Skills

Time Management Monitoring Problem-solving Trend Analysis Attention to detail E-commerce

Job Specifications

Job Title: Transaction Monitoring Analyst

Location: Chester (3 days in the office as per company policy)

Term: Permanent

Salary: TBD dependent on experience

Reports to: Fraud and Financial Crime Manager

About us

B4B Payments is a multi-award-winning, global financial services technology company offering an advanced transaction payments platform and APIs for emerging payments and financial services. Our flexible technology and comprehensive services include embedded finances, payment accounts, FX, rapid payouts, physical and virtual card issuing, and BIN sponsorship.

With over 18 years of expertise in payments, B4B Payments is headquartered in the UK. In Europe, B4B Payments is regulated as an e-money institution (EMI) authorised by the Financial Conduct Authority (FCA) and the Bank of Lithuania and is a Mastercard(r) Principal Member.

B4B Payments' US division (B4B Payments USA, Inc. ) is based in Boston, MA, and specialises in enabling companies to reduce costs and increase efficiency in managing corporate expenditure and global payouts.

B4B Payments Europe and US divisions offer full and partial program management and support, in addition to comprehensive technical, regulatory, and service support to fintechs looking to launch or grow domestically and internationally.

B4B Payments is a Banking Circle Group company. A next-generation financial technology platform for global commerce, Banking Circle Group comprises a rich set of complementary e-commerce solutions. From international cross-border payments, accounts and liquidity management, and embedded finance to business payments & card issuing, B2B Buy Now Pay Later, and account-to-account payment methods, the ecosystem is delivering modern financial solutions to some of the largest and most successful companies around the world, as they accelerate the digitalisation of their customer and supply-chain.

About the role

The main responsibility of the Transaction Monitoring Analyst will be to conduct thorough reviews of transactions to identify and investigate potential suspicious activity by analysing patterns, conducting investigations and where necessary reporting any findings as necessary to comply with regulatory standards and internal policies.

The successful candidate will assist by identifying risks and suggesting improvements to existing processes.

Responsibilities

Analyse alerts generated by the retrospective transaction monitoring tool to detect any unusual patterns in transactional data.
Conduct a thorough review and analysis of clients' activity based on KYC/CDD information and provided documents.
Compile and send requests for Information (RFI) when further clarity is required during an investigation
Contribute actively to the ongoing enhancement of monitoring rules by identifying emerging trends and proposing innovative monitoring scenarios. This entails closely monitoring industry developments, analysing data patterns, and collaborating with cross-functional teams to develop proactive measures that align with regulatory requirements and mitigate emerging risks effectively.
Perform risk-based transaction reviews in line with AML policies and procedures.
Identify and promptly report any suspected money laundering or terrorist financing red flags to the MLRO Team.
Contribute to the preparation of monthly reports and trend analysis as required.
Develop and maintain a comprehensive understanding of other regulatory aspects of the business, including payment services, e-money, data protection, and the Payment Services Directive.
Undertake additional ad-hoc tasks or projects as directed by the Fraud and Financial Crime Manager or Senior Analysts where required.

Requirements

Essential (Need to have)

Experience of AML/CTF/Sanctions area within the regulated financial sector with 1-2 years of relevant experience in transaction monitoring.
Good knowledge of AML best practices and desire to grow.
Strong analytical and problem-solving qualities and attention to detail.
Excellent communicator in spoken and written English.
Strong business ethic and able to work to deadlines.
Ability to operate proactively, while working alone or as part of a team.
Excellent time management
Accountability and ownership of assigned tasks.

Desirable (Nice to have)

Previous experience working with business clients is advantageous.
Knowledge of payment cards

What we offer

25 days annual leave
Annual wellness day off
Access to retail & other discounts
Vitality health care plan
Access to ''Nous Finance-a smart way to save money''
Learning & development support
Ride-to-work scheme
Employee assistance programme
Regular socials and relaxed working environment

Make a difference:

We're always on the lookout for talented individuals to help take us further - It's important to us to hire the right people in the right role.

Equality: We strive to create a workplace that reflects the diverse communities we serve and where everyone feels empowered to bring their full

About the Company

B4B Payments is a globally recognised and trusted provider of card issuing and embedded payment services. Our team has a market-leading level of experience, knowledge and expertise to help you grow your business with the power of scalable and secure payments and card solutions. We are a proud member of the Banking Circle Group. B4B Payments provides forward-thinking payment processing solutions, which enable any size organisation to manage expenses, simplify payroll and reimbursements, and offer employee rewards and incent... Know more