Hybrid AML Compliance Executive – Transaction Monitoring

at OpenPayd

• Job title: AML Compliance Executive – Transaction Monitoring
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: No Education Requirement
• Location requirements: Hybrid, Sofia, Bulgaria

About the role

• AML Compliance Executive focusing on transaction monitoring in digital finance. Analyze alerts and investigate suspicious transactions to ensure compliance with regulations.

Responsibilities

• Review and Analyse transaction monitoring alerts generated by the OpenPayd transaction monitoring tool.
• Assess the alerts for potential suspicious activity, determining the legitimacy of transactions.
• Conduct detailed investigations of potential money laundering activities and suspicious transactions.
• Gather and analyse relevant information, including transaction history, customer profiles and external data sources.
• Communicate with customers to obtain additional information and clarification on suspicious transactions.
• Draft and send Requests for Information (RFIs) in a timely and professional manner.
• Analyse responses and incorporate the information into ongoing investigations.
• Document investigation findings and prepare comprehensive reports.
• Prepare and submit internal SARs based on investigation findings.
• Ensure all SARs are accurate, detailed, and submitted within regulatory deadlines.
• Provide regular updates to the Head of Transaction Monitoring & Fraud on the status of ongoing investigations and alerts.
• Report findings and insights to senior management and internal stakeholders, including the MLRO.
• Assist in preparing reports for senior management and regulatory authorities as required.
• Work closely with the product team to enhance transaction monitoring rules and systems.
• Provide insights and feedback based on investigation findings to improve the effectiveness of monitoring tools.
• Participate in the development and testing of new transaction monitoring features and updates.
• Work closely with other compliance team members and departments to ensure a cohesive approach to AML Compliance.
• Collaborate with external auditors and regulatory bodies during AML audits and examinations.
• Participate in other Financial Crime Compliance and Transaction Monitoring projects as required.

Requirements

• 3+ years transaction monitoring experience in the payments industry.
• Excellent attention to detail, with a strong focus on producing high quality work.
• Ability to handle sensitive information with confidentiality and professionalism.
• A strong understanding of AML compliance regulations, risk management principles and sanction regimes.
• Able to work independently and effectively within a team environment.
• Able to work in a fast-paced work environment.
• Relevant certification (e.g., CAMS, ICA) are preferred but not required.

Benefits

• Health Insurance
• MultiSport card subsidised
• Discretionary Annual Bonus Scheme
• Personal Training allowance
• 25 days annual leave plus bank holidays and an extra day for your birthday
• Extended leave for long service