Hiring for Transaction Monitoring Specialist – Remote
We are looking for experienced professionals for a Transaction Monitoring role with expertise in Correspondent Banking. This is a remote opportunity requiring a strong understanding of financial crime compliance and AML regulations.
Responsibilities
- Conduct transaction monitoring for various customer types, including Individuals, Corporates, MSBs, Financial Institutions (FIs), and Government Entities
- Review alerts and transactions to identify potential money laundering and suspicious financial activities
- Perform in-depth reviews of high-risk accounts, analyze transaction trends, and detect unusual patterns
- Raise Requests for Information (RFIs) to respective banks for additional client details when required
- Identify and escalate red flags or suspicious activity to Level 2 teams for Suspicious Activity Report (SAR) filings
- Work on complex AML scenarios such as rapid fund movements, high-value transactions, PEPs, burst activity, and deviations from standard behavior
- Monitor transfers to/from high-risk jurisdictions, ensuring compliance with global regulatory standards
- Conduct negative news screening using tools like LexisNexis, World-Check, and DDIQ to assess reputational and compliance risks
- Draft comprehensive narratives detailing alerts, transaction analysis, and recommendations on escalation or case closure
- Apply a strong analytical approach, attention to detail, and proficiency with industry-standard AML tools
Candidate Profile
- Mandatory experience in Correspondent Banking
- Strong knowledge of AML compliance, transaction monitoring, and fraud detection
- Familiarity with global AML regulations, risk assessment frameworks, and compliance best practices
- Ability to analyze large transaction datasets and identify suspicious financial patterns
- Experience working with AML screening tools and case management systems
- Excellent analytical, problem-solving, and documentation skills