Transaction Monitoring Analyst

Barclays • Hanover, NJ

7d • $64,000 - $87,000 • Onsite

About The Position

In your new role as a Transaction Monitoring Analyst, you'll play a vital part in protecting the integrity of our operations. You'll support a range of Transaction Monitoring processes, from reconciling data sources that may trigger case openings or suspicious activity reports (SARs), to tracking and escalating technology issues and monitoring daily production metrics. Working closely with Transaction Monitoring operations team leaders, you'll help ensure critical functions are delivered accurately and on time. You'll also contribute to investigations and reviews for higher‑risk customers, including alert analysis, SAR drafting, enhanced due diligence (EDD), and politically exposed persons (PEP) reviews. In addition, you'll conduct independent suspicious activity investigations, perform new account screenings, and review sanctions and PEP screening results — making a direct impact on safeguarding Barclays and supporting its long‑term resilience.

Requirements

• Experience in Credit Cards, Risk & Control, Compliance, Bank Secrecy Act, Anti-Money Laundering or Lending
• Experience in a Transaction Monitoring capacity and knowledge of investigative techniques used in the investigation of financial crimes, preferably prior PEP experience
• Validated Analytical and Problem-Solving skills
• The ability to multi-task and work contending priorities

Nice To Haves

• Previous OFAC/Transaction Monitoring responsibilities & compliance
• Previous USA PATRIOT Act monitoring responsibilities & compliance
• Previous KYC, CDD & EDD research, documentation & verification responsibilities
• Professional BSA or Transaction Monitoring certification(s)

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.
• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
• Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

Benefits

• Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
• This position is eligible for an incentive award.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees