Transaction Monitoring Analyst

Purpose of the role

To verify the accuracy, reliability, and soundness of the bank's analytical models by independently validating and assuring the quality of models. 

Accountabilities

• Development and implementation of validation plans for new and existing models.
• Preparation of model documentation that clearly explains the model's methodology, assumptions, limitations, and risks.
• Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
• Analysis and assessment of the model's accuracy, performance, and compliance with regulatory requirements.
• Performing back testing and stress testing to assess model robustness under different conditions.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

As a Transaction Monitoring ™ specialist, you will focus on developing and optimizing TM solutions for Barclays UK (BUK) businesses. You will conduct detailed model analysis of various TM systems deployed globally, collaborating with stakeholders to address queries related to model risk, customer/transaction data, and the model lifecycle. You will design, develop, implement, and optimize automated TM solutions, working closely with Global Surveillance leads and key stakeholders in Business, Operational, Technology, and Financial Crime to identify enhancement opportunities. Your role will also involve supporting the development of bespoke monitoring and oversight solutions within Financial Crime data sources, ensuring these solutions are rigorously built and embedded into routine processes to identify money laundering and financial crime risks.

You will support the development of the Model Risk Methodology (MRM) framework, ensuring all steps and assumptions in model development are

documented, replicable, and assessed from a risk standpoint. You will collaborate with Global TM leads and key stakeholders to enhance existing data, infrastructure, capabilities, and processes, driving innovation within TM and data analytics. Additionally, you will take ownership of TM Data Management, aligning execution to Group Data Management Standards, supporting the enhancement of the Data Quality and Lineage control framework, and identifying and escalating issues arising from Data Management controls. You will also drive centralized global initiatives, providing strategic views and standardized group solutions, and designing and maintaining alert forecasting models across multiple platforms.

To be successful as a Transaction Monitoring Analyst, you should have experience with

 ·   Proficiency in Transaction Monitoring ™ and Anti-Money Laundering (AML).

·      Understanding of statistical models, including their strengths and weaknesses, and the ability to perform and document testing approaches.

·      Experience in developing data visualizations and dashboards, preferably using tools such as Tableau, QlikView, or PowerBI.

·      Experience with common Data Science tools, libraries, and languages, including SQL, Python, R, Scala, and Spark.

·      Technical expertise in database management, data structures, data modeling, data dictionaries, and data quality frameworks.

Some other highly valued skills may include

·      Project Management qualification is preferred.

·      Knowledge of the regulatory environment and risk management, with exposure to Financial Crime and Compliance matters.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills

London