Transaction Monitoring And Screening Analyst

Job Description

About Us

Network International is the largest Financial Technology company in Middle East and Africa. Payments is our core business where we provide services in more than 50 countries – UAE, Jordan, South Africa, Egypt are some of our key markets. Apart from payments, we provide services on Data and Insights, Lending, Insurance, Risk Solutions, etc. Our core customers are businesses at every scale and segment, though recently we are growing in direct to consumer card segment as well.

Our EVP

At Network International, we always stay ahead. . In the fast-paced world of financial services, we thrive on innovation, agility, and purposeful collaboration. We invest first in our people, empowering you to make bold decisions, learn fast, and grow your expertise alongside industry leaders. Here, solving complex problems means more than using cutting-edge technology; it’s about creating meaningful value for our customers, together. We foster a culture where trust, accountability, and achievement go hand in hand—because success isn’t just a goal; it’s how we work, every day, as one team.

About The Job

The analyst is primarily responsible for handling Real-Time transaction screening alerts. The role holder is also responsible for addressing AML and economic sanctions related alerts to ensure efficient identification of ML risks and prompt reporting of suspicious transactions to AVP - AML Monitoring and Investigations / MLRO. The job holder will also perform Merchant on-boarding reviews along with helping the periodic review team on need basis.

Responsibilities

• Undertake a complete review of due diligence of existing merchants and identify any AML /sanctions related risks and any AML /sanctions related risks and ensure all necessary documents are in place in mitigating AML risks;
• Undertake a complete review of all alerts generated /identified during payment transactions and close all alerts with proper rationale for future Audit / quality assurance review.
• Determine if additional enquiries (RFI’s) are required and escalate as appropriate for non/low quality responses.
• Advise Business units on AML / KYC requirements and perform AML risk assessment when required.
• Escalate to AVP – AML Monitoring and Investigations /MLRO for any suspicious merchant activities or any serious adverse news to decide for termination of merchants (if applicable).
• Conduct initial analysis of customer transactions using internal/external research tools to assess and determine if the transactions seem plausible or if there is reasonable suspicion that the transaction involves money laundering. Identification of suspicious or unusual transactions, non-compliant activity or increased compliance risk.
• Accurately document rationale for case closure or escalation as appropriate.
• Undertake prompt closure of eligible alerts not deemed as unusual or suspicious.
• Preparation of customer transaction analysis summaries on request.
• Assist in the development of in-person AML/Economic Sanction compliance training for any new employees.
• Regular update on procedure in accordance with the guidelines set by the Group and regulators.
• The role holder shall support the AML Transaction Monitoring team by reviewing the alerts escalated for further review when the volume of alerts is higher than the average or when there are staffing constraints that could limit the team’s capacity.
• Prompt closure of sanction alerts (Potential match /False match) with proper rationale /supporting evidence and all true matches are escalated to managers for review and closure of the alerts.
• Review and investigate potential sanctions alerts, ensuring accurate disposition in line with internal policies and regulatory requirements.
• Provide training and guidance to staff on sanctions-related topics and best practices.
• Conduct merchant onboarding reviews to ensure compliance with internal policies and regulatory requirements, and assist the periodic review team on an as-needed basis.
  
  

• Ensure necessary Due Diligence are conducted for all alerts and decision taken within agreed TAT. Minimal error rates on Quality Assurance reviews.
• Ensure timely, efficient reporting of suspicious transactions/activities to VP – AML Monitoring and Investigations / MLRO.
• Identify, propose and evaluate improvements to processes, functionality, and systems as appropriate in line with Dept KRI’s.
• Ensure that on-boarding reviews are completed and raise SAR for any on-boarding noted anomalies
  
  

• Strategic thinking and problem-solving abilities.
• Excellent leadership and people management skills.
• Strong project management and organizational skills.
• Proficiency in understanding of Excel, SQL and hands on experience with transaction monitoring workflows.
• Excellent communication and interpersonal skills.
• Ability to manage change and drive continuous improvement.
• Analytical and data-driven decision-making capabilities.
  
  

• Primarily office-based with occasional travel required for meetings, conferences, and training sessions.
• Fast-paced and dynamic work environment.
  
  

• Bachelor’s degree or higher education level.
• Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills.
• Computer literacy essential (Word, Excel).
• Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods.
• General understanding of marketplace AML issues and AML suspicious activity transaction monitoring systems, data mining/analytical tools, and KYC automated solutions is helpful. Strong ability to quickly grasp and updated sanction guidelines from International regulators like OFAC, HMT, UN and local country’s sanction guidelines.
• Education: CAMS
• Experience: Minimum of 5 years of experience in with at least 2 years in a transaction monitoring role focused on sanctions and raising RFI and finalizing the SAR/STR.
• Proven track record of transaction monitoring, sanctions alert and on-boarding.
• Strong understanding of Compliance and AML function.
• Experience with a large bank or fintech.