Transaction Monitoring Analyst

About the job

A Transaction Monitoring (TM) Analyst is primarily responsible for identifying and investigating unusual customer behavior to mitigate financial crime risks, including money laundering and terrorist financing. The role typically requires expertise in specific business lines such as Correspondent Banking, Capital Markets, or Trade Finance. Core Responsibilities • Alert Assessment: Review and analyze risk events (alerts) generated by automated monitoring systems or manual escalations to identify potentially suspicious activity. • Case Investigation: Conduct in-depth analysis of structured and unstructured transactional data to detect patterns of behavior, such as structuring or layering. • Compliance Governance: Partner with business units and operational risk teams to interpret and apply global policies, trends, and financial crime information to decision-making. • Stakeholder Liaison: Communicate with Business Lines (BL) and Relationship Managers (RM) to collect mandatory KYC information or clarify missing requirements. • Reporting: Escalate valid suspicious patterns for further analysis or regulatory reporting (e.g., suspicious transaction reports) within specified turnaround times (TAT). • Surveillance Enhancements: Assist in testing and validating monitoring rules and logic to improve the detection of emerging financial crime typologies. Technical & Required Skills • AML Systems: Proficiency in surveillance platforms such as SAS, Mantas, Detica, or Actimize SAM. • Research Tools: Experience using screening and background verification tools like LexisNexis, World-Check, Factiva, and Bankers Almanac. • Typology Knowledge: Strong understanding of Money Laundering (ML) and Terrorist Financing (TF) techniques, as well as OFAC and local Sanctions regulations. • Data Analysis: Ability to analyze large volumes of data and synthesize complex information into clear rationale for decisions. Experience & Educational Requirements • Education: A Bachelor’s or Master’s degree in Finance, Economics, Law, or a related field. • Professional Experience: • Senior Analyst: Usually requires 5 + years specifically in AML Transaction Monitoring. • Industry Specifics: Experience in Correspondent Banking is often listed as a mandatory requirement.

Requirements

• Transaction Monitoring
• Banking
• Financial Crime Mitigation
• Data Analysis
• KYC Compliance

Qualifications

• Bachelor’s degree
• Master’s degree in Finance
• Economics
• Law

Preferred Technologies

• Transaction Monitoring
• Banking
• Financial Crime Mitigation
• Data Analysis
• KYC Compliance