Transaction Monitoring Analyst

Location - European timezone, Remote

As a Transaction Monitoring Analyst at Nivoda, you'll be at the forefront of safeguarding our organisation against financial losses due to fraud. Your responsibilities will include monitoring and analysing customer orders and financial transactions to detect and prevent suspicious activities related to fraud and other financial crimes. You'll collaborate closely with various departments to mitigate fraud, build data driven transaction monitoring and reporting dashboards, investigate flags and incidents, and ensure loss rates stay below tolerance levels.

This role offers you the opportunity to make a significant impact by ensuring that Nivoda’s transaction monitoring system works effectively and fraud is prevented or detected in time. You'll have exposure to top management, work on a global scale, and collaborate closely with the Fraud Prevention Manager & Director of Risk.

About us:

Nivoda’s B2B diamond and gemstones marketplace allows jewellery retailers to save time and money whilst gaining access to a global diamond supply at the best prices, with zero inventory risk.

With a team of over 400 dedicated employees around the world and a wealth of experience in the industry, Nivoda has developed an award-winning solution that enables jewellery businesses of any size, in any location, to buy and sell diamonds in the most profitable, efficient and hassle-free manner.

Over the course of the last six years, Nivoda has evolved into a global platform recognised for its innovation, customer service and ability to deliver a seamless, reliable and efficient experience.

Since its launch in 2017, Nivoda has remained true to its founding mission: build the trusted global marketplace for the jewellery industry by delivering modern tools and quantitative ROI.

What you’ll do:

• Shape the future of transaction monitoring at Nivoda: Help design and build a cutting-edge transaction monitoring system, leveraging your analytical and data-mining expertise to establish a robust baseline and rule engine.

• Transform insights into action: Perform in-depth impact analyses on identified patterns, turning your findings into effective rules and strategies that drive risk management and business growth.

• Optimize our fraud detection capabilities: Design a rule engine that strikes the perfect balance between flagging high-risk transactions and minimising false positives and negatives.

• Be a key advisor: Partner with leadership to enhance Nivoda’s transaction monitoring systems, processes, and procedures, ensuring we stay ahead of evolving risks and regulations.

• Detect and prevent financial crime: Analyse transaction trends to uncover potential fraud, money laundering, and other financial crimes while monitoring daily transactions for suspicious activities.

• Lead investigative efforts: Review system alerts, conduct detailed investigations into flagged activities, and prepare comprehensive reports to inform strategic actions.

• Collaborate across teams: Work closely with Sales, Account Management, Supplier, KYC, and Finance teams to create a unified fraud prevention strategy.

• Drive continuous improvement: Identify opportunities to refine transaction monitoring processes and systems, ensuring we remain innovative and effective.

What you’ll need:

• Bachelor’s degree in Finance, Business, Economics, Criminology, or a related field.

• Minimum of 3 years of experience in transaction monitoring, financial crime systems, or a related compliance role.

• Experience with transaction monitoring systems and analytical tools.

• Strong knowledge of fraud detection technologies and methodologies.

• Understanding of AML, CTF, and other relevant financial crime regulations.

• Excellent analytical and investigative skills, experience with SQL desirable.

• Attention to detail and ability to recognise patterns and anomalies.

• Excellent written and verbal communication skills.

• Ability to manage multiple tasks and prioritise effectively.

• Strong communication and interpersonal skills, with the ability to work effectively with various stakeholders.

What we offer:

• Opportunity to join us at a dynamic growth phase, where your contributions can have a significant impact on shaping the company's future success

• Exposure to senior leadership and the opportunity to contribute to strategic decision-making.

• Remote working environment

• Flexible working

• Unlimited holiday

• Fast-paced and global working environment