Transaction Monitoring Analyst

ABOUT TIDE At Tide we help SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting. Tide is transforming the small business banking market with over 1.8 million members globally across the UK, India, Germany and France. Using advanced technology, all solutions are designed with SMEs in mind. With quick onboarding, low fees and innovative features, we thrive on making data-driven decisions to serve our mission: to help SMEs save both time (and money) so they can get back to doing what they love. Tide facts: Tide is available for UK, Indian, German and French SMEs Over 1.8 million members: 800,000 UK and 1,000,000 in India and growing rapidly Over $300 million raised in funding Over 2,500 Tideans globally - we’re diversity champions! We have offices in Central London, with a member support and technology centre in Sofia, Bulgaria, technology centres in Serbia, Romania, Lithuania and Hyderabad and offices in Gurugram and New Delhi, and in Berlin, Paris and Luxembourg. ABOUT THE TEAM Ongoing Monitoring sits in our first line of defence (1LOD) operations’ department, responsible for monitoring the activity of our SME customers (‘members’) for the purpose of preventing, detecting and reporting sanctions, money laundering, terrorism financing, tax evasion, bribery and corruption, money mules and fraud. It's an opportunity to work with an amazing team across multiple geographies, including analysts, team leaders, product and engineering managers, data scientists and operations managers. The role has exposure to many senior stakeholders across the business and is at the heart of what we do to protect our customers. ABOUT THE ROLE Transaction Monitoring Alert Review Analysis: Monitor and investigate alerts generated by automated transaction monitoring and sanctions screening systems. Conduct comprehensive, risk-based reviews of customer accounts and transaction histories to identify suspicious patterns or activities that deviate from a customer's normal behavior. Synthesize information from various sources, including customer profiles (KYC/CDD), public records, adverse media, and internal data. Assess the transactional activity in the context of financial crime typologies across a variety of payment types and financial products offered. Draft a concise, yet comprehensive report on findings prior to discounting the alert or reporting suspicious activity. Contact the member (customer) via email, chat or by phone to seek additional contextual information without tipping off. Contact representatives of partner banks via emails in cases where a fin crime investigation is required on Tide’s member Suspicious Activity Reporting (SAR) Recommendations: Draft and present detailed, well-reasoned SAR recommendations to experts responsible for filing SARs to regulatory authorities. Construct a clear, concise, and defensible narrative outlining the suspicious activity, the investigative steps taken, and the rationale for the recommendation. Ensure all supporting documentation and evidence is accurately compiled and included in the case file for audit purposes. Sanctions Screening: Analyze potential sanctions hits against international lists (e.g., OFAC, EU, UN, HMT) for cross border payment transactions. Apply a risk-based approach to differentiate between a true match and a false positive based on criteria like phonetic similarities, aliases, and supporting data. Escalate confirmed sanctions hits to management immediately for asset blocking or reporting. WHAT WE ARE LOOKING FOR Here at Tide, we are looking for someone who has a good understanding of Financial Crime Typologies including money laundering, terrorist financing, fraud, and sanctions evasion, bribery, tax evasion, and suspicious activities reporting. is passionate and pr ... (truncated, view full listing at source)