Transaction Monitoring & Screening Advisory Manager

Barclays; Gravesend; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading British bank is seeking an Assistant Vice President for Transaction Monitoring & Screening Advisory. The role emphasizes financial crime risk management, requiring strong analytical skills and experience in wholesale banking. Candidates should be adept at policy analysis and capable of enhancing transaction monitoring frameworks. This position offers a hybrid working model in the UK.

Benefits

Pension plan

Holiday pay

Employee Assistance Programme

Discounts at retailers and restaurants

Qualifications

• Experience in wholesale banking transaction monitoring/screening.
• Strong data analytic skills and knowledge of machine learning advantageous.
• Experience focusing on developing consistent risk and control frameworks.

Responsibilities

• Support completion of Transaction Monitoring Risk Assessments.
• Manage emerging transaction monitoring risks.
• Assess impact of policy and regulatory changes.

Skills

Understanding of transaction monitoring/screening

Data analytic skills

Knowledge of regulatory expectations

Interacting with stakeholders

Experience with risk and control frameworks

Ability to deal with ambiguity

Comfortable in complex environments

Job description

Job Title: Transaction Monitoring & Screening Advisory Manager

Location: London/Birmingham (hybrid - 3 days per week on site)

Length: 6 months

PAYE only

Overall purpose of the role

We are looking for an Assistant Vice President to join IB-FC to support the business with a strong expertise in financial crime risk management, policy and regulation across IB transaction monitoring and/or screening. The primary duties of this role will be to support the completion of Transaction Monitoring Risk Assessments, ensure Barclays transaction monitoring and screening risk coverage remains commensurate to the level of business risk exposure, increase the efficiency of transaction monitoring and screening, support the implementation of strategic initiatives and business growth, manage emerging risks and issues in line with Barclays Issue Management Standards.

Key Accountabilities:

• Support the Senior Transaction Monitoring Advisory Manager to complete Transaction Monitoring Risk Assessments for the IB business.
• Identify enhancements to IB transaction monitoring and screening risk coverage, developing appropriate solutions (in conjunction with key stakeholders) and supporting the successful delivery of identified solutions.
• Identify, escalation and manage emerging transaction monitoring and screening risks and issues in line with Barclays Issue Management Standards.
• Support strategic business growth by assessing the impact of new/amended products and services on the IB business risk profile and determining if transaction monitoring and screening enhancements are required.
• Assess the impact of policy, regulatory changes and strategic initiatives on transaction monitoring requirements.
• Enable an effective working relationship between the Product/Coverage, TM/Screening Model Owners, TM/Screening Operations and second line of defence in Financial Crime Compliance on matters relevant to transaction monitoring.
• Review and challenge the transaction monitoring/screening control environment (including those undertaken by shared services or outsourced service providers).

Key Skills:

• Strong understanding and prior experience of transaction monitoring/screening within wholesale banking (e.g. transaction banking, correspondent banking, markets, trade finance).
• Strong data analytic skills and knowledge of machine learning advantageous.
• Knowledge of regulatory expectations across multiple geographies (e.g. US, UK, EU, APAC).
• Experience of interacting with stakeholders across multiple jurisdictions.
• Experience contributing to strategic direction incorporating a Values-aligned performance culture.
• Experience focusing on developing and implementing consistent risk and control global frameworks within an organization.
• Ability to deal with ambiguity and simplify outputs and recommendations.
• Comfortable in fast growing and complex environments and ability to move effortlessly between strategic topics to day-to-day regulatory risks.

About Barclays

Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by its service company which provides technology, operations and functional services across the Group.

Values

Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measures and rewards the performance of colleagues. Simply put, success is not just about what you achieve, but how you achieve it.

Diversity

Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.

Hybrid Working

Barclays is currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Barclays is flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. Barclays also has a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances

Your Benefits

As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants.