Who are we?

Y-combinator backed and recently voted ‘Fintech Start up of the Year 2022’ at Fintech Awards London, Verto helps businesses in emerging markets reach the world by making cross-border payments easy.

We enable businesses to accept payments and send payouts globally in one single platform. Each year we process billions of dollars of payments and provide companies with solutions which help them to save money, automate processes and grow. We have worked with thousands of businesses globally since our launch in 2018 and have high growth aspirations for the future. By 2028 it’s forecasted payments revenue from emerging markets will exceed that of mature markets by $400bn, join Verto to make us the number one B2B payment provider in this space

Skills

• Mandatory 2-4 years experience in Transaction Monitoring using robust tools, preferably Comply Advantage

• Demonstrable working knowledge of the Money laundering and Terrorist Financing Regulations and the ability to transpose the rules into Transaction Monitoring

• Strong working knowledge in the calibration and review of Transaction Monitoring rules - this candidate will be the main point of contact for Verto’s Transaction Monitoring vendor on all issues and updates

• Sound understanding of complex structures and high risk transactions i.e. rule calibration to mitigate high risk transaction activity.

• Demonstrable experience in the creation and amendment of Transaction Monitoring related materials, including policies, processes and guidance.

• In-depth knowledge and experience within E-money/Payments including an awareness of the changing regulatory landscape.

• Sound understanding of the current global sanctions regimes

Behavioural Traits

• Ability to communicate with Senior Stakeholders, reporting Transaction Monitoring team related metrics company wide, on a weekly basis, citing any trends or issues.

• Ability to collaborate with cross-functional teams, including Product, Tech/Data and the wider Compliance function to optimise transaction monitoring rules and processes.

• Ability to view clients holistically with regards agreed transactional activity and any potential financial crime risks they may pose

• Motivated, results driven self starter

• Impeccable time management and prioritisation skills

Responsibilities and Qualifications

• Review and calibration of new Transaction Monitoring rules in light of Vertos risk appetite, external feedback and internal nuances

• Overseeing Junior Transaction Monitoring analysts and reviewing alert escalations where appropriate to ensure accuracy

• Ensuring the Transaction Monitoring team review and clear all manual alerts within the agreed SLA

• Review screening alerts to determine whether potential hits are true or false positives, leaving clear, concise and appropriate rationales.

• Scrutinise customer transaction activity and be diligent in reporting anomalies.

• Liaise with Banking partners and clients to understand any bespoke requirements.

• Undertake monthly Quality Assurance on all areas of the Transaction Monitoring process, providing feedback to the junior team members and rolling out any actions plans/improvement areas where required

• Conduct Internal Investigations and raise Internal Suspicious Activity Reports for submission to the DMLRO/MLRO

• Responsibility for closing out any potential Transaction Monitoring items in future Compliance audits

• Ad-hoc remediation projects including consideration of flows against internal/external risk appetite.

What We Offer

• 33 days holiday each year (Including Bank Holidays)

• up to 5% Employer contribution towards Pension

• Hybrid working policy

• Regular company social events

• Perkbox Subscription and private health and dental for employees and their family