Transaction Monitoring & Sanction Manager

Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-timeClearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.

‍Responsibilities

Your most important objective will be to build and strengthen relationships with the business using your financial crime risk expertise and your relationship building skills, to support and actin a trusted advisory capacity for the UK Bank. In addition, you will:

  • Oversee Transaction Monitoring undertaken within the team, including investigating matches, and reviewing the parameters on a periodic basis.
  • Proactively engaging with First line key stakeholders to advise of systems for Financial crime controls, both internal and external
  • Oversight of Politically Exposed Persons (PEPs), sanctions, adverse media screening, and alert elimination.
  • Dealing with Fraud and Suspicious Activity Report referrals, investigating and analysing all information available, undertaking root cause analysis, summarising findings, recommending and taking necessary action. Ensuring investigation work is thoroughly documented and completed in a timely manner.
  • Undertaking Customer Due Diligence reliance testing.
  • Provide support to the Financial Crime Risk Director & MLRO, or other financial crime areas as required.
  • Owing to the end-to-end oversight of the lifecycle of Fraud/AML transaction rules, including development, testing, optimisation, and decommissioning of rules and strategic plans.
  • Managing complex queries or issues arising from suspicious activity escalations from first-line teams
  • Help with the development of first-line members through training, coaching and mentoring

What you will bring

·      An in-depth level of understanding of Financial Crime, with experience in transaction monitoring, sanctions and fraud.

  • Strong attention to detail, organisation and prioritisation skills.
  • Good planning, analytical, and communication skills (both verbal and written).
  • High energy and drive and be delivery-focused.
  • The ability to work well on your own or within a team.
  • A can-do attitude and willingness to just get stuck in where help is needed.
  • Financial crime qualifications are desirable but not essential.

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Work location

·  London (5 days per week in the office)
·  Travel to other locations may be required on occasion.

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Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

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