Senior Manager - Transaction Monitoring System (TMS)

About the role

Raqami Bank is looking for an experienced Financial Crime Compliance professional to lead its Transaction Monitoring System (TMS) function within the Compliance department. The role ensures effective monitoring, detection, investigation and escalation of suspicious transactions, unusual customer behaviour, sanctions-related risks and potential money laundering activity, while strengthening the bank's AML/CFT control framework and reducing regulatory, financial and reputational risk.

Key responsibilities

• Lead and manage the TMS operations and monitoring framework, and oversee the review and investigation of alerts.
• Ensure suspicious transactions and unusual customer activities are identified, investigated and escalated, and partner with Compliance, Risk, Operations, Technology and Business teams.
• Monitor TMS effectiveness and recommend improvements to rules, scenarios, thresholds and controls; tune scenarios to reduce false positives.
• Oversee Suspicious Transaction Reporting (STR) and internal escalation processes, and support sanctions screening, name screening and high-risk customer monitoring.
• Analyse emerging AML/CFT risks, typologies and financial crime trends, and monitor regulatory changes.
• Conduct quality assurance reviews of investigations and case management, and support internal audits, regulatory inspections and independent testing.
• Develop monitoring dashboards, management reports and compliance MIS, and lead staff training and team building.

Required profile

• Minimum 7-10 years of banking and financial services experience with substantial exposure to AML/CFT, transaction monitoring, financial crime compliance, sanctions and regulatory compliance.
• Minimum 3-5 years of leadership experience in transaction monitoring, AML operations or financial crime compliance.
• Bachelor's degree in Finance, Banking, Business Administration, Economics, Accounting, Law, Information Systems or a related field; Master's degree preferred.
• Experience in digital banking, Islamic banking, payments, remittances and SME banking is highly preferred.

Required skills

• AML/CFT monitoring, transaction monitoring systems and AML systems tuning and optimization
• Suspicious transaction investigations, alert management and case investigation
• Sanctions compliance, regulatory compliance and risk assessment
• Data analytics and reporting, stakeholder management and team leadership