Transaction Monitoring & Payment Screening Operations Lead

In a nutshell, we have an exciting opportunity to join OakNorth as a Lead within Transaction Monitoring & Payment Screening Operations! As we expand our banking products, this is an exciting opportunity to be first in as we build out our new Financial Crime Operations Teams! The role is a permanent full-time position.

 

• Support with the refinement, optimisation and automation of system configuration to reduce false positives
• Monitor, review and complete detailed analysis and investigation of transactions referred for possible sanctions, money laundering (ML) & terrorist financing (TF) alerts
• Reviewing transaction alerts and assessing if permissible or requiring investigation
• Conducting thorough investigations of all system-generated sanctions and ML/TF alerts
• Owning individual alert cases and using case management tools in completing alert investigations within required timescales
• Collaborating with external correspondent banks to secure required data to be able to complete investigations of alerts
• Obtaining required evidence for investigations to ensure effective record keeping
• Support the UK Transaction Monitoring & Payment Screening Operations Manager with the amendment of rules and criteria to reduce noise and ensure valuable alerts are flagged accordingly
• Working with Transaction Monitoring, Customer Due Diligence, and Fraud Operations teams as required
• Investigate and resolve any issues or discrepancies identified during the monitoring process.
• Support the UK Transaction Monitoring & Payment Screening Operations Manager in ensuring compliance with relevant regulations, including sanctions and anti-money laundering laws.
• Stay up to date with changes in regulations & legislation and industry best practices related to transaction monitoring and payment screening.
• Deliver meaningful data analysis and insights to drive process improvements.
• Complete Suspicious Activity Reports (SARs) including Defence Against Money Laundering SARs (DAML SAR) and Defence Against Terrorist Financing (DATF SARs).
• Support the bank with law enforcement requests in relation to financial crime.
• As number of business current accounts increases, thereby increasing the number of transactions and Transaction Monitoring & Payment Screening required: hiring, training, managing, and continuously developing new starters in their career path to continually be able to deliver more for the bank at an ever-increasing level of subject matter, quality and overall performance

What do you need to excel in this role?