Systems Analyst - Transaction Monitoring (Actimize + Mantas)

  • Negotiable
  • Manhattan, NY, USA
  • Permanent, Full time
  • Barclays - US
  • 22 Jan 18 2018-01-22

Transaction Monitoring Systems Optimization - AML/Financial Crime

Overall purpose of role

Automated Transactions Monitoring systems are a key element of the e2e control framework developed to mitigate money laundering and terrorist financing risks and are subject to close regulatory scrutiny as to their effectiveness. There is also a strong focus across the financial services industry on the total cost of ownership of Transaction Monitoring systems, leading banks to continue to look for ways in which to improve the productivity of TM solutions.

The candidate will have a key role in supporting the IMI Transaction Monitoring (TM) Global Program for all in scope Barclays UK (BUK) and Barclays International (BI) business and jurisdiction locations. This is to ensure that Barclays is able to meet its regulatory obligation to effectively monitor transactions and identify potentially suspicious activity.

Delivering the IMI TM Global Program and Standards, and providing ongoing TM SME specialist guidance and analytical support, developing a role that is required to ensure that the capabilities of Barclays TM infrastructure are effectively delivered, managed and optimised.

Providing ongoing optimisation to the effectiveness of all in scope BAU and strategic (Mantas and Actimize) TM systems, scenarios and rules while supporting the appropriate governance and oversight, and targeting enriched stakeholder engagement that increases the profile and wider understanding of IMI TM.

Key Accountabilities

A participant in the delivery of IMI TM Global Program & Standards, undertaking a range of business analysis, support and analytical roles across IMI TM including:

TM Subject Matter Expertise

Provide guidance and expertise into the IM TM Program by developing and demonstrating:

  • Understanding of AML and terrorist financing trends and typologies, and any identified risks relevant to Barclays UK or Barclays International businesses
  • Knowledge of new or existing banking and/or capital market products and services to identify possible impacts on the TM infrastructure
  • Risk based approach to the effective segmentation of Customer and transactional risk attributes

Analysis, Optimisation & Tuning

Assist in maintaining and ongoing enrichment of the effectiveness of Barclays TM systems:

  • Support delivery of Effectiveness Assessments of System/scenarios/rules /data/parameters
  • Support the ongoing oversight of Dashboard based metrics of TM Systems and Rule Effectiveness
  • Analyse current capabilities and identify areas and processes requiring Optimisation and improvement
  • Support efficient MI capabilities and analysis allowing for the delivery of scheduled and ad hoc MI to assist in decision making requirements within the Transaction Monitoring Programme

Business As Usual / Project (Mantas &/or Actimize SAM8)

Assist in delivery of new initiatives and organisational transformation by:

  • Undertake TM specific Risk Assessment to be applied across all in scope jurisdictions and instances
  • Contribute to development of clear Business Requirements
  • Providing project related support via business analysis techniques and understanding
  • Contribute to the implementation of the IMI TM Program & Standards, Operating Models, processes and procedures
  • Analyse current capabilities and identify areas of improvement and/or automation.

Governance, Oversight & Stakeholder Engagement

Work with stakeholders within IMI, Financial Crime, BUK & BI business areas to ensure their needs are correctly recognised and understood throughout the TM lifecycle:

  • Coordinate with Money Laundering Reporting Officers, Financial Crime Advisory, IMI, BUK and BI businesses, Function Transformation, Fin Crime Assurance, Internal Audit and Information Technology coverage teams
  • Support the effective design and implementation on Non Automated TM supplementary controls
  • Participate in regulatory, BIA and assurance engagements/issue resolution/responses. Assess, track, remediate, report and escalate on related BIA, Assurance, Regulatory or self-identified issues

Person Specification

Basic Qualifications/Skills:

  • 4 Year Bachelors Degree
  • 2+ years of experience working within Financial Crime or AML

Preferred Qualifications/Skills:

  • Proven record in implementing, optimising and tuning (Oracle Mantas &/or Actimize) TM systems
  • Appreciation of the power of Analytics to supplement and enhance TM systems processes
  • Experience of large data set interrogation, utilising analytical evaluation and tools (R, SAS, SQL)
  • Understanding of Data Management & Model Validation principles and controls
  • Basic to intermediate knowledge of analytical evaluation and relational database tools, such as SQL, Oracle, SAS or R
  • Basic to intermediate experience with data visualization and dashboard tools such as Tableau, Spotfire, or Qlikview
  • Strong understanding of AML (Money Laundering, Terrorist Financing and Tax Evasion) and Fraud trends and typologies
  • Experience in a Regulated Business Environment with exposure to governance, control and risk managemen