Trade and Transaction Monitoring

Guaranty Trust Bank (UK) Limited

JOB TITLE: Trade and Transaction Monitoring Officer

DEPARTMENT: Trade and Transaction Monitorin

LOCATION: London

A BRIEF INTRODUCTION TO GTBANK (UK)

Guaranty Trust Bank (UK) Limited offers both retail and wholesale banking products and services to private, corporate and institutional clients. Our products and services are designed to address the needs of individuals and corporate clients visiting or based in the United Kingdom with business or personal connections in Africa and vice versa.

SCOPE AND RESPONSIBILITIES

Managing and mitigating all aspect of AML risks within the Trade & Transaction Monitoring Department.

The role involves all aspects of monitoring activity including reviewing Trade Finance Products, Transaction Monitoring, releasing message/ payment from GCOP, Companies House monitoring, preparing production order and providing answers to management as part of the firm's comprehensive program of achieving and maintaining regulatory compliance with UK laws and FCA regulations including (NCA) National Crime Agency and HM Treasury (HMT).

KEY RESPONSIBILITIES

Functioning in a senior capacity to ensure consistent and cohesive application of all applicable AML Policies and procedures for the Trade & Transaction Monitoring Department.

Coordinating with the Compliance team to ensure that AML Policy and Procedures in the department are consistent with all regulatory and industry best practice.

Ensuring that the Trade & Transaction Monitoring Departments SOP and Procedure reflects industry best practice in respect of AML & KYC policies.

Ensure that all Trade & Transaction Monitoring staff are fully aware of the Bank’s AML requirements relating to Trade & Transaction Monitoring.

Assisting in providing training to the Trade & Transaction Monitoring Department and any other staff as and when necessary.

Liaise with internal stakeholders and use internet research and compliance system/tools to gather and interpret key information for mitigating risks and decision making for reviewing all products of the department.

Operating on a partnership basis with senior business management to inculcate strong AML disciplines and awareness within the business sector for all AML/KYC Reviews and Monitoring.

Responsible for overseeing the effective and compliant implementation and sustainable day-to-day execution of the monitoring investigations.

Ensure that the all-monitoring quality control processes achieve the agreed procedural quality control standards required and are within agreed service levels of the bank.

Responsible for escalating investigations to relevant parties and for providing MIS data to Management of the bank as when as required.

This job description is not to be constructed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job-related duties as reasonably requested by your manager.

GTBank UK is an Equal Opportunities employer.

Job Types: Full-time, Permanent

Salary: £30,000.00-£32,000.00 per year

Schedule:

• Monday to Friday

Ability to commute/relocate:

• London, W1W 8LP: reliably commute or plan to relocate before starting work (required)

Experience:

• Trade and Transcation: 1 year (required)

Work Location: Hybrid remote in London, W1W 8LP

Application deadline: 09/06/2023
Reference ID: Trade and Transaction Monitoring