Transaction Monitoring Analytics Consultant

Engagement Type: Contract (Consulting Assignment)

Industry: Banking / Financial Services

Overview

We are seeking an experienced Transaction Monitoring Analytics Consultant to support a leading bank in Dubai on a high-impact financial crime compliance initiative. This role focuses on enhancing, building, and optimizing transaction monitoring systems to improve detection capabilities, reduce false positives, and ensure regulatory alignment.

You’ll be stepping into the engine room of financial crime prevention—tuning the signals, refining the filters, and making sure nothing suspicious slips through the cracks.

Key Responsibilities

• Design, enhance, and optimize transaction monitoring scenarios and rules across AML systems
• Perform threshold tuning and calibration to balance detection efficiency and false positive rates
• Conduct model validation and performance assessments for transaction monitoring frameworks
• Analyse large datasets to identify trends, typologies, and gaps in existing monitoring controls
• Support the development and implementation of new detection scenarios based on emerging risks and regulatory expectations
• Collaborate with compliance, technology, and data teams to ensure effective system integration and deployment
• Document methodologies, assumptions, and validation results in line with regulatory standards
• Provide insights and recommendations to improve overall financial crime risk management frameworks

Key Requirements

• Proven experience in transaction monitoring, AML analytics, or financial crime consulting
• Strong hands-on expertise with transaction monitoring systems (e.g., Actimize, Fircosoft, SAS AML, or similar)
• Experience in model validation, scenario design, and threshold optimisation
• Proficiency in data analysis tools (SQL, Python, SAS, or similar)
• Solid understanding of AML regulations and typologies (preferably within banking environments)
• Ability to translate complex analytical findings into actionable business recommendations
• Strong stakeholder management and communication skills

Preferred Qualifications

• Experience working with Middle East banking clients or regulators
• Familiarity with risk-based approaches and regulatory expectations in the UAE
• Background in consulting or project-based environments

What You’ll Deliver

• More effective and efficient transaction monitoring rules
• Reduced false positives without compromising risk coverage
• Clear, defensible model validation and documentation
• Tangible improvements in financial crime detection capability

Contract Details

• Competitive day rate (dependent on experience)
• Initial contract with potential extension
• On-site / hybrid working model in Dubai