Transaction Monitoring Manager (Contract)

Type of role: 6 month contract role

Location - European timezone Remote

As a Transaction Monitoring Manager 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 300 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:

• Help build a fit for purpose transaction monitoring system for Nivoda and use your analytic and data mining skills to build a baseline for Nivoda's transaction monitoring system and rule engine.

• Help design and build the rule engine that ensures effective flagging of suspicious high risk transactions, and ensure the proper balance between false positive and negatives.

• Advice and support Nivoda in the development and enhancement of the transaction monitoring system, processes and procedures.

• Analyse patterns and trends to identify potential fraudulent activities, money laundering, and other financial crimes.

• Monitor daily customer and supplier transactions for unusual or suspicious activity.

• Review alerts generated by the transaction monitoring system and perform detailed investigations.

• Conduct thorough investigations on suspicious transactions and prepare comprehensive reports.

• Escalate and report suspicious activities to the Fraud Prevention Manager or relevant authorities as required.

• Maintain detailed records of investigations and outcomes.

• Work closely with other teams, including the Sales, Account Management, Supplier, KYC and Finance team, to ensure a cohesive approach to fraud prevention & detection.

• Communicate findings and recommendations to management and relevant stakeholders.

• Identify opportunities for improving the transaction monitoring process and system.

Required Experience

• Minimum of 5 years of experience in building 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.

• Excellent analytical and investigative skills.

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

What you’ll need:

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

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

• 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