Transaction Monitoring Analyst, iBanFirst
1-5 days a week in office
Global financial service provider
Open for applications
Global financial service provider
201-500 employees
Open for applications
1-5 days a week in office
201-500 employees
Company mission
To provide payment solutions for borderless business.
Role
Who you are
- 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
What the job involves
- 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!
- 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
- 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
Application process
- Starting Date: 1st of december 2024
Our take
iBanFirst is a Brussels-based fintech start-up that offers an online multi-currency transaction platform so its clients can pay and receive payments in any currency whilst avoiding foreign exchange risks.
The company serves as an alternative to the traditional bank offer, enabling a payment experience and package of financial services that cater the daily needs of small-to-medium sized enterprises. By having its own core banking infrastructure, the company has a competitive advantage in the roll-out of its technological roadmap, including the release of new products. One such release is its payment tracker, which improves security levels and thereby strengthens trust between clients and suppliers.
Following Series B funding, the company saw tremendous growth, tripling its payment volume and developing its footprint in Europe after acquiring Dutch and German competitors. More recent funding will be invested into continuing to deliver solutions whilst expanding its SME and mid-tier offerings.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Jun 2020
$22.1m
SERIES C
Nov 2018
$15.8m
SERIES B
Total funding: $48.9m
Company HQ
Louise, Bruxelles, Bruxelles
Articles
Leadership
Previously founded cambiste.com. Experience as Head of Western Europe for Saxo Bank and as a Trader FX for Calyon UK.
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