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About the Role
The Compliance Operations Associate plays a crucial role in maintaining the integrity and efficiency of our financial operations. This position is responsible for a range of activities that ensure compliance with regulatory standards and internal policies, particularly in the areas of account management, payment processing, and risk mitigation.
Responsibilities
- Manage the process of closing accounts, ensuring compliance with legal and regulatory requirements.
- Collaborate with internal teams to identify and address any issues that may arise during the account closure process.
- Handle returned payments efficiently, investigating and resolving issues that lead to payment discrepancies.
- Communicate with clients and financial institutions to facilitate the resolution of returned payments.
- Timely and accurately respond to RFIs from regulatory bodies, financial institutions, and internal stakeholders.
- Maintain detailed records of all correspondences and responses.
- Conduct due diligence on new beneficiaries, ensuring compliance with anti-money laundering (AML) and know your customer (KYC) regulations.
- Update and maintain beneficiary information in the system.
- Manage communications related to SWIFT transactions, including the handling of recalls and related inquiries.
- Ensure swift and accurate responses to all SWIFT-related communications.
- Participate in the assessment of operational risks and the development of mitigation strategies.
- Implement and monitor controls to prevent financial fraud and compliance breaches.
- Prepare regular reports on compliance activities and incidents.
- Ensure all operations are documented in accordance with internal policies and regulatory standards.
Requirements
- Minimum of 2 years in a compliance or operational role within the financial services industry.
- Familiarity with AML, KYC, and other relevant financial regulations.
- Ability to analyze complex information and identify compliance risks.
- Excellent written and verbal communication skills, with the ability to interact effectively with various stakeholders.
- Meticulous attention to detail and accuracy in all aspects of work.
- Strong problem-solving skills and the ability to handle challenging situations.
- Proficiency in compliance software and MS Office Suite.
- Must be eligible to work in the UK.
- Full background checks will be carried out on all successful candidates.
Skills
- AML
- KYC
- Analytical Skills
- Communication Skills
- Attention to Detail
- Problem-Solving
- MS Office Suite
Location
- London
Work Type
- Permanent
- Full Time
Experience Level
- Minimum of 2 years
Benefits
- 25 days’ annual leave, plus bank holidays
- An extra day off for your birthday
- Holiday loyalty scheme rewarding long-term service
- Work abroad scheme for added flexibility
- Competitive pension scheme via salary exchange
- Annual discretionary bonus scheme (eligible after probation)
- Financial education, planning & coaching platform
- Interest-free Season Ticket Loan for London travel
- Salary exchange nursery fee scheme
- Life Insurance
- Healthcare platform including: Cashback on dental, optical & physio, Virtual GP access, Mental health and stress support helplines, Additional wellbeing resources
- Enhanced parental leave
- Cycle to work scheme
- Flexible benefits that support everyday life
- Career development and progression tools
- Opportunities to grow within a fast-scaling international business
- Social events
About the Company
- We believe that diversity and inclusion are essential to our success. We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences. By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.
Equal Opportunity
- We believe that diversity and inclusion are essential to our success. We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences. By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.