Transaction Monitoring Manager

Madison-Davis, LLC; United States; Remote; USD 120,000 - 145,000; Full time

Job summary

Join a leading fintech bank as a Transaction Monitoring Manager in a fully remote role. This position offers the opportunity to manage a high-performing team while ensuring compliance with AML, BSA, and OFAC regulations. You will be responsible for overseeing the Triage team's daily operations, analyzing alerts, and driving process improvements to enhance efficiency. This role is perfect for individuals passionate about compliance and team development, looking to make a significant impact in a dynamic financial services environment. Enjoy a competitive salary and the flexibility of remote work.

Qualifications

• Experience in managing transaction monitoring operations.
• Strong knowledge of AML, KYC, and BSA regulations.

Responsibilities

• Manage daily operations of the Triage team for transaction monitoring.
• Analyze suspicious activity alerts and escalate as needed.
• Prepare reports on Triage performance for the Executive Team.

Skills

Transaction Monitoring

AML Compliance

BSA Regulations

Team Management

Fraud Analysis

Education

Bachelor's Degree in Finance or Related Field

Master's Degree (Preferred)

Job description

Get AI-powered advice on this job and more exclusive features.

This range is provided by Madison-Davis, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$120,000.00/yr - $145,000.00/yr

Direct message the job poster from Madison-Davis, LLC

VP-Head of Legal & Compliance Research @ Madison-Davis, LLC | AML, KYC, BSA

Leading fintech bank currently looking to bring on a new Transaction Monitoring Manager to join their group. This is a 100% remote role.

Responsibilities:

• Manage the daily operations of the Triage team, ensuring the timely and accurate review of alerts generated by transaction monitoring systems.
• Administer, monitor, and continuously improve the AML Triage program to ensure compliance with BSA/AML/OFAC regulations.
• Provide coaching and guidance to team members, enhancing their efficiency, effectiveness, and career development.
• Develop a high-performing team by fostering motivation, setting clear performance expectations, and ensuring appropriate staffing levels, including coaching and mentoring all analysts.
• Review work in alignment with BSA/AML/OFAC, FinCEN, and Evolve policies and procedures.
• Ensure adherence to Triage SLA timelines, ensuring timely delivery of all tasks.
• Analyze and prioritize suspicious activity alerts, escalating relevant cases to investigators and senior management.
• Identify and analyze emerging fraud trends, leading proactive initiatives to strengthen processes and controls.
• Drive process improvements to enhance efficiency and effectiveness across all areas of responsibility.
• Monitor team workload, managing staffing needs and collaborating with outside vendors for Peak Volume Management (PVM).
• Prepare and present comprehensive reports on Triage performance, trends, and key metrics to the Executive Team and Board of Directors as needed.
• Make recommendations for adverse action/account closures based on findings.
• Lead the development of written procedures and collaborate with the BSA/AML/OFAC Officer to ensure the completion of required tasks and processes.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance, Analyst, and Other

Industries

• Financial Services, Banking, and Investment Banking

Referrals increase your chances of interviewing at Madison-Davis, LLC by 2x

Sign in to set job alerts for “Transaction Specialist” roles.

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.