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Risk Manager Transaction Monitoring


Location: North Sydney

Job Type: Not Specified


This role will lead the Transaction Monitoring function at Monoova as part of meetings its Ongoing Customer Due Diligence obligations under the AML/CTF Act. Responsibilities go through the entire transaction monitoring life-cycle from rule development through to alert investigation and regulatory reporting.

At Monoova, we are all about freeing businesses to scale. That is why we have designed world-class, bank-grade, global payment solutions to allow businesses to do what they do best. Since our start in 2017, we have been leading the payments innovation in Australia by delivering scalable solutions to businesses. Helping businesses to automate how they receive, manage and pay funds is our Monoova mission. Our clients are among some of the most innovative companies around, whilst building partnerships with ethical entrepreneurs is part of our expansion strategy. Our commitment is to make money move as fast as our clients grow - with passion for excellent product to sustain the digital economy of the future.

As we are rapidly growing and expanding, we are on looking for tremendous talent to join the Monoova movement.

Our values:

Empathy – we take care to understand the perspective of everyone in our ecosystem – our clients, our partners, our colleagues and our shareholders. It is how we create and nurture relationships

Integrity – We are a company built on integrity. Both inside and outside of our organisation, we are known for being honest, trustworthy and transparent in the way we do everything

Performance – We are an outcome focused organisation with a commitment to technology. Every single one of us are experts at what we do

Innovation – Individually and as a team, we are proactive innovators. Tomorrow, we will be better than we are today. That’s what makes tomorrow fun

In this role, you’ll be:

  • Work with transaction monitoring vendors on systems integration
  • Analyse data sets and transaction enquiries to identify emerging ML/TF typologies
  • Design transaction monitoring rules to detect unusual activity
  • Review and recalibrate existing rules from time to time
  • Investigate transaction monitoring alerts
  • Gather additional information and supporting documentation to update customer KYC records
  • Escalate unusual activity to the Chief Risk Officer for Suspicious Matter Reporting (SMRs) to AUSTRAC
  • Produce information on transaction monitoring activity to support the Chief Risk Officer’s monthly board reporting
  • Provide training to Monoova Employees on how to detect and escalate unusual activity
  • Mentor and support members of the Monoova Risk Team involved in transaction monitoring

What we need from you:

  • Strong understanding of AML/CTF obligations
  • Data analysis skills – Advanced level in either Microsoft Excel, python or other tools for analysing large data-sets
  • Problem solving is essential, being able to understand complex payments flows and separate out legitimate transactions from non-legitimate transactions in an automated and scalable way
  • Strong communication skills across all levels of the organisation including customers, regulators, business partners, operations, executive and the Monoova Board
  • Customer and commercial focus
  • People development – we want you to bring your knowledge and experience and share it with other team members to help them develop their skills
  • Growth mindset

Qualifications and experience

  • Minimum 5 years working in the financial services industry
  • Minimum 3 years working in AML/CTF
  • Minimum 2 years with transaction monitoring as the primary focus
  • Experience with payments is preferred

Monoova Culture and Benefits

  • Hybrid working arrangement so you can enjoy more flexibility.
  • Short-term incentive program to thank our employees for all their hard work and dedication.
  • Birthday leave, because why would you want to work on your birthday!
  • 16 weeks paid parental leave for primary carers, so you get extra time with your newborn and to recover.
  • Annual IT allowance - for all your personal IT needs.
  • Culture valuing career progression and development.
  • After hours travel and meal allowance. We understand work doesn’t always end at 5pm, so we want to ensure you are well feed and safe when putting in the extra hours.
  • Monthly team engagement events to promote a fun, dynamic and supportive team culture.
  • Employee Assistance Program to ensure your wellbeing is key!