Senior Transaction Monitoring Manager – Methodology & Validation (m/f/d)

Team

Become part of the Anti-Financial Crime (AFC) department at Raisin Bank AG. Our mission is to protect the bank and its customers from money laundering, terrorist financing, and fraud. Within this department, AFC Advisory is responsible for the methodological, regulatory, and conceptual foundations of AML prevention—including policies, risk analysis, methods, controls, and internal instructions. In this position, you will take responsibility for one of the central pillars of our framework: the methodology, calibration, and validation of IT-based transaction monitoring in accordance with § 25h KWG (German Banking Act) and § 15 GwG (German Money Laundering Act).

Your Responsibilities

• Methodological Development: Responsible for the methodological further development of the indicator model for EDV-supported transaction monitoring — with traceable derivation from the bank's money laundering risk analysis and full coverage of money laundering, terrorist financing, criminal acts according to § 25h KWG, as well as channel- and product-specific risk factors.
• Threshold Framework: Establishing and maintaining a reproducible, quantitative threshold framework (population statistics, percentile/Z-score/typology-based methods) with clearly anchored KPIs, as well as managing the annual recalibration cycle.
• Validation Regime: Designing and implementing the validation regime for the entire rule set: backtesting, look-backs, sample tests according to BaFin AuA standards, and validation KPIs (True Positive Rate, False Positive Rate, alert rate, processing latency).
• Standardization: Defining and maintaining the minimum content requirements for alerts and cases (source of funds, plausibility checks against customer profiles, four-eyes principle evidence, justification of decisions, and deadline monitoring).
• Change Governance: Responsibility for the rule change logbook and the associated change governance process as audit-proof evidence for the bank's monitoring framework.
• Regulatory Intelligence: Translating evolving regulatory requirements and typologies (BaFin, EBA, FIU, FATF, AMLA) into rule set requirements and ongoing derivation of "Re-calibrate/Retire/Replace" decisions per rule family.
• External Management: Technical steering of external consultants and transaction monitoring providers regarding methodology and validation; ensuring versioned change governance, parameter access, and SLAs.
• Audit & Supervision: Preparing, supporting, and defending the methodology and validation results during internal and external audits as well as regulatory inspections.
• Interface Management: Managing the interface with AFC Operations regarding rule configuration and case processing; contributing to internal guidelines, including procedural instructions, validation policies, and escalation paths.

Your Profile

• Experience: At least 5–7 years of relevant professional experience in transaction monitoring methodology, AML model validation, or comparable quantitative AFC roles—at a bank, an audit/consulting firm (FS Risk & Regulation), or a transaction monitoring provider.
• Regulatory Expertise: Deep understanding of relevant regulations: § 25h KWG, § 15 GwG, BaFin AuA, AML-VO, EBA Guidelines on ML/TF Risk Factors, FATF recommendations/typologies, and MaRisk AT 4.3.4 as a model validation analogy.
• Technical Knowledge: Proven experience in indicator modeling, threshold derivation, backtesting, and look-back methodology within an AML, Sanctions, or Fraud context.
• Quantitative Skills: Strong analytical skills (statistics, data analysis—SQL is mandatory; Python or R is an advantage); comfortable handling large transaction datasets.
• Tooling & Governance: Practical experience with at least one established transaction monitoring or sanctions screening tool; experience with vendor and outsourcing governance (§ 25b KWG / MaRisk AT 9) is desirable.
• Audit Exposure: Experience defending methodology and validation results to auditors and regulators; knowledge of § 44 KWG audits is a plus.
• Mindset: Conceptual depth paired with a hands-on mentality—willing to calculate thresholds and validations yourself, not just commission them.
• Soft Skills: High degree of integrity, responsibility, and quality standards; ability to represent technical positions independently of daily operations.
• Communication: A team player with excellent communication skills in German and English (at least C1 level); ability to explain complex methodology clearly to quants, the Board of Directors, and regulators alike.

Join our mission, join our team – and grow with us!

At Raisin, we care about each other and it is one of our top priorities to foster an open and caring environment in which everyone feels welcome and comfortable. Our culture is strongly driven by our ambitious team, which connects more than 75 different nationalities.

As part of our team, you will benefit from:

• Employee Development Budget of €2,000 and four full training days per year.
• Flexible working hours, home office and 30 vacation days.
• A company pension scheme (Betriebliche Altersvorsorge), which we support with 20%.
• Enjoy more than 50+ different sports with Urban Sports Club: We subsidize your membership with more than €20 per month. 
• Do you miss being in the office? The Deutschland Ticket gets you there, which we subsidize with €25 per month.
• Love cycling? With JobRad, lease the bike of your choice and enjoy tax savings, plus Raisin covers your monthly insurance costs.
• Hungry all the time? Snacks, daily fresh fruit as well as drinks provided at the office.
• You are moving from another country or city to join us? We may support your relocation.