Barclays Hiring TM Analyst - BUK in Chennai | Apply Online

Job Description

Purpose of the Role

The role supports Transaction Monitoring by investigating customer activities and reporting suspicious transactions to the NCA when required. The position focuses on identifying potential risks, ensuring compliance with AML regulations, and protecting the bank and its clients.

Accountabilities

• Assist with daily transaction monitoring activities including reviewing, investigating, and reporting using AML knowledge.
• Perform monitoring checks on customers, transactions, and related activities to detect potential risks and maintain regulatory compliance.
• Manage issues and alerts generated from transaction monitoring tests, including investigation and resolution of incidents.
• Work with teams across the bank to align and integrate monitoring processes.
• Identify opportunities for improvement and recommend enhancements to monitoring processes.
• Support the development and implementation of transaction monitoring procedures and controls to reduce risk and improve operational efficiency.
• Track industry trends and developments to support best practices in transaction monitoring services.
• Participate in projects and initiatives aimed at improving the efficiency and effectiveness of monitoring activities.

Analyst Expectations

• Complete assigned activities on time while maintaining high quality standards and contributing to continuous improvement.
• Maintain strong knowledge and understanding of the concepts and technical aspects of the assigned work area.
• Guide team members when required, support professional development, allocate tasks, and coordinate resources.
• Develop technical expertise within the function and act as a subject matter advisor where appropriate.
• Collaborate with other teams and business units to support shared objectives.
• Take responsibility for operational outcomes, escalate breaches of policies or procedures, and support the implementation of new controls.
• Manage risk within the scope of work and ensure compliance with applicable rules, regulations, and codes of conduct.
• Build understanding of how the sub-function integrates with broader organisational processes, products, and services.
• Use analysis and attention to detail to make informed judgements and resolve issues using established practices.
• Communicate complex information effectively and maintain relationships with internal and external stakeholders.