Job Title: Transaction Monitoring Analyst
Location: London/Hybrid
Term: Permanent / Full-time
Salary: DOE
About us
B4B Payments is part of the Banking Circle Group, a 1,000+ person ecosystem owned by the EQT investment organisation, which also includes Banking Circle (global payments, accounts, liquidity, and FX for financial institutions and regulated businesses), and YOULEND (revenue-based financing).
B4B Payments is an embedded and direct payment services provider offering card issuing and BIN sponsorship, and accounts, payments and FX to businesses, with the tools, APIs and infrastructure to allow clients and partners to build cutting-edge financial services. The B4B Payments leadership team has extensive payments experience, and is committed to driving continued growth and scale as we expand internationally, with a presence in the UK, Europe and US.
We operate as an independent affiliate of Banking Circle, and while we are separate companies, we work closely together to deliver a market-competitive, and continually evolving product offering that augments established EMI licensed cards capabilities from B4B Payments with world-class payments, accounts and FX capabilities from Banking Circle. We are a global and diverse team, with our headquarters in London (UK), and offices in Newcastle (UK), Vilnius (Lithuania) and Boston (US).
About the role
The main responsibility of the Transaction Monitoring Analyst will be to oversee the transaction monitoring area, including but not limited to conducting thorough reviews of transactions for potential suspicious activity, analysing patterns, and escalating any findings as necessary to ensure compliance with regulatory standards and internal policies.
The successful candidate will assist the Team Leader in identifying risks and suggesting improvements to the existing processes.
In addition, the role includes ensuring timely and accurate case handling, maintaining detailed audit trails, supporting regulatory reporting obligations, and contributing to a strong compliance culture across the organisation.
Key responsibilities & accountabilities:
- 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 information and provided documents.
- 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.
- Assess AML risks associated with customer’s data.
- Identify and promptly report any money laundering and terrorist financing red flags to the MLRO.
- Provide recommendations for enhancing internal AML and KYC processes.
- Contribute to the preparation of monthly reports and trend analysis as required.
- Develop 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 MLRO, Compliance team lead and senior management as needed.
Skills & knowledge required:
- Experience of AML/CTF/Sanctions area within the regulated financial sector with 1-2 years of relevant experience in transaction monitoring.
- Proficiency in direct interaction with business clients is advantageous.
- Good knowledge of AML best practices and desire to grow.
- Strong analytical and problem-solving qualities and attention to detail.
- Fluent English both in speaking and writing.
- Strong business ethic and able to work to deadlines.
- Be able to work under minimal supervision.
- Strong time management and ownership of assigned tasks.
Skills & Knowledge Required
Essential:
- Experience of AML/CTF/Sanctions area within the regulated financial sector with 1–2 years of relevant experience in transaction monitoring.
- Proficiency in direct interaction with business clients is advantageous.
- Good knowledge of AML best practices and desire to grow.
- Strong analytical and problem-solving qualities and attention to detail.
- Fluent English both in speaking and writing.
- Strong work ethic and ability to meet deadlines.
- Ability to work under minimal supervision.
Desirable (Nice to have):
- Strong time management and ownership of assigned tasks.
- Professional work ethic, with a strong sense of responsibility.
- Degree-level education or a relevant AML/compliance qualification.
What we offer:
- 25 days annual leave
- Annual wellness day off
- Access to retail & other discounts
- Vitality health care plan
- Learning & development support
- Ride-to-work scheme
- Regular socials and relaxed working environment
Make a difference:
We are always on the lookout for tale