Transaction Monitoring Controls VP

Job Title: Transaction Monitoring Controls VP 

Location: London - Hybrid (2 days in the office per week)

Contract Length - 6 Months 

Hours: 35 

Pay Type: PAYE 

Barclays Overview

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

We are an equal opportunity employer, and we are opposed to discrimination on any grounds.

Diversity and Inclusion

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.  

If you would like some flexibility, then please discuss this with the hiring manager.

Transaction Monitoring VP

Transaction Monitoring VP at Barclays plays a crucial role in safeguarding the bank against financial crime, ensuring regulatory compliance, managing risks, and leading teams responsible for monitoring suspicious financial activities. The role demands a combination of leadership, regulatory knowledge, technical expertise, and an ability to collaborate across various functions within the organization.

Key Responsibilities:

• Manage the daily operations of transaction monitoring teams.

• Ensure that all transactions across the bank are adequately screened for potential financial crime risks.

• Supervise the handling of alerts generated by the bank’s monitoring systems, ensuring timely investigation and resolution.

• Identify potential risks related to transaction monitoring and financial crime, and implement appropriate controls to mitigate them.

• Continuously assess the effectiveness of the bank's transaction monitoring systems and recommend improvements where necessary.

• Designing rules into a system 

• Understanding the rules 

• Analytical Data/ Coding 

• Senior Stakeholder Relationships 

• Maintaining the product - produce the outcome end - end 

• Optimizing rules/ tuning 

• Evaluate and enhance the effectiveness of transaction monitoring systems, such as automated software tools (e.g., Actimize, Fircosoft).

• Drive the adoption of new technologies like artificial intelligence (AI) and machine learning to improve the accuracy and efficiency of monitoring processes.

• Analyze trends and patterns in transactional data to detect emerging risks and suspicious activities.

• Prepare and present reports to senior management and the Board on financial crime risks, mitigation strategies, and monitoring performance.

• Develop and maintain transaction monitoring policies and procedures that align with Barclays' overall compliance framework and regulatory requirements.

• Ensure that the transaction monitoring framework is aligned with industry best practices and evolving regulatory expectations.

About You - Essential Experience 

• Have worked in a Senior Transaction Monitoring position previously

• Have used Actimize system previously

•  Senior Change Management experience 

• Senior Stakeholder management experience up to C Suite Level 

• Life Cycle of maintaining a Rule 

• A clear understanding of the steps to getting tasks approved (Governance)

• 3 lines of Defence (3LOD) method 

Desirable -

•  A Finance/ Mathematics/ Business or similar Degree 

  Purpose and Values 

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.

Integrity

We operate with honesty, transparency and fairness in all we do.

Service

We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.

Excellence

We champion innovation, and use our energy, expertise and resources to make a positive difference.

Stewardship

We prize sustainability and are passionate about leaving things better than we found them.