Job Description
Job Summary:
The Transaction Monitoring Analyst L2 is responsible for reviewing, investigating, and assessing potential suspicious financial activity flagged by the Level 1 analysts or automated transaction monitoring systems. This role involves a more detailed review of flagged transactions, escalation to senior levels when necessary, and ensuring adherence to AML (Anti-Money Laundering) regulations and internal policies.
Key Responsibilities:
Review Escalated Alerts: Analyze and investigate alerts escalated from L1 transaction monitoring teams to assess the nature of potential suspicious transactions.
Detailed Investigation: Conduct enhanced due diligence on transactions flagged for unusual or potentially suspicious activity.
Escalation and Reporting: Escalate high-risk or confirmed suspicious activities to L3 analysts or the compliance department for further review. Prepare Suspicious Activity Reports (SARs) where necessary.
Transaction Monitoring Systems: Work with AML software to identify patterns, track transactions, and improve the efficiency of automated monitoring systems.
Communication: Liaise with various departments, including compliance, legal, and operations, to gather supporting information required for investigations.
Document Findings: Clearly document findings and recommendations for each case in the monitoring system, ensuring all steps of the investigation are traceable and compliant.
Regulatory Adherence: Stay updated on AML regulations, industry best practices, and organizational policies related to financial crime.
Continuous Improvement: Provide feedback to improve the transaction monitoring system’s algorithms and support system tuning efforts.
Support Team Training: Assist in training L1 analysts and participate in team discussions on typologies, trends, and AML regulatory changes.
Qualifications & Skills:
Educational Background: Bachelor’s degree. Certifications in AML (e.g., CAMS)
Experience: 3-5 years of experience in transaction monitoring or financial crime investigations, with a focus on AML, fraud detection, or compliance.
Job Details
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Job Location
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Dubai United Arab Emirates
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Company Industry
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Other Business Support Services
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Company Type
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Unspecified
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Employment Type
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Unspecified
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Monthly Salary Range
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Unspecified
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Number of Vacancies
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Unspecified
