Compliance Analyst (Transaction Monitoring) - New York
About The Position
Sokin is hiring a Compliance Analyst to review and investigate transaction monitoring alerts across relevant products and payment channels, including fiat payments and, where applicable, virtual currency transactions. The role assesses customer activity against business profiles, expected transaction volumes, source of funds, and stated transaction purposes, and identifies unusual patterns and financial crime indicators. The analyst reviews sanctions and PEP screening alerts, conducts virtual currency wallet and transaction screening with third-party blockchain analytics tools, and reviews relevant Travel Rule information where applicable. The role includes preparing information requests, documenting investigations and recommendations, escalating risks, and supporting the preparation of SARs and STRs, subject to review and approval. Working with Compliance, KYC, Operations, and Customer Support, the analyst manages investigation records and deadlines, applies quality assurance feedback, and contributes to improvements in monitoring rules, procedures, and reporting. Sokin describes its culture as agile and flexible and is committed to an inclusive work environment.
Requirements
- Experience in transaction monitoring, AML investigations, financial crime compliance, or a related role within banking, payments, fintech, or a money services business.
- Working knowledge of anti-money laundering and counter-terrorist financing requirements, sanctions screening, customer due diligence, and suspicious activity escalation.
- Strong analytical skills, including the ability to interpret transaction data, identify unusual patterns, and distinguish relevant facts from unnecessary detail.
- Clear written communication skills, including the ability to produce concise investigation summaries and evidence-based recommendations.
- Strong attention to detail, sound judgement, and confidence in raising concerns or seeking guidance when needed.
- Good organisational skills and the ability to manage multiple investigations, prioritise risk, and meet deadlines.
- Effective interpersonal skills and the ability to collaborate across teams while handling sensitive information confidentially.
- Proficiency in Excel or similar spreadsheet tools and experience using transaction monitoring or case management systems.
- A relevant degree, professional qualification, or equivalent practical experience.
- Must have the right to work in the jurisdiction where the candidate is seeking employment.
Responsibilities
- Review and investigate transaction monitoring alerts across relevant products and payment channels, including fiat payments and virtual currency transactions where applicable.
- Assess customer activity against business profiles, expected transaction volumes, source of funds, and stated transaction purposes.
- Identify unusual patterns, inconsistencies, and financial crime indicators, including structuring, rapid movement of funds, and unexplained third-party payments.
- Review sanctions and Politically Exposed Person (PEP) screening alerts, document findings, and appropriately escalate potential matches.
- Conduct virtual currency wallet address and transaction screening using third-party blockchain analytics tools, and review relevant Travel Rule information where applicable.
- Prepare clear requests for information and supporting documents, set response deadlines, and track outstanding requests.
- Document investigations, supporting evidence, risk assessments, and recommendations in case management systems.
- Escalate suspicious activity, material risks, and unresolved concerns to the Transaction Monitoring Manager or MLRO in accordance with internal procedures.
- Support the preparation of Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), subject to review and approval.
- Recommend actions within the role’s authority, including enhanced monitoring, further due diligence, or transaction restrictions.
- Collaborate with Compliance, KYC, Operations, and Customer Support to resolve cases and communicate information requests appropriately.
- Maintain accurate records and trackers, meet investigation deadlines, and apply feedback from quality assurance reviews.
- Identify recurring issues and contribute to improvements in monitoring rules, procedures, and reporting.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
