Transaction Monitoring Analyst (Remote)

Location - European timezone Remote

Salary - up to 60,000 EUR (~50,000 GBP)

As a Transaction Monitoring Analyst at Nivoda, you'll be at the forefront of safeguarding our organisation against financial losses due to fraud. Your responsibilities will include monitoring and analysing customer orders and financial transactions to detect and prevent suspicious activities related to fraud and other financial crimes. You'll collaborate closely with various departments to mitigate fraud, build data driven transaction monitoring and reporting dashboards, investigate flags and incidents, and ensure loss rates stay below tolerance levels.

This role offers you the opportunity to make a significant impact by ensuring that Nivoda’s transaction monitoring system works effectively and fraud is prevented or detected in time. You'll have exposure to top management, work on a global scale, and collaborate closely with the Fraud Prevention Manager & Director of Risk.

About us:

Nivoda’s B2B diamond and gemstones marketplace allows jewellery retailers to save time and money whilst gaining access to a global diamond supply at the best prices, with zero inventory risk.

With a team of over 300 dedicated employees around the world and a wealth of experience in the industry, Nivoda has developed an award-winning solution that enables jewellery businesses of any size, in any location, to buy and sell diamonds in the most profitable, efficient and hassle-free manner.

Over the course of the last six years, Nivoda has evolved into a global platform recognised for its innovation, customer service and ability to deliver a seamless, reliable and efficient experience.

Since its launch in 2017, Nivoda has remained true to its founding mission: build the trusted global marketplace for the jewellery industry by delivering modern tools and quantitative ROI.

What you’ll do:

• Advice and support Nivoda in the development and enhancement of the transaction monitoring system, processes and procedures.

• Monitor daily customer and supplier transactions for unusual or suspicious activity.

• Review alerts generated by the transaction monitoring system and perform detailed investigations.

• Analyse patterns and trends to identify potential fraudulent activities, money laundering, and other financial crimes.

• Conduct thorough investigations on suspicious transactions and prepare comprehensive reports.

• Escalate and report suspicious activities to the Fraud Prevention Manager or relevant authorities as required.

• Maintain detailed records of investigations and outcomes.

• Work closely with other teams, including the Sales, Account Management, Supplier, KYC and Finance team, to ensure a cohesive approach to fraud prevention & detection.

• Communicate findings and recommendations to …