Barclays

Transaction Monitoring Controls

Posted Nov 25, 2024
Project ID: BCLYJP00050990
Location
Greater London, England
Hours/week
35 hrs/week
Timeline
6 months
Payrate range
Unknown

Job Title: Transaction Monitoring Controls

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

Contract Length - 6 Months 

Hours: 35 

PAYE only 

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:

  • System Assessment and Improvement: Regularly evaluate the effectiveness of the system AML Actimize, proposing enhancements to improve detection and accuracy.

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

  • Data Analytics: Utilize analytical and coding skills to monitor transaction data trends, implement new rules, assess existing rules, tuning rules, and drive the adoption of tools to enhance efficiency.

  • Develop reports on financial crime risks and monitoring outcomes, presenting key findings and recommendations to senior management.

  • 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.

  • Expertise in transaction monitoring 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. 



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