Compliance Monitoring Unit Head

The Compliance Transaction Monitoring Unit Head (“TMUH”) will be responsible for the day-to-day management of the Compliance Transaction Monitoring Unit (“TMU”) and to ensure the TMU delivers in accordance with the TMU Charter.

The TMUH is located in Luxembourg (alternatively, Copenhagen) and reports into Banking Circle´s Chief Compliance Officer (“CCO”).

What you’ll do

  • Define, in conjunction with sales and product, transaction monitoring patterns expected for each category of customer, including on the basis of the customer´s customers base.
  • Ensure defined rules are applied to all customers, as per the defined risk profiles.
  • Ensure all alerts are properly logged, investigated and cleared or escalated to the MLRO. Supervise and train junior TMU staff.
  • Be the owner of the TMU tools; identify new tools and methodologies, promote test and sign off changes and new implementations. Remain up to date with available regtech solutions, and regularly benchmark Banking Circle´s tools against those available on the market, including new technologies.
  • Define and ensure delivery of KRIs, KPIs metrics and management information.
  • Be responsible for the management of the TMU, including the definition and maintenance of procedures and working instructions.
  • Participate in internal or external audit reviews, due diligence reviews, regulatory reviews as appropriate.
  • As appropriate, the TMU may be required to take full responsibility of the Sanction Scanning process. In this context, the TMUH should:
    • Ensure a smooth transition of Sanction Scanning function and processes from Operations into the TMU, including of associated headcount;
    • Be the owner of Sanction Scanning tools; identify new tools and methodologies, promote test and sign off changes and new implementations. Remain up to date with available regtech solutions, and regularly benchmark Banking Circle´s tools against those available on the market, including new technologies.
    • Ensure all alerts are properly logged, investigated and cleared or escalated to the MLRO. Supervise and train junior Sanction Scanning staff.
    • Support Operations’ activities, prioritising alerts’ reviews on the basis of cut off times and client SLAs.
    • Define and ensure delivery of KRIs, KPIs metrics and management information.
    • Ensure that Banking Circle can demonstrate at all times that it performs Sanction Scanning processes in line with regulatory and business partners expectations.

Who you are

As a minimum, 5 years´ working experience in the financial/banking sector, in a similar role, possibly with previous people management experience.

Previous experience in relevant systems developments, testing and /or implementation, including rules writing and testing.

Skills

Preferable, University degree in Economics, Law. Other technical degrees (Engineering, Information Technology, etc) may also be considered. Fluent English, any other language (French in particular) are a plus.

Problem-solver, good communication skills, with a keen interest in technology and internet economy.

Level

Manager or Senior Manager

Apply now

Get in touch

Email us at info@bankingcircle.com and one of our team will be in touch shortly.