Senior Manager – Transaction Monitoring System

Raqami Islamic Digital Bank Ltd.; Karachi Division; On-site; PKR 6,000,000 - 12,000,000; Full time

Job summary

Raqami Islamic Digital Bank Ltd. seeks a Senior Manager – Transaction Monitoring System (TMS) to lead the AML/CFT monitoring function, detect and investigate suspicious activity, and strengthen the bank's control framework.

The role involves enhancing monitoring rules, thresholds, and dashboards while ensuring SBP compliance and effective risk management. The successful candidate will oversee STR processes, coordinate with technology teams for system upgrades, and build a high-performing TMS

Qualifications

• Experience leading AML/CFT monitoring in banking.
• Exposure to sanctions, regulatory expectations, and FATF standards.
• Proven ability to manage investigations and escalations.

Responsibilities

• Lead and manage TMS operations and monitoring framework.
• Oversee review of alerts and investigations.
• Escalate suspicious activities and ensure proper documentation.
• Tune monitoring rules, thresholds, and controls.
• Ensure SBP AML/CFT compliance and internal policies.
• QA reviews of investigations and case management.
• Collaborate with Compliance, Risk, Ops, Tech and Business.
• Oversee STR and internal escalation processes.
• Analyze AML/CFT trends and update monitoring accordingly.
• Coordinate with Tech on system upgrades and automation.
• Develop compliance MIS and monitoring dashboards.
• Support audits, regulatory inspections and testing.
• Monitor regulatory changes and training initiatives.
• Build and mentor a high-performing monitoring team.

Skills

AML/CFT Monitoring

Transaction Monitoring

Financial Crime Risk

Regulatory Compliance

Sanctions Compliance

Suspicious Transactions

Alert Management

Case Investigation

Monitoring Analytics

Data Analytics

Risk Assessment

Stakeholder Management

Team Leadership

Education

Bachelor’s degree in Finance

Master’s degree

Job description

Job Title: Senior Manager – Transaction Monitoring System (TMS)

Department: Compliance

Job Overview

We are seeking an experienced Financial Crime Compliance professional to lead the Bank’s Transaction Monitoring System (TMS) function. The role is responsible for ensuring effective monitoring, detection, investigation, and escalation of suspicious transactions, unusual customer behavior, sanctions-related risks, and potential money laundering activities. The successful candidate will play a key role in strengthening the Bank’s AML/CFT control framework, enhancing financial crime monitoring capabilities, and minimizing regulatory, financial, and reputational risks.

Key Responsibilities

• Lead and manage the Bank’s Transaction Monitoring System (TMS) operations and monitoring framework.
• Oversee the review and investigation of alerts generated through transaction monitoring systems.
• Ensure suspicious transactions and unusual customer activities are appropriately identified, investigated, and escalated.
• Monitor TMS effectiveness and recommend enhancements to monitoring rules, scenarios, thresholds, and controls.
• Ensure compliance with SBP AML/CFT Regulations, FATF standards, sanctions requirements, and internal policies.
• Conduct quality assurance reviews of transaction monitoring investigations and case management activities.
• Partner with Compliance, Risk, Operations, Technology, and Business teams to strengthen monitoring capabilities.
• Oversee Suspicious Transaction Reporting (STR) and internal escalation processes.
• Analyze emerging AML/CFT risks, typologies, and financial crime trends impacting the Bank.
• Perform periodic reviews and tuning of monitoring scenarios to minimize false positives and improve alert quality.
• Support sanctions screening, name screening, and high-risk customer monitoring initiatives.
• Coordinate with Technology teams on system upgrades, monitoring enhancements, and automation initiatives.
• Develop monitoring dashboards, management reports, and compliance MIS.
• Support internal audits, compliance reviews, regulatory inspections, and independent testing exercises.
• Monitor regulatory changes and ensure TMS processes remain aligned with evolving requirements.
• Lead staff training and awareness initiatives related to transaction monitoring and AML/CFT requirements.
• Build, mentor, and develop a high-performing transaction monitoring team.

Experience Required

• Minimum 7–10 years of banking and financial services experience with substantial exposure to AML/CFT Compliance, Transaction Monitoring, Financial Crime Compliance, Sanctions Compliance, Regulatory Compliance, and Banking Operations.
• Minimum 3–5 years of leadership experience in Transaction Monitoring, AML Operations, or Financial Crime Compliance functions.
• Experience in Digital Banking, Islamic Banking, Payments, Remittances, and SME Banking environments will be highly preferred.

Educational Background Required

• Bachelor’s degree in Finance, Banking, Business Administration, Economics, Accounting, Law, Information Systems, or a related discipline.
• Master’s degree preferred.

Skills & Competencies

• AML/CFT Monitoring
• Transaction Monitoring Systems (TMS)
• Financial Crime Risk Management
• Regulatory Compliance
• Sanctions Compliance
• Suspicious Transaction Investigations
• Alert Management & Case Investigation
• Monitoring Analytics & Reporting
• AML Governance Frameworks
• Risk Assessment & Monitoring
• Data Analytics & Reporting
• AML Systems Tuning & Optimization
• Stakeholder Management
• Team Leadership

Raqami Bank is an equal opportunity employer. We welcome applications from all qualified individuals, including Persons with Disabilities (PWDs), and are committed to fostering an inclusive workplace where everyone has the opportunity to succeed.

Last date to apply: October 30, 2026