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 

PAYE only 

The Vice President of Transaction Monitoring at Barclays plays a vital role in protecting the bank against financial crime. This position focuses on ensuring regulatory compliance, managing risk, and leading teams responsible for identifying suspicious financial activities. This role requires strong leadership, regulatory knowledge, technical proficiency, and cross-functional collaboration skills.

Key Responsibilities:

• Oversee Transaction Monitoring Operations: Lead and manage day-to-day activities of transaction monitoring teams to ensure comprehensive screening of all bank transactions for potential financial crime risks.

• Alert Management and Risk Mitigation: Supervise the resolution of alerts generated by monitoring systems, ensuring timely investigations and appropriate risk control measures.

• System Assessment and Improvement: Regularly evaluate the effectiveness of transaction monitoring systems, proposing enhancements to improve detection and accuracy.

• Rules and Controls Development: Design and optimize system rules for financial crime monitoring, ensuring alignment with regulatory and compliance standards.

• Data Analytics and Emerging Technologies: Utilize analytical and coding skills to monitor transaction data trends, implement rule tuning, and drive the adoption of AI and machine learning tools to enhance efficiency.

• Stakeholder Engagement and Reporting: Develop reports on financial crime risks and monitoring outcomes, presenting key findings and recommendations to senior management and the Board.

• Policy and Framework Alignment: Maintain and evolve transaction monitoring policies to reflect industry best practices, Barclays’ compliance framework, and regulatory updates.

Essential Skills and Qualifications:

• Proven experience in a senior-level transaction monitoring role.

• Proficiency in Actimize, Fircosoft, or similar monitoring software.

• Strong background in change management and governance, with experience engaging stakeholders up to C-Suite level.

• Expertise in rule management, including lifecycle maintenance and optimization.

• Deep understanding of compliance frameworks, including the Three Lines of Defense (3LOD) model.

• Familiarity with regulatory approval processes and governance structures for transaction monitoring.

About Barclays

Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays 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 its service company which provides technology, operations and functional services across the Group.

Values

Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measures and rewards the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Diversity

Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.

Hybrid Working

Barclays is currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Barclays is flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. Barclays also has a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances

Your Benefits

As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants.