Transaction Monitoring Analyst

We are seeking a highly skilled Transaction Monitoring Analyst with over two years of experience to join our dynamic team in the Financial Crime Compliance. The ideal candidate will be responsible for conducting thorough reviews of financial transactions to detect and prevent fraudulent activities, ensuring compliance with regulatory standards and internal policies.

Responsibilities:

1. Utilize advanced transaction monitoring systems and tools to analyze financial transactions for potential suspicious activities.
2. Conduct in-depth investigations of flagged transactions to identify patterns, trends, and anomalies.
3. Review and assess customer account activity to detect and prevent money laundering, fraud, and other illicit financial activities.
4. Collaborate with internal stakeholders including compliance officers, risk management teams, and law enforcement agencies as required.
5. Generate detailed reports summarizing findings from transaction monitoring activities and provide recommendations for further action.
6. Stay updated on regulatory requirements, industry trends, and best practices related to transaction monitoring and anti-money laundering (AML) compliance.
7. Participate in the development and enhancement of transaction monitoring processes and procedures.
8. Provide training and support to junior analysts as needed.
9. SAR filing experience.

Requirements:

1. Bachelor's degree in finance, accounting, business, or related field.
2. Minimum of two years of experience in transaction monitoring, AML compliance, or a related role within the banking industry.
3. Strong understanding of financial regulations, including but not limited to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer (KYC) requirements.
4. Proficiency in using transaction monitoring tools and software platforms.
5. Excellent analytical skills with the ability to interpret complex financial data and identify potential risks.
6. Detail-oriented with strong organizational and time management abilities.
7. Effective communication skills, both verbal and written, with the ability to communicate findings and recommendations clearly and concisely.
8. Ability to work independently and collaboratively in a fast-paced environment.

Preferred Qualifications:

1. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or equivalent certifications.
2. Experience working with large-scale banking or financial institutions.
3. Familiarity with regulatory requirements specific to the jurisdiction in which the bank operates.

Benefits:

• Competitive salary
• Health insurance
• Paid time off and holidays

Professional development opportunities