Financial Crime Analyst – Transaction Monitoring

Back to jobsNewFinancial Crime Analyst – Transaction MonitoringMumbaiApplyFinancial Crime Analyst – Transaction Monitoring   • Are you curious, excited by experimentation and always looking for a better way of doing things?• Do you want to keep learning and developing whilst getting hands-on experience working in the embedded payments space?• Do you want to have the opportunity to high-growth environment with a fast-paced and collaborative culture where you will work with some fantastic clients and partners? If so, we would love to hear from you! This is a great opportunity to support Modulr, the fastest growing payments business in the UK and Europe, in our ambition to scale effectively while maintaining robust, compliant, and efficient financial crime operations.We are seeking a candidate based in India to align with our “Office First” strategy, while collaborating with a geographically distributed team that supports both our UK and European entities. About usAt Modulr our mission is to move money efficiently to power business productivity. We are building a new digital payments service to make money flow more efficiently through businesses and the economy. This is a new type of payments account that is built for businesses that need faster, easier and more reliable ways to move money.Our flexible platform and innovative approach allows our customers to utilise our payments account instead of a traditional bank account. Our accounts come with a sort code and account number, access to payment systems (eg Faster Payments and Visa) and everything our customers need from a payments account. They can instantly open as many accounts as they need, automate how they make and receive payments as well as the reconciliation processes these create. All in real time, 24/7 through their own systems utilising our API that integrates into any platform.Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by payments giants PayPal Ventures and FIS Ventures, as well as startup and scale up specialists Blenheim Chalcot, General Atlantic, Frog and Highland Europe which enables us to leverage their resources and expertise to drive our growth initiatives. These partnerships provide us with the necessary provisions to propel our business to new heights. The roleThe Financial Crime Operations function executes processes to mitigate risks to Modulr as they relate to Money Laundering/Terrorist Financing, Fraud, Sanctions, and other Financial Crime risks (such as Anti-bribery & Corruption).We are seeking a detail-oriented and driven Financial Crime Analyst to join our Transaction Monitoring team. This role plays a key part in maintaining regulatory compliance by investigating flagged transactions to detect money laundering, fraud, and terrorist financing. You will review automated alerts, research account history, and prepare Suspicious Activity Reports (SARs) to ensure compliance with regulations.You will report into the Transaction Monitoring Team Manager and work closely with colleagues across Financial Crime Operations to ensure payments held due to monitoring rules are investigated within required timescales, and that SARs and UTRs are submitted on behalf of Modulr to relevant external bodies where necessary.This is a great opportunity for someone looking to deepen their expertise in financial crime risk management and compliance within a dynamic and fast-paced environment. Key Responsibilities:•Alert Triage: Review automated transaction monitoring alerts to determine if the activity aligns with the customer's expected profile, escalating or closing alerts based on risk-based analysis.•Investigations: Perform deep-dive analysis by checking historical account behaviours, cross-referencing watchlists, and evaluating geographic and typology risk.•Reporting: Document case rationales clearly and, when necessary, draft and file SARs and UTRs with the FIU and other relevant external...