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Deputy Head of Transaction Monitoring

Capital.com· Compliance – Compliance Group
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Hybrid (Sofia City, Bulgaria / Limassol, Cyprus)HybridPosted 4w ago

About the role

Senior 2LOD leadership role responsible for the execution, oversight, and continuous transaction monitoring framework across all regulated entities within the Group Financial Crime & Compliance function.

Responsibilities

  • Shape and evolve the Group TM framework with the Head of TM — policies, procedures, rule design methodology, threshold calibration, and the quality assurance regime.
  • Review and challenge Scenario Engineering outputs, rule specifications, threshold proposals, and back-testing results ahead of Head of TM sign-off.
  • Own the quality bar for QA and Governance outputs, ensuring they meet the standard expected by senior management and regulators.
  • Shape rule change proposals and threshold recalibrations through the change management process.
  • Drive TM minimum standards across entities, partnering with local Heads of Compliance to close gaps.
  • Approve withdrawal holds, account restrictions, and alert escalations as delegated by the Head of TM.
  • Review L3 SAR referral packs for completeness and evidential sufficiency before they go to the entity MLRO.
  • Approve interim rule threshold changes that can't be deferred, recording the rationale for the Head of TM to confirm on their return.
  • Deputise fully for the Head of TM during leave or absence, holding full decision-making authority within the governance framework for that period.
  • Support the Head of TM in managing regulator relationships on TM matters.
  • Respond to supervisory queries, attend regulatory meetings, and represent the TM function at inspections.
  • Support the preparation and delivery of regulatory submissions, responses to supervisory feedback, and remediation communications.
  • Coordinate with entity MLROs and Heads of Compliance on jurisdiction-specific TM requirements.
  • Provide day-to-day leadership and line management of TM specialist teams, alongside the Head of TM.
  • Lead recruitment, onboarding, and development of TM analysts across pillars.
  • Chair TM governance meetings, including in the Head of TM's absence.
  • Act as the senior escalation point for analysts, bringing decisions to the Head of TM where needed.
  • Drive risk culture across the TM function through visible leadership, consistent challenge, and clear communication.
  • Uphold the governance boundary between TM compliance decisions and commercial interests, escalating to the Group Head of Compliance and Regulatory Risk if the Head of TM is unavailable to resolve a conflict.
  • Ensure 1LOD Alert Operations operates within the framework set by 2LOD, escalating any breach to the Head of TM.
  • Maintain audit-ready documentation across all TM governance activity.
  • Act as a senior escalation point for material TM issues, control failures, and emerging risks across all entities

Qualifications

  • Extensive experience in financial crime compliance, with at least 3 years in a senior TM role (team lead, deputy head, head of TM, or equivalent) within a regulated financial services firm.
  • Experience in the CFD, forex, or leveraged derivatives sector, or with investment firms offering similar products.
  • Demonstrable experience making autonomous decisions on TM matters: alert escalation, SAR filing recommendations, account restriction approvals, and rule threshold adjustments.
  • Experience engaging directly with the FCA or another Tier 1 regulator (CySEC, ASIC, MAS, BaFin) on TM or financial crime matters, including responding to supervisory queries and attending regulatory meetings.
  • Experience with TM framework design or significant enhancement, including rule design methodology, threshold calibration, and quality assurance.
  • Working knowledge of AML/CTF regulatory requirements in at least two of: UK (FCA/MLR 2017), EU/Cyprus (AMLD/CySEC), Australia (AML/CTF Act/AUSTRAC), UAE (CBUAE).
  • Experience managing or overseeing a team of financial crime or TM specialists.
  • Strong written and verbal communication: the role produces materials for senior management, the CCO, the Board, and regulators.

Skills

Required:Financial crime / anti-money laundering (AML)TM framework design and operationRegulatory engagement and reporting

Benefits

  • Competitive Salary
  • Work-Life Harmony
  • Generous Time Off
  • Employee Referral Program
  • Comprehensive Health & Pension Benefits
  • Workation Wonderland: 30 extra days remote work options
  • Volunteer Days: two additional paid days per year
Last updated Oct 21, 2026. Interested? Apply on the company site.

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