Explore specialized jobs in the financial crime compliance sector as a Correspondent Banking Transaction Monitoring Subject Matter Expert. This critical role sits at the intersection of international finance, regulatory compliance, and risk management, focusing on safeguarding the global banking system. Professionals in this field act as the authoritative experts on financial crime risks inherent in correspondent banking—the network that allows banks to provide cross-border payment services to each other. Their primary mission is to ensure their institution can effectively detect, investigate, and report suspicious activity, thereby protecting the bank from regulatory penalties and reputational damage while combating financial crime. The day-to-day responsibilities of a Correspondent Banking TM Subject Matter Expert are multifaceted and strategically vital. Typically, they provide deep subject matter expertise to support transaction monitoring (TM) teams, enhancing the quality and consistency of complex investigations into unusual client activity. They are responsible for developing and refining TM scenarios, rules, and typologies specifically tuned to the unique risk profiles of correspondent banking relationships, such as nested accounts and wire stripping. A core part of the role involves analyzing emerging financial crime trends, interpreting new regulations, and translating these into actionable guidance and robust control frameworks. These experts also design and deliver targeted training to investigators and other stakeholders, ensuring the frontline has the knowledge to identify subtle red flags. Furthermore, they play a key liaison role, collaborating closely with Financial Crime Compliance advisory teams, first-line business units, technology teams, and audit functions to ensure risks are holistically managed and control enhancements are effectively implemented. To excel in these demanding jobs, individuals must possess a specific blend of skills and experience. A profound, practical understanding of correspondent banking products, services, and payment flows is non-negotiable. This must be coupled with expert knowledge of global financial crime regulations (e.g., AML/CFT standards from the FATF, OFAC requirements) and the specific typologies used to launder money or finance terrorism through correspondent networks. Strong analytical and investigative skills are essential for dissecting complex transaction patterns and root causes. Given the need to influence change and align diverse stakeholders, exceptional communication and stakeholder management skills are critical. Candidates typically have several years of hands-on experience in financial crime compliance, risk management, or audit within a large financial institution, with a direct focus on correspondent banking or wholesale banking operations. For those with this expertise, Correspondent Banking TM Subject Matter Expert jobs offer a high-impact career path dedicated to integrity and security in international finance.
