Transaction Monitoring Manager
Overview
You will be joining a fast-growing consulting team to lead and deliver Transaction Monitoring (TM) projects for our banking and payment facilitator clients.
The successful candidate will be experienced in delivering end to end business and technical enhancements on Transactions Monitoring systems, covering compliance level risk assessment (advisory), typologies/rule design, typology optimisation, data analysis, segment definition and effectiveness analysis. The candidate must be self-motivated and comfortable within a client facing environment, including leading workshops, advisory, presentation and delver documents in a clear structured and high-quality content.
Core responsibilities
As a senior manager / manager, you will be expected to use your industry experience and expertise to formulate comprehensive and well considered TM solutions to clients’ challenges.
Externally, the individual will also be expected to keep up-to-date with new TM market practices and trends. Internally, participate in marketing, knowledge sharing and practice development.
Key Responsibilities
- Leading Anti- Financial Crime (AFC) delivery on TM projects, including development of tuning and optimisation framework, conducting reviews of client’s processes and procedures, support regulatory or audit reviews, advising on TM technology, optimisation, and remediation programmes
- Define and lead on TM model optimisation, industry monitoring typology risk assessment methodology and overall control framework in building an effective Transaction Monitoring programme
- Leading and developing strong relationships with project stakeholders
- Supporting with planning, status update and support project governance
- Supporting business development and drafting proposals to identify new prospects
Business skills (50%)
- Strong understanding of the AFC compliance risks relevant to Transaction Monitoring (e.g. money laundering, terrorist financing, fraud, bribery and corruption, capital surveillance)
- Good appreciation on conventional Transaction Monitoring typologies and industry practices
- Good appreciation of KYC standards that can be leveraged to fine tune TM models
- Good appreciation of TM alert investigation process
- Hands-on capability in defining change governance, project management and business analyst background. Must demonstrate strong capability to define and articulate approach
Technical skills (50%)
- (Must have) Hands-on experience in defining and leading model validation and system tuning from inception to completion
- Hands-on understanding on minimum of one TM systems, rule designs, segment designs, technical design and processes (e.g NICE Actimize, Oracle Mantas, SAS, FiServ)
- Good Excel, SQL and Data Analysis on high volume of transaction data
Personal skills / values
- Confidence to credibility with clients from project inception
- Self-motivation individual willing to learn new concepts, with excellent analytical skills and proven problem-solving skills
- Excellent verbal and written communication skills at business and technical levels
- Strong appreciation of business and delivery risks
- A high degree of integrity and the drive and willingness to succeed; and
- Strong team ethos and ability to work efficiently and accurately under pressure and minimal supervisions
- Managing and mentoring junior colleagues during projects
About Plenitude Consulting
Plenitude is a niche consultancy, specialising in Financial Crime Risk and Compliance and are appointed to the Financial Conduct Authority’s Skilled Persons panel for Financial Crime. Our focus is firmly on addressing the legal, regulatory, reputational and social imperative for financial institutions to take diligent and rigorous steps to mitigate financial crime risks.
We help our clients meet their regulatory obligations and reduce their financial crime risk exposure by providing deep subject matter expertise, advisory and transformation services. Our services are augmented with subscription products that gives our clients enhanced insight into the vast array of Financial Crime Compliance (“FCC”) laws, regulations, guidance and risk indicators, to more effectively manage financial crime risk while reducing overall costs.
We work with a wide array of financial institutions including retail, commercial and investment banks, insurance companies and asset management firms across UK, Germany, France, Nordics and the EU, and have provided advisory services on some of the largest and most complex FCC transformations in the industry, across multiple jurisdictions. Our proven track record includes working with 6 of the 14 global banks subject to the Systematic Anti-Money Laundering Programme (“SAMLP”) in preparation for the review and response programmes.
Our consultants come from a variety of backgrounds and disciplines across consulting, in-house financial crime compliance, regulators and law enforcement. This blend of skills and perspectives guarantees a practical and proven approach based on deep industry expertise, and we have been praised for our integrity and transparency at every step of our engagements.
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