Financial Crime & Risk Analyst – Transaction Monitoring and Screening
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, delivering real-time Clearing, Payments and Settlement, Deposits, Embedded Banking, and Commercial Banking solutions. With a focus on ownership, accountability, curiosity and compassion, the bank aims for excellence in all we do.
Join our Transaction Monitoring and Screening team and contribute to protecting the Bank and its clients by identifying and mitigating financial crime risks. Your primary responsibilities will include conducting detailed reviews of customer transactions and screening alerts, investigating unusual or suspicious activity, and escalating concerns in line with regulatory requirements. You will collaborate with internal teams to ensure monitoring and screening frameworks remain effective, accurate, and aligned with evolving risk indicators.
We seek a Transaction Monitoring & Screening Analyst to join our First Line (1LoD) Financial Crime Operations team. In this role, you will investigate and resolve alerts generated by our transaction monitoring, payment screening, and name-screening systems, escalating issues to the Second Line of Defence (2LoD) as needed. Experience in a commercial banking context and/or a related onboarding setting, particularly in reviewing complex and high-risk client segments such as Money Service Businesses and other Regulated Financial Institutions, is desirable.
Responsibilities
* Conduct thorough reviews and investigations of alerts generated through transaction monitoring and name-screening tools in accordance with internal policies and procedures.
* Review and disposition alerts accurately within defined SLAs, documenting clear and concise rationale.
* Review and manage escalations from 1LoD colleagues, determining appropriate next steps and ensuring timely resolution in line with internal procedures.
* Maintain accurate and auditable records of investigations, ensuring full traceability of decisions.
* Engage with key stakeholders including Payment Operations, CDD, Client & Growth, and 2LoD Financial Crime & Risk.
* Support the production and analysis of Management Information (MI) to strengthen monitoring and control framework.
* Take ownership of additional tasks, processes, or project work within the Transaction Monitoring and Screening team as required.
* Collaborate with wider anti-financial crime teams to assess payment flows and identify emerging risk indicators.
Qualifications
* Experience in a commercial banking context and/or onboarding settings, particularly in reviewing complex and high-risk client segments such as Money Service Businesses and other Regulated Financial Institutions.
Location
London (5 days a week). Travel to other locations may be required on occasion.
Diversity
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
Seniority level
* Associate
Employment type
* Full-time
Job function
* Other
Industries
* Banking
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