Operational Lead - AML and Transaction Monitoring

The Role is responsible for overseeing the daytoday operations of the transaction monitoring team to protect the financial services infrastructure from unwanted behaviour enforce Teya policy protect against fraud and ensure Teya maintains compliance with AML regulations actively supporting Teyas commitment to prevent financial crime. As well as managing teams driving operational efficiency.

Job Description

A list of the specific duties tasks and responsibilities in this role.

The role covers transaction and other monitoring of member and their behaviour and subsequent indepth investigations of monitoring flags and risk issues and events across all of Teyas products.

You will be used to working in a fastpaced environment and thrive upon challenge and be flexible to working extended hours subject to business needs.

Key Objectives:

o  Drive the continuous improvement of transaction monitoring processes systems and workflows aiming for efficiency accuracy and timely detection of suspicious activity.

o  Lead mentor and develop a highperforming transaction monitoring team ensuring that team members are equipped with the necessary tools knowledge and skills to perform their duties effectively.

o Lead the analysis of acquiring and business account transactions customer use and behaviour to identify potential indicators of fraud money laundering or terrorist financing as well as risk against card scheme compliance requirements and financial risk; Review PEP Sanctions and adverse media screening alert; Prepare Internal Suspicious Activity Reports.

o Ensure that transaction monitoring systems are optimized for detecting suspicious activities and remain in line with evolving regulatory requirements and emerging crime patterns.

Youll be responsible to lead manage train and develop the team for:

o   Transaction Monitoring: Review suspicious transaction patterns to identify indicators of Fraud AML  Terrorist Financing and other high risk indicators.   

o   Member Monitoring: Review changes in members activity to identify suspicious conduct.

o   AML Screening: Review alerts of potential Sanction PEP and Adverse media matches and determine if they are true matches or false positives. 

o   KYC / KYB Refreshes: Undertaking refresher KYC and KYB checks on members in line with their risk ratings and determining if documentation provided from UK and EU countries is authentic.

o   Suspicious Activity Reporting: Drafting internal Suspicious Activity Reports to share with the second line teams for review. 

o   Trend Analysis: Proactively analyse data on identified trends and suggest new transaction monitoring rules to the team leader.

o   Stakeholder Management: Assist in managing internal stakeholders balancing expectations from internal teams with the need to achieve compliance with company policy and regulation. 

o   Performance Management: Achieve departmental SLAs for reviewing cases and aid the team in achieving its KPIs.

o   Collaborative Communication: Build strong relationships with internal stakeholders sharing insights and fostering a culture of ongoing monitoring risk management.

o   Process & System Optimisation: Be proactive in suggesting potential areas of improvement and optimisation.

o   Reporting: Produce relevant reporting s required.  

o   Horizon Scanning: Keep abreast of upcoming regulation change and assess how it may impact upon departmental tasks.

o   Time Management: Have strong organisational skills and be able to deliver quality work within departmental SLAs. 

Qualifications :

• A minimum of 2 years of experience leading Transaction Monitoring teams in payments and or business banking.

• Hold an AML qualification such as ICA or ACAMS or equivalent.

• Deep understanding of the card acquiring and business banking space.

• Knowledge of both the UK and EU AML regulations.

• Strong data analysis skills with the ability to extract insights using SQL.

• Excellent communication and teamwork skills.

• Strong leadership skills and experience managing a team.

• Highly organized and have strong attention to detail.

• Strong analytical abilities and experience with datadriven decisionmaking.

• Highly motivated and enthusiastic individual who thrives working in a fastpaced environment.

• Be flexible to working outside of standard business hours if required.

Additional Information :

The Perks

• We trust you so we offer flexible working hours as long it suits both you and your team;
• Physical and mental health support through our partnership with GymPass giving free access to over 1500 gyms in the UK 11 therapy meditation sessions digital fitness and nutrition apps;
• Our company offers extended and improved maternity and paternity leave choices giving employees more flexibility and support;
• CycletoWork Scheme;
• Health and Life Insurance;
• Pension Scheme;
• 25 days of Annual Leave ( Bank Holidays);
• Office snacks every day;
• Friendly comfortable and informal office environment in Central London.

Remote Work :

No

Employment Type :

Fulltime