AML & Financial Crime (Fraud) Consultant

AML & Financial Crime (Fraud) Consultant for a 6 month contract at a leading investment bank in London. A hybrid position paying up to £540 per day Umbrella

About the Role

A leading international banking group is seeking a Fraud Rule Analyst to join an established Financial Crime team within the first line of defence. This team is responsible for ensuring that transaction monitoring and screening systems operate at optimal effectiveness - balancing fraud detection with operational efficiency. The successful candidate will play a key role in rule tuning, data analysis, and system optimisation, helping to proactively identify emerging threats and improve fraud detection outcomes.

Key Responsibilities

• Perform data-driven analysis to identify fraud trends, behavioural patterns, and system performance issues
• Conduct rule tuning and threshold optimisation, including testing, calibration, and performance evaluation
• Support the design, development, and enhancement of fraud detection rules and scenarios
• Analyse alert volumes, false positives, and system outputs to improve efficiency and effectiveness
• Collaborate with technology teams on system changes, releases, and enhancements
• Contribute to projects and initiatives within fraud screening and monitoring
• Produce management information (MI) and reporting for senior stakeholders
• Gather and define business requirements, working closely with cross-functional teams
• Maintain and update rules, lists, and configuration settings
• Develop and maintain documentation, procedures, and governance standards

Skills & Experience

• Strong understanding of fraud typologies, controls, and financial crime risks
• Experience working with transaction monitoring or payment screening systems
• Hands-on experience in rule tuning, data analysis, or fraud analytics
• Proficiency in SQL or similar data querying tools for analysing large data sets
• Experience producing insightful reporting and MI for stakeholders
• Knowledge of payment flows and end-to-end payment processes
• Strong analytical thinking with the ability to translate data into actionable insights
• Effective communication skills, with experience presenting findings to stakeholders

Desirable

• Experience with Actimize or similar fraud/transaction monitoring platforms (Candidates with experience using alternative systems are also encouraged to apply)
• Familiarity with data visualisation tools such as Power BI or Tableau
• Experience working in a banking or financial services environment

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