Transaction Monitoring Analyst

Job Description

An exciting opportunity has arisen to join our Financial Crime team. We are seeking a Transaction Monitoring Analyst who will play a critical role in ensuring the company's compliance with financial crime regulations through the detection and prevention of financial crime. Prior experience of Transaction Monitoring, transactional analysis, SAR disclosures and DAML are a key requirement of this role.

What you'll do

• Review transaction monitoring alerts to identify instances of financial crime and fraud, including money laundering, terrorist financing, sanctions violations, bribery, and corruption.
• Detect and highlight unusual patterns and suspicious activities through meticulous monitoring of transaction histories and account behaviour.
• Utilise comprehensive customer information to conduct in-depth investigations into trends and typologies.
• Undertake transactional analysis to thoroughly investigate the alert to determine if it should be discounted or disclosed to the NCA.
• Draft SARs for disclosure, including a clear and robust rationale on financial crime concerns and the identifying any proceeds of crime and DAML requirements.
• Maintain meticulous records and generate insightful reports detailing actions taken on accounts.
• Provide support to the Financial Crime Manager and Head of Financial Crime in various ad hoc tasks.
• Undertake additional reasonable duties that may arise periodically, contributing to the overall effectiveness of the team and organisation.

What you'll have

• Strong technical knowledge of the UK financial crime regulatory regime across all areas of financial crime, including AML, CTF, Fraud, Sanctions, PEPs, ABC, and Market Abuse.
• Comprehensive understanding of businesses, structures, governance, control frameworks, and process & control infrastructures within the financial services sector.
• Experience of transactions monitoring systems, analysing alerts, SAR and DAML disclosures.
• Ability to work independently and engage with people at all levels of the business.
• Strong analytical skills and the ability to work well within a team,
• Educated to degree level or equivalent relevant professional qualification.
• Experience in a similar Financial Crime role within Financial Services, preferably in the pensions or platform sector.
• Expert knowledge of FCA expectations relating to financial crime, JMLSG guidance, and relevant financial crime legislation.
• Excellent analytical ability and attention to detail.
• Strong communication skills, including report writing and presentation abilities.
• Developed influencing and negotiation skills.
• Resilience, tenacity, and the ability to provide effective challenge.

AJ Bell is one of the fastest-growing investment platform businesses in the UK offering an award-winning range of solutions that caters for everyone, from professional financial advisers, to DIY investors with little to no experience. We have over 528,000 customers using our award-winning platform propositions to manage assets totalling more than £83.7 billion. Our customers trust us with their investments, and by continuously striving to make investing easier, we aim to help even more people take control of their financial futures.

Having listed on the Main Market of the London Stock Exchange in December 2018, AJ Bell is now a FTSE 250 company.

Headquartered in Manchester with offices in central London and Bristol, we now have over 1,400 employees and have been named one of the UK's 'Best 100 Companies to Work For’ for six consecutive years.

At AJ Bell you can expect a friendly working environment with a strong sense of teamwork, we have a great sense of pride in what we do, and this is reflected in our guiding principles.

Our perks and benefits

• Stating salary of up to £35,000 (DOE)
• Starting holiday entitlement of 25 days, increasing up to 31 days with length of service
• Holiday buy and sell scheme
• A choice of pension schemes with matched contributions up to 6%
• Discretionary bonus scheme
• Annual free share awards scheme
• Buy As You Earn (BAYE) Scheme
• Health Cash Plan – provided by Medicash
• Discounted private healthcare scheme and dental plan
• Free gym membership, with an on-site gym providing a wide range of free classes
• Employee Assistance Programme
• Bike loan scheme
• Sick pay+ pledge
• Enhanced maternity, paternity, and shared parental leave
• Discounted nursery fees at Kids Planet on Exchange Quay
• Loans for travel season tickets
• Death in service scheme
• Paid time off for volunteer work
• Charitable giving opportunities through salary sacrifice
• Calendar of social events, including monthly payday drinks, annual Christmas party, summer party and much more
• Parking at Exchange Quay
• Personal development programmes built around you and your career goals, including access to personal skills workshops
• Ongoing technical training
• Professional qualification support
• Talent management programmes
• Peer recognition scheme, with rewards including restaurant and shopping vouchers or time off
• Monthly leadership breakfasts and lunches
• Casual dress code
• Access to a range of benefits from our sponsorship deals

Hybrid working

At AJ Bell, our people are the heart of our culture. We believe in building strong connections by working together. That's why we offer a hybrid working model, where you’ll spend a minimum of 50% of your working time per month in the office. For new team members, an initial period will be full-time in the office to help you immerse yourself in our business and build valuable relationships with your colleagues.

AJ Bell is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and all employees are empowered to bring their whole self to work.

We do not discriminate on the basis of race, sex, gender identity, sexual orientation, age, pregnancy, religion, physical and mental disability, marital status and any other characteristics protected by the Equality Act 2010. All decisions to hire are based on qualifications, merit and business need.

If you like the sound of the above, or just want to know more about the company and the role, we'd love to speak to you.