AML Transaction Monitoring Analyst

Barclays•Hanover Township, NJ

6d•$64,000 - $87,000•Onsite

About The Position

To support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary. This role involves supporting day-to-day Transaction Monitoring initiatives, including reviewing, investigating, and reporting through AML expertise. It requires execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements. The role also involves managing issues and alerts arising from transition monitoring tests, including investigation and resolution, and collaborating with teams across the bank to align and integrate Transaction Monitoring processes. Additionally, it includes identifying areas for improvement, providing recommendations for change, and developing and implementing Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency. The analyst will also identify industry trends and developments to implement best practice in Transaction Monitoring Services and participate in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.

Requirements

In-depth technical knowledge and experience in their assigned area of expertise
Thorough understanding of the underlying principles and concepts within the area of expertise
Self-starter, proactive worker.
Strong Microsoft product skills, co-pilot knowledge.
AML Experience.

Nice To Haves

Ability to work alone.
Strong organisational skills.
Keen to learn.

Responsibilities

Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.