Transactions Surveillance Officer

  • GBP400 - GBP500 per day
  • London, England, United Kingdom London England GB
  • Contract, Full time
  • DBFS
  • 05 Jul 18 2018-07-05

The CIB London Branch Financial Security Team (FST) has oversight responsibilities for areas including anti-money laundering (including PEPs and other high risk clients), sanctions & embargoes and anti-bribery. The FST reports to the Head of UK Financial Security, who is also the UK Money Laundering Reporting Officer (MLRO).


Key Accountabilities

The TSO is specifically responsible for:

  • Reviewing thoroughly the TF documentation and CBK transactions (sample chosen using statistical techniques and focussing on High Risk factors) with a view to identifying unusual activity which might require further investigation.
  • Suggesting enhancements or changes to work programmes or focus of review arising from the results of work undertaken.
  • Supporting Investigations team and others involved should there be unusual activity which requires further work.
  • Support the Transactions Monitoring Manager to prepare any required reports and/or management information

Other (Ad hoc)

  • Providing training where appropriate to staff (Compliance and non-Compliance)
  • Report any breaches of legislation or bank policy using the bank's breach reporting procedure and escalate issue to the appropriate area.


Person Specification

Skills & Experience

Mandatory requirement

  • Previous Direct Business experience or Compliance experience in Trade Finance and/or Correspondent Banking.
  • At least 3 years' experience working in a financial crime environment.
  • Strong track record in reviewing evidence in Anti Money Laundering (AML) cases and making decisions to mitigate AML risk / escalate accordingly.
  • Strong report writing skills.

Strongly desired:

  • Product and system knowledge of Actimize or similar transaction monitoring systems
  • Good working knowledge of UK, EU and US sanctions regimes and an understanding of other regimes.
  • Understanding of general AML risk issues - e.g. product, jurisdiction and client-type risk.
  • Ability to assess risk issues, make appropriate judgements and suggest mitigants, in order to present a balanced opinion of key issues to line Management.
  • Strong communication skills, both written and oral, including the ability to present a given issue to Management and argue a case accordingly.
  • Understanding other financial crime risk issues such as bribery and fraud.

Other capabilities

  • Ability to apply holistic approach to identifying, investigating and mitigating financial crime risk in Sanctions and Transactions Monitoring alerts.
  • Excellent team player within a high pressure environment.
  • Self-starter with relevant payments monitoring experience who requires minimal supervision.
  • Proactive approach to all aspects of the role will be essential.
  • Proven ability to make quick decisions whilst also ensuring that all issues have been appropriately considered and mitigated.