Transaction Monitoring Scenario Expert

Discover the Impact You Can Make as a Transaction Monitoring Scenario Expert

As a Transaction Monitoring (TM) Scenario Expert you contribute to Rabobank proactively protecting its customers, society, and itself against (facilitation of) money laundering (ML) and terrorism financing (TF) by developing new and continuously improving Transaction Monitoring detection rules.

Preventing financial economic crime (FEC) is one of the key aspects for our society and our organization, and as a bank we play a major role in this field. As TM Scenario Expert you have a strong understanding of money laundering and terrorism financing risks and typologies. You have an expert role in TM detection challenges and can apply your knowledge of the ML/TF risks associated with specific customer segments, products, and services, to complex TM rule design choices ensuring effective risk detection and coverage.

As TM Scenario Expert, you are part of the Global Coverage & Control Design team within the Transaction Monitoring pillar of the Financial Economic Crime organization. You work with internal stakeholders in a dynamic and innovative landscape. TM Scenario Experts work in multidisciplinary squads with highly talented and motivated colleagues using Scrum Agile methodology. Your ability to translate ML/TF risks to functional TM rule requirements and simplify complex issues plays a pivotal role in the development of TM detection rules. As part of this job, you handle complex TM issues either independently or in collaboration, gather and analyze data to substantiate your insights and advice, engage with domestic and international stakeholders, and collaborate across the FEC organization.

Practical examples

• Work in a squad with other TM Scenario Experts and Data Scientists and develop TM rules that trigger alerts when certain patterns or behaviours are detected. You take the lead in applying your knowledge of ML and TF risks in the development process to facilitate decision-making and get internal stakeholders on board of the TM rule design choices.
• Leverage your knowledge on emerging risks, typologies and regulatory changes to optimize TM rules, substantiating your vision with data-driven analyses. As part of this process, you consider the implications of TM rule design choices on TM risk coverage.
• Collaborate with cross-functional teams, including FEC Technology, TM Operations, and Compliance to ensure effective implementation of TM rules.

Together we achieve more than alone

We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So, we are very curious about what you can bring to our team at Transaction Monitoring.

By translating trends and developments in the field of integrity risks such as money laundering, terrorist financing, fraud and sanctions into new scenarios for transaction monitoring, we ensure better protection for our customers, society and Rabobank itself.
Inge Jager, colleague from team Coverage & Control Design.

Working together is the way we work; as 1 team at Rabobank. We are a Dutch bank that operates in 38 countries for over 9,500,000 customers. Together with these customers, our members, and partners we stand side by side to create a world in which everyone has access to enough healthy food. In the Netherlands we work to create a country in which people are happy with how they live, work, and do business.

You and your talent

Customer focus, complex problem solving, collaborating and creativity are clearly essential for the role of TM Scenario Expert. As an expert within Rabobank, it is important that you are a team player who enjoys collaboration, is pro-active, flexible, business focused, and not afraid to take ownership in fighting financial economic crime. In addition, it is important that you recognize yourself in the checklist below.

• Bachelor's or Master's degree
• 5+ years relevant experience in the financial industry demonstrating knowledge of money laundering and terrorism finance, preferably within Retail Banking, Wholesale & Rural Banking, Financial Markets or Risk (Compliance)
• Knowledge of national and/or international AML/CTF laws and regulations
• Knowledge of the banking domain, financial products, and services
• Knowledge of transaction monitoring
• Ability to apply knowledge of ML/TF risks to TM rule design choices
• Excellent verbal and writing skills in English
• Strong stakeholder management skills
• Social skills are above average, connect easily, and can formulate clearly and to the point

A plus would be if you have:

• Experience with TM rule development
• Experience with TM alert handling
• Experience with TM coverage assessments
• Experience with AML/CTF as a regulator, enforcement officer, or legal practitioner
• Experience with Agile / Scrum / DevOps way of working
• Affinity and/or experience with data (analyses)