An international Fintech firm is searching for a Senior Transaction Monitoring Analyst to join their team in Malta. You will be responsible for ensuring the company's adherence to the regulatory standards set forth by the European Union (EU) and the United Kingdom (UK) in transaction monitoring. You will play a pivotal role in developing, implementing, and maintaining robust compliance frameworks to mitigate risks and ensure regulatory compliance. Additionally, you will be responsible for reporting regulatory updates and risks to the Risk Committee. This position requires in-depth knowledge of EU and UK regulatory frameworks, strong analytical skills, and a keen eye for identifying suspicious activities. The ideal candidate will have at least 3 years’ experience in a similar role, preferably within the financial services industry, with a strong focus on EU and UK regulatory compliance and transaction monitoring. If you are looking to join a great firm, then please send your CV for this Malta based Senior Transaction Monitoring Analyst role today!
DUTIES AND RESPONSIBILITIES
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Review corporate clients to assess AML and fraud risk
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Monitoring client transactions in line with the Monitoring Policy
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Review incoming, outgoing and internal payments to assess rationale
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Conduct client sample testing in line with defined program
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Ensure compliance alerts are cleared in a timely fashion
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Master various compliance platforms and systems to streamline department workflow
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Identify suspicious activity and follow the process to report these where required
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Involvement in the delivery of compliance projects ensuring technical excellence and a practical, business-driven approach
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Stay updated by participating in educational opportunities; reading professional publications
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Responding to queries from various business units promptly and efficiently
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Liaise with internal and external parties in relation to RFI requests
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Work with the front office/client services to give clear direction on customer due diligence requirements.
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Conduct in depth analysis of multi-party payment flows and document the control framework.
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Review corporate, payment service providers and merchant clients to assess AML and fraud risk.
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Develop and enhance existing transaction monitoring program to facilitate mass payment monitoring.
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Production of MI and reports to enable business to assess key risks.
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Support the delivery of compliance training to new members of the department.
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Work closely with the Head of transaction Monitoring to identify any major issues in relation to compliance.
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On-board clients across multi - sectors and jurisdictions in line with internal policy and external guidance
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Strengthening the onboarding and monitoring controls to compensate for the enhanced risk that this diverse client base presents
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Ensure the Company continues to operate within the agreed parameters set out with external parties
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To continually develop and maintain a level of compliance, fraud and AML expertise in the business
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Assist the Head of Transaction Monitoring by providing guidance, regulatory and financial crime advice as required
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Ability to act as an escalation point for junior members of the team
CANDIDATE PROFILE
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Bachelor’s degree in finance, Business, or a related field. A relevant professional certification (e.g., ACAMS, CFE) is highly desirable.
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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.
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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.
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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.
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Excellent analytical skills, with the ability to interpret complex financial data, identify patterns, and draw sound conclusions aligned with EU and UK regulations.
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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.
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Hybrid working!
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Private health insurance and life insurance covering all employees from day 1 of employment.
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Team building activities and celebrations.
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Sponsored learning/development.
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Employee Assistance Programme (EAP).
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Office fitted out with: Free bar for Friday drinks and Free access to gym
Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to
Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call +356 27780664 for further information.
