GRS Recruitment is excited to announce an opening for a Permanent Senior Transaction Monitoring role with our esteemed client, a dynamic Fintech company based in Malta. This innovative company, which operates within the Forex industry, is committed to maintaining exceptional compliance standards while providing cutting-edge solutions to its clientele. They are looking for an experienced professional who is passionate about ensuring the highest levels of compliance and integrity in this fast-paced sector.
DUTIES AND RESPONSIBILITIES
- Review corporate clients to assess AML and fraud risk
- Monitoring client transactions in line with the Monitoring Policy
- Review incoming, outgoing and internal payments to assess rationale
- Conduct client sample testing in line with defined program
- Ensure compliance alerts are cleared in a timely fashion
- Master various compliance platforms and systems to streamline department workflow
- Identify suspicious activity and follow the process to report these where required
- Involvement in the delivery of compliance projects ensuring technical excellence and a practical, business-driven approach
- Stay updated by participating in educational opportunities; reading professional publications
- Responding to queries from various business units promptly and efficiently
- Liaise with internal and external parties in relation to RFI requests
- Work with the front office/client services to give clear direction on customer due diligence requirements.
- Conduct in depth analysis of multi-party payment flows and document the control framework.
- Review corporate, payment service providers and merchant clients to assess AML and fraud risk.
- Develop and enhance existing transaction monitoring program to facilitate mass payment monitoring.
- Master various compliance platforms and systems to streamline department workflow.
- Production of MI and reports to enable business to assess key risks.
- Support the delivery of compliance training to new members of the department.
- Work closely with the Chief Compliance Officer to identify any major issues in relation to compliance.
- Enable Alpha to on-board clients in across multi - sectors and jurisdictions in line with internal policy and external guidance such as JMLSG
- Strengthening the onboarding and monitoring controls to compensate for the enhanced risk that this diverse client base presents
- Work with the Compliance Director to strengthen the management information going to the Board
- Manage a team of Analysts and ensure they are receiving the necessary training
- Ensure Alpha continues to operate within the agreed parameters set out with external parties
- To continually develop and maintain a level of compliance, fraud and AML expertise in the business
- Assist the Compliance Director by providing guidance, regulatory and financial crime advice as required
- Ability to act as an escalation point for junior members of the team
CANDIDATE PROFILE
- Bachelor’s degree in finance, Business, or a related field. A relevant professional certification (e.g., ACAMS, CFE) is highly desirable.
- Proven experience (3 years) in a similar role, preferably within the financial services industry, with a strong focus on EU and UK regulatory compliance and transaction monitoring.
- In-depth knowledge of EU and UK regulatory frameworks, including the 4th and 5th Anti-Money Laundering Directives, EU Funds Transfer Regulation, UK Money Laundering Regulations, and other relevant directives and regulations.
- Familiarity with transaction monitoring tools and systems, and the ability to leverage technology for efficient and effective monitoring in accordance with EU and UK standards.
- Excellent analytical skills, with the ability to interpret complex financial data, identify patterns, and draw sound conclusions aligned with EU and UK regulations.
- Strong problem-solving and decision-making abilities, with the capacity to exercise judgment and make appropriate recommendations within the EU and UK regulatory requirements
COMPANY BENEFITS
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Competitive salary package.
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Professional development opportunities to enhance your career.
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Dynamic and innovative working environment.
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Opportunity to work with a diverse team of professionals.
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Flexible working hours and work-life balance initiatives.
Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be responded to.
If you are an experienced compliance professional looking to make a significant impact within a forward-thinking Fintech company, we encourage you to apply for this exciting opportunity today!