Transaction Monitoring Systems Analyst

What is the opportunity

This is an opportunity to join a high performing team and further your career in Financial Crime Risk Management.

The role sits within the UK 2LOD Financial Crime team where you'll be working closely with the Group Financial Crime Compliance Transaction Monitoring team. You'll also collaborate with the 1LOD Financial Crime Risk, UK Change and bank technology teams and external vendors to ensure AML/CFT transaction monitoring coverage is adequate and controls are effective.

In this role you will:

• Oversight and evaluation of the system effectiveness, proposing enhancements to improve detection and accuracy of suspicious activity and working with Group Financial Crime Compliance and third parties where independent testing is required.
• Design and optimise system rules for AML/CFT threats and typologies tailored to the BOI UK product offering, ensuring alignment with regulatory requirements and product risk.
• Provide in-depth analysis to monitor transaction data trends, implement rule tuning, and ensure the adoption of machine learning to enhance efficiency is deployed in an appropriate manner.
• Ensure the current UK Transaction Monitoring framework is accurately documented, including product coverage, system configuration, rule parameters.
• Understand the technical aspects of Financial Crime Compliance systems and make recommendations to simplify future system maintenance/change by introducing new methods or adopting new tools.
• Participation in the Group Transaction Monitoring Oversight forum, ensure MI provided is accurate and advocate for changes required to the UK instance of the TM system.
• Present key findings and recommendations to the UK MLRO and 1LOD senior management and provide check and challenge of MI produced by 1LOD FC Risk or Group Financial Crime Compliance.
• Ensure alignment to the Group Financial Crime Policy and adequate coverage of TM across BOI UK and provide input into the interpretation of upstream UK Financial Crime transaction monitoring requirements.

What will make you stand out?

Proven experience in a senior-level transaction monitoring role, with particular knowledge and expertise of AML/CFT transaction monitoring system oversight, threat assessment, product typologies, rule tuning, data accuracy oversight controls.

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

Strong knowledge of the regulatory environment and key AML and anti-terrorism legislation.

Ability to provide intellectual rigor to risk assessment, development of business solutions and decision making.

Strong business knowledge of risk frameworks, processes, products and systems and extensive exposure to, and appreciation of key financial crime issues faced by the financial services industry.

Financial and analytical acumen with the ability to handle a very broad and diverse agenda.

Essential Qualifications

There are no minimum educational requirements for this role.

More about the team

The UK Financial Crime team is part of the UK Risk function in BOI UK. They are responsible for crafting and maintaining a Financial Crime Risk management framework, policies, standards, and processes. These measures align with Bank of Ireland Group to effectively identify, measure, mitigate, report, and manage Financial Crime risks in the UK business units. The team operates as a 'second line of defence' within the three lines of defence model, setting common standards, tools and methodologies for management of Financial crime risks across the UK and providing quality advice and guidance to the business.

Why work with us

The Bank of Ireland company culture prioritises work-life balance with an opportunity for flexible working, along with 24 days annual leave and excellent pension contributions. Family can mean different things to different people; we offer 6 months paid leave, an innovative fertility and surrogacy policy and working parent supports.

Your wellbeing is important to us; we have an employee assistance program, WebDoctor and financial wellbeing coaches available. We also encourage and support staff to pursue educational and professional qualifications to grow and enhance your career!

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Key Competencies

• Manage Risk - Self
• Champion Transformation - Self
• One Group, one team - Self
• Agile - Self
• Accountable - Self