Senior Transaction Monitoring Manager – Methodology & Validation

About the role

Become part of the Anti-Financial Crime (AFC) department at Raisin Bank AG. Within AFC Advisory, you will take responsibility for one of the central pillars of the framework: the methodology, calibration, and validation of IT-based transaction monitoring in accordance with § 25h KWG and § 15 GwG.

What you'll do

• 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.
• Establishing and maintaining a reproducible, quantitative threshold framework (population statistics, percentile/Z-score/typology-based methods) with clearly anchored KPIs, and managing the annual recalibration cycle.
• 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).
• Defining and maintaining minimum content requirements for alerts and cases (source of funds, plausibility checks, four-eyes principle evidence, justification of decisions, and deadline monitoring).
• Responsibility for the rule change logbook and the associated change governance process as audit-proof evidence for the bank's monitoring framework.
• Translating evolving regulatory requirements and typologies (BaFin, EBA, FIU, FATF, AMLA) into rule set requirements and ongoing "Re-calibrate/Retire/Replace" decisions per rule family.
• Technical steering of external consultants and transaction monitoring providers regarding methodology and validation; ensuring versioned change governance, parameter access, and SLAs.
• Preparing, supporting, and defending methodology and validation results during internal and external audits as well as regulatory inspections.

What you'll need

• At least 5–7 years of relevant professional experience in transaction monitoring methodology, AML model validation, or comparable quantitative AFC roles.
• Deep understanding of § 25h KWG, § 15 GwG, BaFin AuA, AML-VO, EBA Guidelines on ML/TF Risk Factors, FATF recommendations/typologies, and MaRisk AT 4.3.4.
• Proven experience in indicator modeling, threshold derivation, backtesting, and look-back methodology within an AML, Sanctions, or Fraud context.
• Strong analytical skills (statistics, data analysis — SQL is mandatory; Python or R is an advantage); comfortable handling large transaction datasets.
• Practical experience with at least one established transaction monitoring or sanctions screening tool.
• Experience defending methodology and validation results to auditors and regulators.
• Excellent communication skills in German and English (at least C1 level).

Nice to have

• Experience with vendor and outsourcing governance (§ 25b KWG / MaRisk AT 9).
• Knowledge of § 44 KWG audits.

What they offer

• Employee Development Budget of €2,000 and four full training days per year.
• Flexible working hours, home office, and 30 vacation days.
• Company pension scheme (Betriebliche Altersvorsorge) with 20% employer support.
• Urban Sports Club membership subsidized with more than €20 per month.
• Deutschland Ticket subsidized with €25 per month.
• Relocation support may be available.