Transaction Monitong Associate - Fiat & Crypto

Transaction Monitoring Analyst/Associate - Fiat & Crypto

Compliance Operations | Bengaluru, Chennai

About Tazapay

Tazapay is a next-generation cross-border payments infrastructure platform, enabling global businesses to collect and pay out across 70+ markets through a single API. Our platform spans alternative payment methods, cards, virtual bank accounts, stablecoins, and payouts - backed by institutional-grade compliance across multiple jurisdictions.

We believe in a culture of openness, innovation, and building something that matters. Recognized on CNBC's World's Top Fintech Companies 2025, Tazapay is where ambitious professionals help shape the future of global payments.

About the Role

As a Transaction Monitoring Analyst at Tazapay, you will serve as a frontline officer within our Transaction Monitoring (TM) function - a critical line of defence in our global AML/CFT framework. You will review and investigate transaction alerts across both fiat and digital asset rails, conducting Level 1 (L1) analysis on flagged payment and on-chain activity, and ensuring that suspicious or unusual behaviour is escalated promptly and accurately in accordance with internal policy and applicable regulatory requirements.

A core part of this role is monitoring activity involving crypto wallets and stablecoin settlements - tracing fund flows on-chain, assessing wallet risk exposure, and applying virtual-asset typologies alongside traditional payment red flags. This role is ideal for a compliance professional who is analytical, process-driven, and equally comfortable investigating a card chargeback pattern or a chain-hopping scheme in a high-growth fintech environment.

Key Responsibilities

Transaction Monitoring & Alert Investigation (Fiat & Crypto)

• Monitor and review transaction alerts generated by the automated AML/TM system on a daily basis across all rails - cards, virtual accounts, alternative payment methods, payouts, stablecoin settlements, and crypto wallet activity - ensuring timely investigation and disposition within defined SLA timelines.

• Conduct L1 analysis on flagged transactions to determine whether the activity constitutes normal, unusual, or suspicious behaviour, applying relevant AML typologies and red flags for both fiat and digital assets.

• Investigate on-chain activity using blockchain analytics tooling (e.g. Chainalysis, Elliptic, TRM Labs, or similar) to trace the source and destination of funds, map wallet relationships, and assess exposure to illicit activity.

• Conduct wallet address screening and risk scoring, identifying exposure to sanctioned addresses, darknet markets, mixers/tumblers, ransomware proceeds, scams, and high-risk or unhosted/unregistered VASPs.

• Collect, review, and document supporting evidence - including transaction histories, customer profiles, account activity patterns, on-chain transaction graphs, and publicly available information - to substantiate investigation findings.

• Accurately log investigation rationale, findings, and disposition decisions in the case management system, maintaining a clear and auditable trail for each alert.

• Escalate alerts to Level 2 (L2) investigators or the Senior Compliance Officer where activity meets escalation criteria, including potential STR/SAR thresholds or complex risk indicators.

Typology Application

• Apply knowledge of traditional financial crime typologies such as layering, structuring, trade-based money laundering (TBML), and cross-border payment abuse to investigation assessments.

• Apply crypto-specific typologies including mixing/tumbling, chain-hopping (moving value across multiple blockchains to obscure origin), peel chains, smurfing across multiple wallets, use of privacy coins, DeFi and bridge layering, and use of nested or shell exchange accounts.

• Identify red flags around Travel Rule (FATF Recommendation 16) gaps, including missing or incomplete originator/beneficiary information on VASP-to-VASP transfers.

Screening & Sanctions

• Perform screening of counterparties and wallet addresses against sanctions lists (OFAC including the SDN crypto-address listings, UN, EU, MAS) and document findings accordingly.

• Maintain awareness of FATF high-risk jurisdictions, PEP typologies, and adverse media screening best practices as they apply to both individuals/entities and digital-asset counterparties.

Process, Controls & Collaboration

• Follow and contribute to the continuous improvement of documented workflows, standard operating procedures (SOPs), and controls within the TM function - including those specific to digital-asset monitoring - to improve investigative quality and efficiency.

• Collaborate with internal teams - including Sales, Product, Operations, and Technology - to resolve compliance-related queries, provide guidance on permissible activity, and flag emerging risks across both fiat and crypto products.

• Monitor controls and transaction limits in alignment with the Group's Risk Appetite Framework, escalating breaches or anomalies to the appropriate stakeholders.

• Support the compliance team during internal audits, regulatory visits, and external examinations by organizing case files, documentation, and evidence packs.

• Participate in regular team case calibration sessions, typology training (including emerging virtual-asset risks), and regulator-issued guidance reviews to ensure investigative standards remain current and consistent.

What Skills Do You Need?

Experience & Knowledge

• 2–6 years of experience in Transaction Monitoring, AML/CFT compliance, or financial crime investigation within a fintech, payments company, crypto/digital-asset business, or regulated financial institution.

• Demonstrated hands-on experience conducting L1 alert reviews and case investigations using automated TM systems.

• Practical experience monitoring crypto/digital-asset activity, including hands-on use of at least one blockchain analytics platform (e.g. Chainalysis, Elliptic, TRM Labs) for fund-flow tracing, wallet attribution, and risk scoring.

• Working understanding of blockchain fundamentals across major chains including the difference between UTXO and account-based models, hosted vs. unhosted wallets, stablecoins, and basic DeFi concepts.

• Strong working knowledge of AML/CFT regulatory frameworks, FATF Recommendations, and jurisdiction-specific requirements including MAS Notice PSN02, EU AMLD, and FINTRAC guidelines.

• Familiarity with the virtual-asset regulatory landscape, including the FATF guidance for Virtual Assets and VASPs, the FATF Travel Rule, MAS Payment Services Act / Digital Payment Token regime, and EU MiCA.

• Solid understanding of cross-border payment flows, virtual accounts, digital wallets, and emerging payment rails (RTP, stablecoins) and associated financial crime risks.

• Familiarity with FATF high-risk jurisdictions, sanctions regimes (OFAC, UN, EU) including sanctioned wallet-address designations, PEP typologies, and adverse media screening best practices.

• Experience in preparing or contributing to Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs) for regulatory submission.

Core Competencies

• High attention to detail with the ability to identify subtle indicators of financial crime within large volumes of transaction data - both tabular payment data and on-chain transaction graphs.

• Strong analytical and critical thinking skills - able to draw reasoned conclusions and articulate clear investigation narratives.

• Excellent written and verbal communication skills in English; ability to document findings concisely and professionally.

• Self-motivated, organised, and capable of managing a personal alert queue independently while contributing to broader team objectives.

• Collaborative mindset with the ability to work effectively across cross-functional teams and geographies in a fast-paced, dynamic environment.

• Education: Bachelor's degree in Finance, Accounting, Banking, Law, Economics, or a related discipline. Professional certifications such as CAMS, CFE, ICA Diploma in AML, or CCAS / Chainalysis or TRM certification are a strong advantage.

If you are a detail-oriented compliance professional with a genuine interest in financial crime prevention across both traditional and digital-asset rails, we would love to hear from you. Join Tazapay and be part of building the next generation of compliant global payment infrastructure.