Transaction Monitoring Analyst
On-siteSydney, New South Wales, Australia
Job Summary
Investigate and disposition alerts generated by the AML transaction monitoring system, providing clear, evidence-based rationale for each decision. Apply a risk-based approach to assess customer activity, transaction patterns, and ML/TF risk factors while conducting thorough investigations into potentially suspicious transactions. Review relevant customer information including KYC, expected activity, transaction history, counterparties, and source of funds. Document analysis outcomes and escalate matters of concern to the Regulatory Reporting team. Address feedback and remediation actions from Quality Assurance and First Line Monitoring. Support the testing implementation of new transaction monitoring rules and system enhancements.
Required Qualifications
- 2 - 4 years' experience in transaction monitoring within banking / financial services industry
- Strong critical-thinking skills & understanding of transaction monitoring & suspicious activity investigations
- Demonstrated ability to apply a risk-based approach, including assessing customer & transactional risk & determining the appropriate depth of investigation
- Knowledge of Suspicious Matter Reporting requirements
- The ability to identify red flags from typologies
- Familiarity with relevant banking codes of practice & other legislation including Privacy act
- Excellent attention to detail, demonstrable analytical skills & a high level of discretion
- The ability to manage competing priorities & plan own work effectively & efficiently
- Excellent verbal & written communication skills
Desired Qualifications
- Experience in RiskShield/ Pega or similar workflow tools used highly regarded
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