Head of Transaction Monitoring Unit in PayDo

PayDo, a leading Electronic Money Institution (EMI) authorised by the FCA in the UK and FINTRAC in Canada, operates in 140 countries and over 25 industries. Offering multicurrency IBANs, merchant solutions, and mass payment options, PayDo provides premium and convenient payment services. With all features available through one platform and contract, PayDo is a preferred solution for local and international payments.The Head of Transaction Monitoring Unit is responsible for leading and managing all aspects of the company's transaction monitoring function. This critical role will ensure compliance with all applicable anti-money laundering (AML), counter-terrorism financing (CTF), and sanctions regulations. The ideal candidate will be a highly analytical and results-oriented individual with strong leadership and communication skills.Your regular tasksActive management and QA of transaction monitoring (AML & anti-fraud) teamIdentify gaps, inconsistencies, and areas for improvement in transaction monitoring (AML & anti-fraud) teamwork and constant ongoing optimisationHandle cases escalated by the transaction monitoring teamOversee the transaction monitoring (AML & anti-fraud) team SLAs about AML & anti-fraud related cases (review delays reasons and offer solutions)Suspicious activity identification, investigation, monitoring and reportingCustomers' profiles review (based on alerts identified during transaction monitoring)Prepare, review, and update transaction monitoring-related policies, procedures, and instructionsIdentify, manage & escalate suspected and actual money laundering, sanctions breaches and fraud cases through the relevant escalation pathEnsure transaction monitoring systems, procedures and standards are in line with PayDo PoliciesDevelop and track key risk indicators (KRI's)Provide business AML expertise, identifying an AML gap, implementing controls, advising and monitoring corrective actions, improving procedures and policiesAssist with the review of new controls to mitigate risks and reduce false positives to improve efficiency across the teamPrioritize the work and backlog for TM AML/Anti-fraud specialistsAct as a hiring manager in the time additional hiring is neededGenerate suspicious activity reports and risk management reportsCooperate with other departments/teams (e.g. Customer Support team) in resolving customer issues within the TM scopesMonitor constantly customer and transactional records to identify suspicious activityOversee development, integration and evaluation of TM infrastructureRe-build and structure knowledge base for TM team, identify gaps, offer solutionsPrepare weekly/monthly/Compliance Committee/management reports on TM teamwork results (e.g. statistics of transactions reviewed, transactions reject reasons) and communicate all relevant compliance issues and escalate any important or high-risk compliance issues Skills & Requirements4+ years of experience in TM & AML Compliance and Risk management, preferably in the financial services industry & fast-paced, high-growth environment (Electronic Money or Payment Institutions would be an advantage)2+ years of leadership experience(5+ subordinates)Experience working with complex Customers such as financial institutions, gambling, IT/Software, Marketing, or forex clients is a mustExperience describing and implementing policies from scratchStrong understanding of UK/EU directives, and global AML/CFT standardsFamiliarity with risk management frameworks and industry best practicesAnalytical mindset with excellent problem-solving abilitiesExpertise in using transaction monitoring systems and toolsC1 (Fluent) level of English ProficiencyAs a plusCAMS certification or equivalentA bachelor's degree in Finance, Law, or a related field is a significant advantageHiring StepsOur recruitment process typically includes the following steps: Application ScreeningInterviewing Process & AssessmentTA InterviewTech InterviewTest Assignment (upon request)Final Interview (upon request)Job OfferReference CheckAdvantages of working with usJoin a team of talented individuals who are deeply committed to their roles and the company's missionEmbrace an innovative approach to processes and problem-solving, driven by ambitious goals and plansWork in a collaborative environment dedicated to delivering superior products that meet and exceed customer expectationsEnjoy a workplace that fosters autonomy and trust, empowering you to take ownership of your responsibilitiesSocial Package Competitive compensation packageRemote-first (or you can choose a hybrid format if you work from the UK)Flexible working hours Paid time off: Vacation, sick leave, personal days, and public holidaysBudget for private English classesBudget for external trainingSeize this opportunity and take the next step toward a rewarding career. Apply now! Show more Show less Посадовий рівень Старший середній рівень Тип зайнятості Повний робочий день Посадові обов’язки Розвиток бізнесу і Продажі Галузі Технологія, інформація та інтернет