Manager, Transaction Monitoring, Financial Crime

Location: London

Other locations: Primary Location Only

Date: 17 Oct 2024

Requisition ID: 1532881

EY is on the lookout for a Manager to become a part of our Financial Crime team within the UK Financial Services Consulting business. In today's competitive market landscape, the essence of success lies in making smart, data-driven choices. The ideal candidate will possess a robust technical background along with core consulting expertise and will play a pivotal role in guiding our clients through strategic and operational change. Joining our team means working with some of the most renowned names in the financial services industry, where your contributions will be vital to our collective success.

The opportunity

We’re currently growing our Financial Crime, Risk Consulting practice to meet increasing demand for our services. This opportunity is specific to an individual with deep experience and knowledge of the transaction monitoring domain. Our recent industry leading work in this area has seen EY release our 3rd industry survey into the state of monitoring and work with some of the leading institutions and vendors in the domain. We are currently seeking an individual to support the build-out of our team and who can extend our capabilities in the domain.

Your key responsibilities

• To lead and work as part of a team to create valuable and practical insights for our clients, adapting methods and practices to fit their business needs.
• Provide input into the development of innovative solutions to address complex financial crime risks and issues and help our clients meet global regulatory expectations.
• Take responsibility for engagement planning, management, and leading teams in a variety of financial crime engagements.
• Support bids and proposals for new client opportunities and grow existing relationships with insights and thought leadership.
• Mentor staff and provide performance feedback for members of your team.

Technical skills and attributes for success

• A clear understanding of the strategic implications of financial crime regulation.
• The ability to articulate the impact of AML/CTF regulations on firms and effectively implement a variety of regulatory directives.
• Understand complex regulation, industry guidance and formulate appropriate points of view.
• Demonstrable experience of transaction monitoring and related transformational projects.
• Understanding of the end-to-end monitoring lifecycle – e.g. data ingestion, detection mechanisms, alert/case management.
• Awareness of the methods and techniques used to maintain monitoring systems – e.g. threshold and segmentation optimisation.
• Awareness of the automated controls development processes – e.g. risk mapping, scenario/control design.
• Appreciation of Model Risk Management frameworks desirable.
• Appreciation of machine learning and artificial intelligence methods evolving in the monitoring domain.

Non-technical skills and attributes for success

Stakeholder Management

• Experience of working with a diverse range of stakeholders and in effectively communicating with stakeholders at all levels, including written and verbal communication.
• Proven track record of building and maintaining strong relationships with stakeholders, including the ability to establish trust and rapport.

Project and people management

• Understanding of project management principles and experience in establishing project governance structure, ways of working and stakeholder update reports and metrics.
• Experience in proactively identifying, managing and addressing project quality, budget and resourcing risks and issues.
• Experience in setting up and managing complex project budgets and forecasts, including ability to identify financial risk.
• Experience in motivating junior members of the team and providing necessary support through feedback and coaching.

Leadership

• Demonstrated leadership skills, including the ability to guide and motivate others, and to make decisions that balance the needs of various stakeholders.
• Experience in leading and managing a team of financial crime specialists, including hiring, training, and performance management.
• Strong communication skills, with the ability to clearly articulate financial crime risks and strategies to a variety of audiences, including senior management and the board of directors.
• Applies problem-solving and critical thinking skills when identifying issues, analysing problems, and devising effective solutions.
• Ability to evaluate information from multiple sources and perspectives to make reasoned judgments.
• Proven ability to work collaboratively with other wider stakeholders across different departments, geographies and cultures and willingness for contributing to a team environment with a positive attitude.
• Demonstrates learning agility, is quick to learn and apply new knowledge and skills, and willing to continuously develop professionally.

To qualify for the role you must have

• Solid experience working with Transaction Monitoring in a FI, vendor or a consultancy practice.
• Strong analytical and problem-solving skills, with the ability to present information in a clear and concise manner.
• Sound technical knowledge of financial services businesses and products.
• Knowledge of payments and payment processing.
• Experience of designing and/or implementing methods and techniques enhance monitoring systems – e.g. threshold and segmentation optimisation.
• Stakeholder management and strong communication skills.
• Experience of leading teams, managing projects and working with others to deliver financial crime engagements.
• Enthusiasm to be involved in business and practice development activities and developing the Financial Crime team.
• Flexibility to travel and work full-time on assignments, as necessary.

Ideally, you'll also have

• Functional knowledge of the UK and European financial crime regulatory environment (with knowledge of the global environment an advantage).
• Knowledge of other areas of financial crime areas would also be beneficial.
• Knowledge of other transactional processing systems such as Correspondent Banking and Trade Finance is desirable.
• Strong academic background, ideally to a degree level or equivalent.

What working at EY offers

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with MyReward you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions.

Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.