Transaction Monitoring Scenario Engineers (h/f)

Transaction Monitoring Scenario Engineers

Initial 6 months

Fully remote in UK

£400-450pd Inside IR35

ASAP START

emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector. We power progress, solve challenges, and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication to delivering the optimal service for our clients. Our commitment is not just towards our clients - we aim to foster a positive and equitable working environment with our consultants and colleagues, which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are hiring experienced Transaction Monitoring Scenario Engineers to drive and enable model validation and tuning. This role is focused on designing, developing, and optimising data-driven transaction monitoring scenarios and models that enhance detection capability, improve data quality, and support regulatory compliance. You will ensure to monitor requirements are translated into scalable, well-calibrated data products and analytical models.

Key Responsibilities

• Design and optimise transaction monitoring scenarios and rules, incorporating customer and transaction segmentation strategies and risk-based approaches aligned to varying business risk appetites

• Develop and document score design frameworks (thresholds, weightings, risk indicators) and perform scenario tuning and calibration to improve detection efficiency while managing false positives and operational impact

• Own the end-to-end testing approach, including back-testing, forward-testing, and sensitivity analysis, ensuring scenario logic, data inputs, and thresholds are robust and fit for purpose

• Support and contribute to model validation processes, providing clear documentation, assumptions, and performance insights, and participating in validation reviews and remediation activities

• Translate transaction monitoring requirements into technical specifications, data models, and configuration logic, working closely with Engineers and Technical BAs to ensure accurate implementation into production systems

• Act as a key link between Compliance, Risk, Operations, and Technology, leading workshops, refining requirements, and ensuring solutions are aligned to regulatory expectations

• Drive improvements in data quality, lineage, and control frameworks, ensuring all scenarios and outputs are based on governed, traceable, and high-quality data

Required Skills & Experience

• Proven experience within transaction monitoring and scenario design

• Strong experience in: Scenario modelling, Segmentation strategies, Scorecard/rule-based design, Model tuning and calibration

• Hands-on experience with testing methodologies (back-testing, threshold analysis, sensitivity analysis)

• Understanding of model validation frameworks and regulatory expectations

• Experience translating analytical requirements into configurations, logic, and technical specifications

• Familiarity with passing models into engineering teams for implementation (config, coding, deployment life cycle)

• Strong understanding of AML/KYC regulations (CDD, EDD, SAR reporting)

• Experience with data modelling, data architecture, and system integration

• Ability to communicate effectively across technical and non-technical stakeholders

• Experience with financial crime platforms or transaction monitoring tools

• Knowledge of model governance, validation frameworks, and audit requirements

• Experience in large-scale financial crime transformation or data programmes

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.

emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin