The Role
Oversee transaction monitoring processes to ensure compliance with regulatory and anti-money laundering standards, leading a team and optimizing operations.
Summary Generated by Built In
Our client is an FCA -regulated payments and remittance business dedicated to providing innovative payment solutions that connect frontier markets.
Job summary
They are seeking an experienced and detail-oriented Transaction Monitoring Manager to oversee the transaction monitoring processes ensuring compliance with regulatory requirements and anti-moneny laundering (AML)standards.
Key Responsibilities:
- Develop, implement, and continually improve the transaction monitoring frameworks to detect and prevent suspicious transactions.
- Lead the transaction monitoring team to review flagged transactions, investigate alerts and escalate suspicious activity appropriately.
- Ensure compliance with relevant AML,CFT and sanctions regulations issued by FCA and other relevant authorities.
- Monitor and analyse transaction patterns to identify trends, suspicious activities,and potential risks.
- Collaborate with compliance, fraud prevention and legal terms to develop automated solutions that streamline compliance operational processes.
- Maintain accurate records of monitoring activities, investigations, and reporting to regulators.
- Conduct regular staff training on AML ,fraud detection, and transaction monitoring procedures.
- Keep abreast of regulatory changes, emerging threats, and industry best practices.
- Prepare reports for senior management and regulatory authorities as required.
- Evaluate and recommend technology tools to enhance automation and efficiency in compliance operations.
Job Requirements
- Bachelor's degree in Finance, Accounting, Law, or a related field (relevant professional certifications are a plus).
- Proven experience in transaction monitoring, AML compliance, or fraud prevention within a financial services or payments environment.
- Strong understanding of FCA regulations related to AML, CTF,sanctions, and payments compliance.
- Experience with transaction monitoring systems (e.g., Firco, Actimize, SAS, etc.) is highly desirable.
- Comfort in handling and leveraging compliance and monitoring technology tools.
- Demonstrated ability to propose and implement automation solutions for operational efficiency.
- Excellent analytical and investigative skills.
- Strong leadership and team management capabilities.
- High attention to detail, with the ability to handle complex investigations under pressure.
- Excellent communication and stakeholder engagement skills.
- Certification in AML or compliance (e.g., CAMS, ICA, ACAMS).
- Experience working within FCA-regulated financial institutions or payment companies.
- Knowledge of emerging financial crime threats and monitoring techniques.
Skills Required
- Bachelor's degree in Finance, Accounting, Law, or related field
- Proven experience in transaction monitoring, AML compliance, or fraud prevention
- Strong understanding of FCA regulations related to AML, CTF, sanctions, and payments
- Experience with transaction monitoring systems (e.g., Firco, Actimize, SAS)
- Certification in AML or compliance (e.g., CAMS, ICA, ACAMS)
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The Company
What We Do
eRecruiter Nigeria is a recruitment consultancy that helps employers find candidates by offering services in talent acquisition, recruitment, outsourcing, and payroll, aiming to reduce cost-per-hire.
