Associate/ Sr. Associate - Transaction Monitoring

Title: Associate

Location: Bangalore

Role overview:

A successful Transaction Monitoring Associate / Sr. Associate is responsible for monitoring, investigating, and analyzing transactions to detect and report suspicious activity in compliance with anti-money laundering (AML), counter-terrorist financing (CTF), and other regulatory requirements. This role requires attention to detail, analytical thinking, and a strong understanding of regulatory standards to help protect the organization against financial crime and regulatory risks.

How you will create impact:

• Transaction Monitoring:

  Review and analyze daily transaction alerts generated by the organization's monitoring systems.

• Investigation and Reporting:

  Conduct detailed investigations into flagged transactions using internal and external data sources and document findings clearly and concisely, ensuring all investigations meet regulatory and internal standards.

• Regulatory Compliance:

  Stay updated on regulatory changes and industry standards in AML, CTF, sanctions screening, and fraud prevention and support the implementation of new or updated regulatory requirements within the transaction monitoring program.

• Collaboration and Communication:

  Work closely with other compliance teams, business units, and external stakeholders to address potential risks and provide guidance and training to business teams on compliance matters, as needed.

• System Enhancements and Optimization:

  Recommend improvements to transaction monitoring systems and alert parameters based on findings and regulatory trends and participate in system testing and updates to enhance monitoring capabilities.

Essential qualifications:

• Excellent communication skills, both verbal and written, with the ability to interact confidently and professionally with customers and internal stakeholders.
• Previous experience in AML, CTF, compliance, or transaction monitoring (13 years preferred).
• High attention to detail and accuracy.
• Strong understanding of regulatory frameworks (e.g., BSA/AML, FATF, OFAC sanctions).
• Ability to maintain confidentiality and handle sensitive information.
• Team-oriented with a proactive approach to problem-solving.
• Critical thinking, ability to understand and evaluate facts, evidence, observations, and arguments to form a judgment
• Good general knowledge on world affairs, financial crime and the ability to use that information in the course of your work.
• Decent excel, word and power point skills

Interview rounds & assessments:

• Table for Two:

  A brief chat with one of our Recruiters to assess your foundational competencies and provide an overview of TerraPay.

• Beyond the Bio:

  A discussion with an SME or the RM to evaluate your role-specific knowledge, problem-solving abilities, and gain a deeper understanding of the company and team dynamics.

• Manager Meetup:

  A comprehensive discussion about the role and responsibilities, expectations, and mapping out potential career growth.

Why TerraPay:

TerraPay is a global money movement player on a mission to build a borderless financial world. We believe payments should be instant, reliable, transparent, seamless, and fully compliant.

Registered and regulated across 31 global markets, we are a leading payments partner for banks, mobile wallets, money transfer operators, merchants, and financial institutions.

We are proud to be a twice-certified Great Place to Work and were featured in the 2023 CB Insights Fintech 100 and the 2024 Financial Times 1000 lists.