Transaction Monitoring Scenario Expert

Do you want to use your expertise in financial crime risks to design and improve effective transaction monitoring rules?

Summary

As a Transaction Monitoring Scenario Expert at Rabobank, you will work within TM Control Standards on the functional design and continuous improvement of transaction monitoring detection rules. You will translate money laundering and terrorist financing risks, regulatory requirements and data insights into clear and actionable rule designs.

At a glance:

• Own the functional design and continuous improvement of transaction monitoring rules throughout their lifecycle.
• Work in a multi-disciplinary squad to translate financial crime risks, typologies and regulatory expectations into effective rule designs.
• Use analytical evidence to improve risk coverage, effectiveness, and operational efficiency.

What will you do as a Transaction Monitoring Scenario Expert? 

• Lead the functional design and improvement of transaction monitoring rules that generate alerts for suspicious patterns or behaviour, using your knowledge of money laundering and terrorist financing risks and typologies.
• Optimise detection rules with data scientists by interpreting performance information, addressing emerging risks and responding to regulatory developments.
• Work with FEC Technology, TM Operations, Compliance and other stakeholders to ensure that rules are effective, explainable, feasible and consistent with regulatory expectations.
• Investigate complex transaction monitoring issues and develop evidence-based solutions with relevant stakeholders.
• Assess risks, performance metrics and regulatory expectations, and present clear proposals for changes to transaction monitoring rules.

Skills, tools and areas of expertise

• Transaction monitoring rule design, including translating financial crime risks and typologies into practical detection rules.
• Knowledge of money laundering and terrorist financing risks and relevant national and international AML and CTF laws and regulations.
• Data interpretation, used to assess analytical outputs and support the design and optimization of detection rules.
• Stakeholder management across multidisciplinary teams, including collaboration with data scientists, FEC Technology, TM Operations and Compliance.
• Evidence-based problem-solving, used to investigate complex transaction monitoring issues and propose appropriate improvements.

Together we achieve more than alone

We believe in the power of differences. By combining people's differences, we become an even better bank. We are curious about what you will bring to our team Global Coverage & Control Design.

You will join the Global Coverage & Control Design team within the TM Control Standards department. The department is part of the Transaction Monitoring pillar of the Financial Economic Crime organization. The team consists of approximately 25 colleagues, while the multidisciplinary squads include approximately 10 colleagues. You will work in a focused and analytical environment with colleagues from different areas of expertise.

Why everyone is welcome at Rabobank

At Rabobank, we are working towards a culture where everyone feels welcome. We value our differences and use them to collaborate more effectively and make better decisions. By being open to different perspectives, we create an environment where colleagues feel heard. 

What do you bring?

Must-haves:

• A bachelor’s or master’s degree.
• At least five years of direct professional experience in Financial Economic Crime, with strong knowledge of money laundering and terrorist financing.
• Hands-on experience in transaction monitoring.
• Knowledge of national and international AML and CTF laws and regulations.
• Knowledge of retail banking, financial products, and financial services.
• The ability to translate money laundering and terrorist financing risks and typologies into practical transaction monitoring detection rules.
• The ability to interpret and challenge analytical outputs and use them to improve rule design and optimization.
• Experience working in multidisciplinary teams and collaborating with data scientists.
• Strong stakeholder management and communication skills, including the ability to explain and defend complex design decisions.
• Excellent spoken and written English.

Nice-to-haves:

• A pragmatic approach to solving complex problems in a changing environment.
• The flexibility to adapt when priorities or circumstances evolve.
• Experience with rule tuning, threshold analysis, segmentation, backtesting or post-implementation monitoring
• Experience with transaction monitoring governance, model risk management, control testing, validation, audit or regulatory reviews.
• Experience leading complex analyses

You and the application process

• Contact Lucas Winkels, Team Lead TM Control Design, via lucas.winkels@rabobank.nl for questions about the role.
• Contact Milou Stoop, Recruiter FEC, via milou.stoop@rabobank.nl for questions about working at Rabobank or the application process.
• If you are invited for an interview, Bo, our virtual assistant, will contact you by SMS and email to schedule the interview.
• A reliability assessment is part of the procedure.
• An assessment can be part of the application process.
• You can find answers to frequently asked questions here: Rabobank jobs FAQ
• We respect your privacy: Rabobank privacy information
• You are based in the Netherlands and, if required, hold a valid work permit to work in the Netherlands.
• The application process includes a round of case-study.

Frequently asked questions

Is this role suitable for my experience level?

This role requires at least five years of direct professional experience in Financial Economic Crime. Strong knowledge of money laundering and terrorist financing is required, while hands-on transaction monitoring experience is an advantage.

What will I do each day as a Transaction Monitoring Scenario Expert?

You will design and improve transaction monitoring detection rules, investigate complex issues, and assess evidence for proposed rule changes. You will also work with data scientists and stakeholders across technology, operations and compliance and present and defend proposals in the appropriate governance forums.

Which skills, tools or technologies will I use?

You will use your knowledge of financial crime risks, AML and CTF regulation, data analysis, and transaction monitoring rule design. You will work with Powerpoint, Sprint and Scrum tools in Azure DevOps and analyse output of data analysis in Notebooks.

Can I work hybrid?

You will work two days per week at the office in Utrecht, on Monday and Thursday.

Which team will I join and who will I work with?

You will join the Global Coverage & Control Design team within TM Control Standards. You will work in multidisciplinary squads with colleagues from FEC Technology.