Analyst, Transaction Monitoring at Airwallex: A Comprehensive Overview

Role Overview

The Analyst, Transaction Monitoring role at Airwallex is a critical position within the company's Operations team, focusing on maintaining the integrity of the financial platform and ensuring compliance with regulatory obligations. This role involves reviewing and analyzing transaction monitoring alerts, conducting customer reviews, and identifying potential risks related to money laundering, fraud, and other financial crimes. The analyst works closely with various internal teams, including Compliance, Commercial, and Product, to deliver a safe and seamless customer experience.

This position requires a strong understanding of BSA/AML regulations, excellent analytical skills, and the ability to make informed judgments based on available data. The ideal candidate will be detail-oriented, possess strong communication skills, and be capable of working in a high-volume operational environment.

Day in the Life

A typical day for an Analyst, Transaction Monitoring at Airwallex might include:

• Reviewing Transaction Monitoring Alerts: Analyzing and dispositioning transaction monitoring alerts using independent and professional judgment. This involves assessing the risk level of each alert and determining whether further investigation is required.
• Conducting Customer Reviews: Performing transaction and customer reviews to identify potential money laundering, fraud, or other financial crime risks. This includes reviewing the flow of funds, counterparties, and transaction behavior.
• Documenting Investigative Findings: Clearly documenting investigative findings and decisions in the case management system. Ensuring that all relevant information is recorded accurately and comprehensively.
• Escalating Complex Cases: Escalating higher-risk or complex cases with concise summaries and supporting analysis. Providing clear and actionable information to senior team members or management.
• Performing Holistic Reviews: Conducting holistic reviews for post-transaction monitoring alerts when required. This involves examining a wide range of factors to identify potential risks.
• Supporting Internal and External Requests: Supporting internal escalations and external requests (e.g., RFIs) as needed. Providing timely and accurate information to stakeholders.
• Maintaining SLAs and Quality Standards: Ensuring that all tasks are completed within established SLAs and that quality standards are met in a high-volume operational environment.
• Identifying Process Improvement Opportunities: Identifying opportunities to improve processes, controls, and investigation quality. Recommending and implementing solutions to enhance efficiency and effectiveness.

Why San Francisco or New York?

Airwallex has offices in both San Francisco and New York, offering candidates the flexibility to choose the location that best suits their needs and preferences. Both cities are major financial hubs with a strong presence of fintech companies, providing ample opportunities for professional growth and networking.

• San Francisco: Located in the heart of Silicon Valley, San Francisco is a hub of innovation and technology. The city offers a vibrant culture, diverse communities, and access to some of the world's leading tech companies.
• New York: As a global financial center, New York City offers a dynamic and fast-paced environment. The city is home to numerous financial institutions, regulatory agencies, and fintech startups.

Career Path

The Analyst, Transaction Monitoring role can serve as a stepping stone to various career paths within Airwallex, including:

• Senior Analyst, Transaction Monitoring: Taking on more complex cases and responsibilities, mentoring junior team members, and contributing to the development of transaction monitoring strategies.
• Team Lead, Transaction Monitoring: Leading a team of analysts, overseeing their work, and ensuring that performance goals are met.
• Compliance Officer: Focusing on broader compliance-related activities, such as developing and implementing compliance policies and procedures.
• Fraud Investigator: Specializing in the investigation of fraudulent activities and working to prevent future occurrences.
• AML Specialist: Focusing on anti-money laundering compliance, including conducting risk assessments, developing training programs, and ensuring compliance with regulatory requirements.

Salary & Benefits

The estimated salary range for an Analyst, Transaction Monitoring at Airwallex in San Francisco or New York is $85,000 to $135,000 per year. This range is based on industry standards and the candidate's experience and qualifications. In addition to a competitive salary, Airwallex offers a comprehensive benefits package, including:

• Health Insurance: Comprehensive health, dental, and vision insurance plans.
• Paid Time Off: Generous paid time off (PTO) and holiday schedule.
• Equity: Employee stock options.
• Retirement Plan: 401(k) retirement plan with company match.
• Professional Development: Professional development opportunities and training programs.
• Employee Assistance Program: Employee assistance program (EAP).
• Flexible Spending Accounts: Flexible spending accounts (FSA) for healthcare and dependent care.
• Life Insurance: Life insurance and disability coverage.
• Commuter Benefits: Commuter benefits to help with transportation costs.
• Wellness Programs: Wellness programs and resources to support employee well-being.

Airwallex Culture

Airwallex fosters a culture of innovation, collaboration, and customer focus. The company values employees who are proactive, results-oriented, and committed to excellence. Airwallex encourages employees to take ownership of their work, challenge the status quo, and continuously seek opportunities for improvement.

The company also places a strong emphasis on diversity and inclusion, creating a welcoming and supportive environment for employees of all backgrounds. Airwallex is committed to providing equal opportunities for all employees and applicants, and to fostering a culture where everyone feels valued and respected.

How to Apply

Interested candidates can apply for the Analyst, Transaction Monitoring position through the Airwallex careers page. The application process typically involves submitting a resume and cover letter, completing an online assessment, and participating in interviews with members of the hiring team. Candidates who are selected for an interview will have the opportunity to learn more about the role and the company, and to demonstrate their skills and qualifications.

FAQ

1. What are the key responsibilities of an Analyst, Transaction Monitoring?

   The key responsibilities include reviewing transaction monitoring alerts, conducting customer reviews, documenting investigative findings, escalating complex cases, and supporting internal and external requests.

2. What qualifications are required for this role?

   A bachelor's degree in a related field, a minimum of 2 years of experience in transaction monitoring or AML compliance, and a strong understanding of BSA/AML regulations are required.

3. What skills are important for success in this role?

   Important skills include analytical skills, problem-solving skills, attention to detail, communication skills, and the ability to work independently and as part of a team.

4. What is the typical career path for an Analyst, Transaction Monitoring at Airwallex?

   The typical career path includes roles such as Senior Analyst, Team Lead, Compliance Officer, Fraud Investigator, and AML Specialist.

5. What is the salary range for this position?

   The estimated salary range is $85,000 to $135,000 per year, depending on experience and qualifications.

6. What benefits does Airwallex offer?

   Airwallex offers a comprehensive benefits package, including health insurance, paid time off, equity, a retirement plan, and professional development opportunities.

7. What is the company culture like at Airwallex?

   Airwallex fosters a culture of innovation, collaboration, and customer focus, with a strong emphasis on diversity and inclusion.

8. How can I apply for this position?

   You can apply through the Airwallex careers page by submitting a resume and cover letter.

9. What is the interview process like?

   The interview process typically involves an online assessment and interviews with members of the hiring team.

10. What opportunities are there for professional development at Airwallex?

    Airwallex offers various professional development opportunities and training programs to help employees grow their skills and advance their careers.