areas, analytical thinking, and a strong attention to detail.

Qualifications

• Strong understanding of Financial Crime and fraud.
• Experience in sanctions and transaction monitoring.
• Ability to manage relationships with key stakeholders.

Responsibilities

• Oversee Transaction Monitoring and investigate matches.
• Proactively engage with stakeholders on financial crime controls.
• Provide support to Financial Crime Risk Director.

Skills

Attention to detail

Analytical skills

Communication skills

Education

Experience in transaction monitoring

Knowledge of financial crime regulations

Job description

Transaction Monitoring & Sanction Manager (Second Line)

Transaction Monitoring & Sanction Manager (Second Line)

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), Embedded Banking, real-timeClearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer 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.

Responsibilities

Your most important objective will be to build and strengthen relationships with the business using your financial crime risk expertise and your relationship building skills, to support and actin a trusted advisory capacity for the UK Bank. In addition, you will:

• Oversee Transaction Monitoring undertaken within the team, including investigating matches, and reviewing the parameters on a periodic basis.
• Proactively engaging with First line key stakeholders to advise of systems for Financial crime controls, both internal and external
• Oversight of Politically Exposed Persons (PEPs), sanctions, adverse media screening, and alert elimination.
• Dealing with Fraud and Suspicious Activity Report referrals, investigating and analysing all information available, undertaking root cause analysis, summarising findings, recommending and taking necessary action. Ensuring investigation work is thoroughly documented and completed in a timely manner.
• Provide support to the Financial Crime Risk Director & MLRO, or other financial crime areas as required.
• Owing to the end-to-end oversight of the lifecycle of Fraud/AML transaction rules, including development, testing, optimisation, and decommissioning of rules and strategic plans.
• Managing complex queries or issues arising from suspicious activity escalations from first-line teams
• Help with the development of 1First line members through training, coaching and mentoring

What you will bring

· An in-depth level of understanding of Financial Crime, with experience in transaction monitoring, sanctions and fraud.

• Strong attention to detail, organisation and prioritisation skills.
• Good planning, analytical, and communication skills (both verbal and written).
• High energy and drive and be delivery-focused.
• The ability to work well on your own or within a team.
• A can-do attitude and willingness to just get stuck in where help is needed.

Work location

· London (5 days per week in the office)

· 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

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Banking

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