Assistant Manager, Transaction Monitoring & Sanction Screening

We are seeking a highly skilled and motivated Transaction Monitoring & Sanctions Screening Assistant Manager to join our team.

The successful candidate will play a crucial role in ensuring compliance with financial crime regulations, implementing effective monitoring strategies, and leading a team to achieve high standards in transaction monitoring and sanctions screening.

Key accountabilities

• Utilise compliance software and tools to automate and streamline transaction monitoring and screening tasks.
• Perform due diligence on customers, business partners, and transactions to ensure no involvement in sanctioned activities.
• Develop and implement internal procedures to ensure strict adherence to financial and economic screening obligations.
• Monitor and investigate legal and regulatory updates, news publications, and new sanctions enforcement.
• Regularly review and analyse government-issued sanctions lists to identify individuals, entities, or countries subject to sanctions.
• Implement strategies to mitigate risks related to financial and economic crimes, including enhancing due diligence processes.
• Design, implement, and deliver meaningful monthly MI reporting related to transaction monitoring and sanctions screening activities to relevant stakeholders.
• Prepare and submit reports on suspicious activities or sanctions violations to internal stakeholders.
• Oversee and grow the team, establishing and maintaining positive working relationships with all relevant stakeholders.
• Assist with the implementation and management of the anti-financial crime strategy across the business, covering anti-money laundering, terrorist financing, bribery and corruption, and economic sanctions.
• Review and design controls for sanctions/embargoes and anti-bribery and corruption.
• Assess the adequacy of the business’s systems and controls against financial crime risk, managing various reconciliations and manual controls to highlight gaps or weaknesses.
• Sponsor and engage with company values and behaviours, challenging unacceptable behaviours.
• Assist the Senior Business Risk & Internal Controls Manager in ensuring adequate resources within the Transaction Monitoring team.
• Promote a collaborative working environment, facilitating the sharing of ideas and knowledge.
• Support team members dealing with high-profile or urgent investigations.

Requirements

Essential qualifications

• Degree level qualified and/or holds an appropriate professional qualification (ideally ICA / CISA).

Knowledge

• In-depth knowledge of transaction monitoring and sanctions monitoring tools and regulatory frameworks (UK, EU, US).
• Working knowledge of relevant Jersey/Guernsey/UK financial crime regulations and industry best practices.
• Experience with financial crime industry software solutions.
• Knowledge of financial and economic crime monitoring, typologies, tools, industry trends, and atypical behaviour.
• Experience with complex corporate structures, including SPVs and PEPs.
• Ability to present findings logically with evidence of analytical thought processes.

Desirable experience

• Demonstrable financial crime experience in a financial services environment.
• Proven achievement in financial crime-related responsibilities.
• Good product and sector knowledge of the financial services regulatory regime.
• Minimum 6-7 years of experience in a similar role.

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