Remote Manager, Transaction Monitoring

Summary

Join Onbe, a fast-growing FinTech company, as the AML Transaction Monitoring Manager to play a vital role in mitigating risks related to money laundering, terrorism financing, and other financial crimes. This role will involve creating a methodology for monitoring financial transactions, investigating flagged transactions, and providing ongoing training and awareness programs for staff.

Requirements

• 5+ years of experience in AML/CTF financial compliance and regulations
• Demonstrate knowledge of money laundering and terrorist financing typologies to recognize unusual/suspicious activity
• In-depth, hands-on knowledge of AML/CTF typologies
• Experience working hands-on with cross-functional teams, such as Legal, Engineering, Product Management, Data, and Operations in building compliance processes and systems
• CAMS certification preferred
• Advanced Proficiency in Excel functions such as VLOOKUP, pivot tables, data analysis, conditional formatting, macros, and complex formulae. The ability to efficiently manipulate and analyze large datasets is crucial for conducting in-depth investigations and generating reports
• SQL Proficiency and proven understanding of Structured Query Language (SQL) to query databases effectively. This skill is valuable for retrieving and analyzing data directly from databases, enabling the investigation manager to conduct thorough analyses of transactional information and identify patterns or anomalies

Responsibilities

• Define parameters, thresholds, and scenarios for monitoring transactions
• Establish clear protocols for investigating flagged transactions, including thorough reviews and analysis of supporting documentation
• Document all investigative findings, actions taken, and decisions made during the review process comprehensively
• Define escalation paths for suspicious activities, ensuring timely reporting to compliance officers or relevant authorities as per regulatory guidelines
• Utilize sophisticated data analysis techniques to identify patterns, trends, and anomalies indicative of suspicious behavior
• Create detailed reports highlighting suspicious activities, including clear recommendations for further action or resolution
• Investigate alerts to identify potentially suspicious activity per Anti-Money Laundering (AML) compliance protocols and procedures. Determines the need for Suspicious Activity Reports (SARs) during investigations and fulfills regulatory filing obligations as required
• Conduct periodic reviews of the monitoring methodology to incorporate feedback, adapt to new risks, and align with changing regulatory requirements
• Provide ongoing training and awareness programs for staff to ensure they are updated on new threats, changes in regulations, and best practices
• Cultivate collaboration among departments, such as Compliance, Legal, Operations, and IT, to capture diverse insights and improve monitoring effectiveness
• Establish mechanisms for feedback from frontline staff and analysts to refine monitoring parameters and procedures

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Wellness programs
• 401(k) matching
• Open time off
• Generous parental leave