AML Transaction Monitoring System Optimization Analyst
Barclays - US
October 10, 2018
Manhattan, United States
Overall purpose of role
Automated Transactions Monitoring systems are a key element of the e2e control framework developed to mitigate money laundering and terrorist financing risks and are subject to close regulatory scrutiny as to their effectiveness. There is also a strong focus across the financial services industry on the total cost of ownership of Transaction Monitoring systems, leading banks to continue to look for ways in which to improve the productivity of TM solutions.
The candidate will have a key role in supporting the IMI Transaction Monitoring (TM) Global Program for all in scope Barclays UK (BUK) and Barclays International (BI) business and jurisdiction locations. This is to ensure that Barclays is able to meet its regulatory obligation to effectively monitor transactions and identify potentially suspicious activity.
Delivering the IMI TM Global Program and Standards, and providing ongoing TM SME specialist guidance and analytical support, developing a role that is required to ensure that the capabilities of Barclays TM infrastructure are effectively delivered, managed and optimised.
A participant in the delivery of IMI TM Global Program & Standards, undertaking a range of business analysis, support and analytical roles across IMI TM including:
TM Subject Matter Expertise
Provide guidance and expertise into the IM TM Program by developing and demonstrating:
Understanding of AML and terrorist financing trends and typologies, and any identified risks relevant to Barclays UK or Barclays International businesses
Knowledge of new or existing banking and/or capital market products and services to identify possible impacts on the TM infrastructure
Risk based approach to the effective segmentation of Customer and transactional risk attributes
Analysis, Optimisation & Tuning
Assist in maintaining and ongoing enrichment of the effectiveness of Barclays TM systems:
Support delivery of Effectiveness Assessments of System/scenarios/rules /data/parameters
Support the ongoing oversight of Dashboard based metrics of TM Systems and Rule Effectiveness
Analyse current capabilities and identify areas and processes requiring Optimisation and improvement
Support efficient MI capabilities and analysis allowing for the delivery of scheduled and ad hoc MI to assist in decision making requirements within the Transaction Monitoring Programme
Business As Usual / Project (Mantas &/or Actimize SAM8)
Assist in delivery of new initiatives and organisational transformation by:
Undertake TM specific Risk Assessment to be applied across all in scope jurisdictions and instances
Contribute to development of clear Business Requirements
Providing project related support via business analysis techniques and understanding
Contribute to the implementation of the IMI TM Program & Standards, Operating Models, processes and procedures
Analyse current capabilities and identify areas of improvement and/or automation.
Governance, Oversight & Stakeholder Engagement
Work with stakeholders within IMI, Financial Crime, BUK & BI business areas to ensure their needs are correctly recognised and understood throughout the TM lifecycle:
Coordinate with Money Laundering Reporting Officers, Financial Crime Advisory, IMI, BUK and BI businesses, Function Transformation, Fin Crime Assurance, Internal Audit and Information Technology coverage teams
Support the effective design and implementation on Non Automated TM supplementary controls
Participate in regulatory, BIA and assurance engagements/issue resolution/responses. Assess, track, remediate, report and escalate on related BIA, Assurance, Regulatory or self-identified issues
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Purpose and Values
Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.
Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question 'What is Barclays for?' and it should guide our every action as employees.
We respect and value those we work with, and the contribution that they make.
We act fairly, ethically and openly in all we do.
We put our clients and customers at the centre of what we do.
We use our energy, skills and resources to deliver the best, sustainable results.
We are passionate about leaving things better than we found them.
Internal Number: 4668054
About Barclays - US
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