Transaction Monitoring Analyst at Duplo

Responsibilities

• Review and analyze transactional alerts generated by systems, checking for patterns like structuring or layering.
• Escalate high-risk cases and file Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs).
• Ensure compliance with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) regulations.
• Spot unusual behavior and understand financial flows.
• Analyze transactions and identify suspicious and unusual patterns and behaviors.
• Ensure suspicious transactions are flagged for additional reviews, and liens are placed on confirmed suspicious inflows.
• Contact customers to verify the authenticity of transactions using the enterprise’s applications and tools.
• Report suspicious outflows to beneficiary institutions and collaborate with external parties, including financial institutions and law enforcement agencies, to salvage funds.
• Stay up-to-date with changes in AML laws, financial crime regulations, and industry standards that impact transaction monitoring.
• Assist in the development and review of internal AML policies and procedures, ensuring they remain effective and compliant with the latest regulations.
• Assess the risks associated with flagged transactions and potential money laundering schemes, ensuring the company effectively mitigates these risks.
• Communicate findings and concerns regarding suspicious transactions to senior management and external stakeholders as necessary.
• Engage with external regulators or law enforcement agencies when required, providing necessary information and reports as part of investigations into suspicious activities.
• Participate in AML training programs to stay current on regulatory requirements, trends in financial crime, and effective monitoring techniques.
• Assist in the development of training materials for internal staff on AML procedures, transaction monitoring practices, and recognizing suspicious activities.

Requirements

• A Bachelor’s degree in law, finance or business is preferred.
• Minimum of 2 years work experience in compliance or financial crime, particularly within the fintech or banking sector
• Excellent written and verbal communication skills.
• Strong problem-solving skills, with the ability to work in ambiguous or fast-paced environments.
• Excellent organizational skills and attention to detail.