TRANSACTION MONITORING ANALYST

Job description

What if you could be able to contribute to iBanFirst protecting itself? That you could investigate signals and alerts that could prevent financial terrorism, money laundering, fraud, and sanctions? Being an international payment provider goes hand in hand with a lot of risks for our company itself. Therefore, our team of Transaction Monitoring Analysts is accurate, acting on an integer basis and monitoring suspicious financial activity. As part of this team, you will be operating as the first line of defense!

🎯 What you will do

You will be engaged in critically analyzing transactions to identify deviations in transaction patterns, defined business activities, or behavior. You will review and assess whether you consider a transaction to be unusual and avoid sanction regulations, fraud, and money laundering. This is done by keeping the laws and regulations in mind for every specific country of origin of the client and data from internal systems. You know how to do client research and collect and link information in an effective way. Based on the information you will come up with the conclusion: reporting to compliance or not?

You proactively think along about efficiency improvements beyond the boundaries of your own tasks and responsibilities. You will be triggered to go out of your comfort zone and write with us on the success story by saving iBanFirst to keep the financial landscape safe by protecting it from integrity risks. As such, the main assignments are:

• Monitor daily transactions to detect suspicious activities and potential money laundering or fraud.
• Investigate alerts generated by the transaction monitoring system to determine if there is a potential suspicious transaction involved.
• Assess transactions in the context of previous transactions and the client’s business/purpose of the account.
• Maintain accurate and concise records of all investigations undertaken, including the rationale for any decisions made.
• Assist in the preparation of departmental management information reports.
• Ensure compliance with internal policies, regulatory requirements, and industry best practices.
• Provide input to the maintenance of departmental procedures and the identification of areas of risk.
• Work closely with other departments, such as Compliance and Legal, to address transaction monitoring-related issues and implement solutions.
• Provide advice and support to the sales teams on the identification of areas of risk as a result of transaction monitoring trends.

🔎 What do you bring?

• A bachelor’s or master’s degree in finance, audit or legal
• A strong eye for details
• Fluent in French and in English

With your curiosity and proactivity, you see it as a challenge to deep dive into transactions and the regulations of our clients in different countries throughout Europe. You are eager to learn, autonomous, and not afraid to ask questions. Being open-minded and a strong communicator helps you to work closely with your team and colleagues in Compliance. Together, you act as the initial gatekeeper for criminal activity.

Starting Date: 1st of december 2024

🏆 What do we offer?

• Various missions and projects in an innovative and rising start-up in a thriving industry (fintech)
• A key role and a unique opportunity to shape the future of iBanFirst
• A great, professional and international team with a flat hierarchy
• A nice work environment
• Regular offsite and internal events
• Remote office days

💡 Who are we?

Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. With iBanFirst, executives and finance teams can get direct access to currency markets, receive, send and track payments and develop tailored hedging strategies.

With more than 350 employees in 10 European countries, processing a volume of transactions worth more than €1.4 billion each month, and listed by the Financial Times as one of Europe's fastest growing companies, iBanFirst became in less than 10 years a trusted partner for SMEs across borders.

iBanFirst has the financial backing of the French public investment bank (bpiFrance), European venture capital leaders (Elaia, Xavier Niel), and the American investment fund Marlin Equity Partners (more than 8 billion dollars of capital under management).

Regulated by the National Bank of Belgium as a payment institution, iBanFirst is authorized to operate throughout the European Union. Member of the SWIFT network and SEPA certified, iBanFirst holds AISP and PISP accreditations under PSD2.

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