Compliance Associate - Payments Provider

Recruiter
MW Recruitment
Location
Farringdon
Posted
14 Apr 2018
Closes
17 May 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

An excellent opportunity has arisen for a compliance associate with focus on payments to work in a City based challenger bank. The role is within a payments operations team and the right candidate will be involved in a variety of compliance analyst duties.

Role duties

  • To assist with the implementation of the compliance framework and strategy for bank's payment services.
  • To assist in the AML related compliance monitoring and risk assessment of prospective/existing clients.
  • Conduct anti-money laundering investigations and drafting SARs to MLRO.
  • Ongoing monitoring including transaction monitoring and identification and reporting of suspicious activity.
  • Conduct client due diligence and enhanced due diligence.
  • Keeping up to date with regulatory and industry developments and provide suggestions for improvements to compliance policies and procedures.
  • Deal with ad-hoc queries relating to payments services.

Experience / Skills

  • Minimum 2 year experience in financial crime within payments industry.
  • Knowledge of UK regulatory framework, regulations and guidance (including PRA and FCA rule-books).
  • Knowledge and able to use AML/KYC systems and controls.
  • Experience in risk assessment of other payment institutions.

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