Checkout.com
Manager, Transaction Monitoring (AML Compliance)
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Manager, Transaction Monitoring (AML Compliance)
The Transaction Monitoring (TM) Compliance Manager
About Checkout.com
We’re Checkout.com. You might not recognise our name, but companies like eBay, Spotify, Klarna, Uber, and Sony do. We power many of the digital payment experiences you use daily.
Our platform enables over 10 billion transactions yearly for more than one billion global shoppers. Whether you’re booking a holiday, ordering food, renewing a subscription, or checking out online, chances are our technology sits unseen behind the payments process. We equip the most ambitious businesses with the tools to deliver seamless digital experiences at scale.
If you want to do career-defining work, you’ve come to the right place. We move with urgency, think globally, and believe that teams reach their full potential when built on exceptional people with conviction, curiosity, and a desire to make an impact.
With 20 offices across six continents, London our HQ, we are shaping the future of fintech—and we’re only just getting started.
The Role
As a Transaction Monitoring (TM) Compliance Manager, you’ll occupy a crucial role in our Second Line of Defence (2LoD) Financial Crime Compliance department. This specialized position ensures independent oversight, objective evaluation, and compliance challenges concerning the efficacy of the firm’s Transaction Monitoring framework.
As a Second Line Subject Matter Expert (SME), you will:
- Define the regulatory boundary
- Assess TM risk coverage
- Review governance, methodologies, and documentation underpinning detection mechanisms
This role does not take ownership of technical control or system design but provides independent assurance to ensure monitoring practices align with risk appetite, internal policies, and global regulatory expectations (AML/CTF/CPF).
Key Responsibilities
Compliance Oversight & Risk Assessment
- Independent Review: Lead ongoing 2LoD evaluations and challenge Compliance Risk Assessments (including EWRA and Product Risk Assessments) to ensure they accurately reflect current transaction data, typologies, and product utilization trends.
- Regulatory Surveying: Proactively monitor trends in global regulatory landscape, financial crime patterns, and enforcement actions to keep the firm’s TM compliance framework comprehensive and defensible.
- Gap Assurance: Independently assess the alignment between financial crime typologies and active monitoring coverage, identifying and communicating gaps to senior leadership.
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Independent Challenge & Assurance
- Segmentation & Calibration Challenge: Provide 2LoD challenges to data-driven customer segmentation methodologies executed by the First Line (1LoD), ensuring alignment with merchant risk profiles.
- Tuning & Optimization Review: Critically evaluate methodologies, statistical testing parameters, and documentation for periodic Above-the-Line (ATL) and Below-the-Line (BTL) testing, ensuring robust governance.
- Opining on Residual Risk: Formulate independent compliance opinions on residual risk acceptance, offering strategic input to governance forums and Global MLROs.
Governance, Risk & Reporting
- Model Risk Governance: Participate in compliance reviews of TM systems and model validation exercises, independently assessing transparency, logic, and regulatory defensibility of detection models (e.g., in line with FCA model risk management guidance).
- Strategic Alignment Support: Assist the Head of TM in aligning roadmap initiatives with the company’s compliance maturity framework.
- Reporting & Metrics: Support 2LoD Management Information (MI) and Key Risk Indicators (KRIs) reporting to track the compliance posture’s effectiveness for the Head of TM and Global MLRO.
Data Integrity & Alert Lifecycle Assurance
- Data Lineage Review: Ensure compliance with regulatory standards for documentation of data lineage, integrity, and completeness in feeds ingested into the monitoring architecture.
- Alert Lifecycle Evaluation: Review the end-to-end workflow for alert governance, risk scoring, and prioritization, ensuring high-risk alerts follow compliant escalation paths.
- Feedback Mechanisms: Analyze alert disposition trends and provide compliance feedback to technical teams, improving Suspicious Activity Report (SAR) quality over time.
Qualifications & Requirements
Experience
- 5+ years in Financial Crime Compliance, with specialization in Transaction Monitoring framework oversight within a regulated Payment Service Provider (PSP), FinTech, or financial institution.
- Demonstrated ability to operate in a Second Line of Defence (2LoD) capacity, objectively challenging technical teams and data models.
- Deep regulatory knowledge of:
- UK Money Laundering Regulations (MLRs)
- Joint Money Laundering Steering Group (JMLSG) Guidance
- FATF (Financial Action Task Force) standards
- Data literacy (familiarity with data analysis, visualization tools like Looker/Tableau, or basic SQL querying for evaluations).
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Education & Certifications
- Bachelor’s degree in Law, Finance, Criminology, or a related field (or equivalent professional experience).
- Highly regarded: Certifications from recognized bodies (e.g., ICA International Diploma in AML, ACAMS (Certified Anti-Money Laundering Specialist)).
Additional Notes
Bring Your Whole Self
We create an environment where top performers thrive, through real ownership, fewer obstacles, and content that delivers an impact from day one.
You will move fast, take meaningful risks, and receive recognition for the impact you create. Here, ambition fuels opportunity—responsibility goes hand-in-hand with growth.
We operate as one team, valuing every individual equally. Collaboration and support for each other are central to our culture. If you’re ready to grow and contribute, we’d love to welcome you in.
Accessibility & Inclusion: Please share your specific requirements during the application process—whether adjustments for accommodations or clarifications on working conditions—so we can ensure an inclusive experience for you.
Life at Checkout.com
We understand employees juggle many priorities outside of work. Our hybrid model offers flexibility, with three in-office sessions per week to nurture collaboration and connections.
- Learn more about our culture, values, and open roles on our Careers Page.
- Follow us on LinkedIn and Instagram for insights into day-to-day life here.
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