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- Tasks: Support the Compliance team with KYC adoptions and reviews for corporate clients.
- Company: IFX Payments is a leading global provider of foreign exchange and payment solutions.
- Benefits: Enjoy 25 days annual leave, healthcare plans, discounts, and career development opportunities.
- Why this job: Join a high-performance team that values growth, collaboration, and making an impact.
- Qualifications: 1 year of relevant experience; AML certification preferred; strong analytical and communication skills required.
- Other info: Hybrid work model: 3 days in London office, 2 days remote.
The predicted salary is between 28800 - 43200 £ per year.
Join to apply for the Compliance Associate role at IFX Payments
Join to apply for the Compliance Associate role at IFX Payments
About IFX Payments
We\’re an award-winning global provider of foreign exchange and payment solutions. At IFX, our mission is to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions that add value beyond the transaction. We have one guiding principle: to Win. Properly.
About IFX Payments
We\’re an award-winning global provider of foreign exchange and payment solutions. At IFX, our mission is to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions that add value beyond the transaction. We have one guiding principle: to Win. Properly.
What we offer
Everyone at IFX Payments has a meaningful and impactful role to play in helping us achieve that goal. We take pride in the quality of our work but balance that with the speed, intent, tenacity, and focus needed to win. We\’re a high-performance team who can trust each other as individuals to get the job done so we can be successful together.
Being part of IFX Payments, you\’ll receive every opportunity to thrive in your role to contribute to that success. We\’ll invest in you along the way to genuinely help you grow and take your career to new and exciting places. You\’ll work alongside experienced industry leaders, receive guidance from pioneering performance coaches and have the option to gain qualifications in your field that help you realise your ambitions. In exchange, we don\’t expect anything extra from you during your time here. We only ask you to do one thing: Make it count.
Benefits
- 25 days of annual leave + bank holidays and your birthday off.
- Pension auto-enrolment with salary sacrifice contributions.
- Healthcare cash plan including support for dental, physio and therapies.
- Discounts on fitness, cinema discounts, shopping, travel, entertainment and more!
- Life Insurance.
- Cycle to work.
- Nursery fees salary exchange.
- Employee Assistant Programme
- Career progression with excellent training and development.
- Company events – Pub nights, sporting events, seasonal parties, socials
What\’s the role?
Job Title: Compliance Associate
Team: Compliance
Location: London
Overview of the role
As the Compliance associate you will support the IFX business predominantly the Compliance team servicing corporate clients.
You will work directly with the Due Diligence Manager and Sales/Client Relationship managers that are responsible for the client relationships to complete client KYC adoptions and reviews, ensuring strict adherence to IFX KYC policy and procedures & Anti-Money Laundering (AML) Compliance requirements.
This particular role will be focus on the onboarding of new clients which will involve CDD/EDD checks, including PEP, sanctions and adverse media screening, ownership structure and risk assessments.
The role requires to work 3 days a week from London office and 2 days remotely.
Responsibilities
- Conduct in-depth due diligence reviews for corporate high-risk clients, in line with regulatory and internal compliance standards.
- Reviewing and carrying out PEP, Sanction and Adverse Media checks as necessary, ensuring ongoing checks are completed in a timely fashion and any false positives are recorded and escalated as required.
- Request submission of documents from clients according to periodic review timelines and follow up to ensure complete and timely delivery, fill in relevant KYC forms – systems, and update client KYC profiles driven by material events such as change of client name, ownership or negative news etc
- Conducting event driven reviews and periodic reviews when required
- Supporting the Due Diligence Manager in presentation of clients in relevant internal committees.
Requirements
- Relevant experience in a similar role with a minimum of 1 year
- AML Certificate or Diploma with ICA/ACAMS would be an advantage
- Experience in conducting risk assessment on various corporate structures e.g., Funds, Charities, Trusts, Partnerships, Financial Institutions
- Motivated self-starter who can handle competing priorities and work effectively in a challenging, fast-paced environment
- Strong analytical and organisational skills; a proactive and fast learner
- Strong writing skills, capability to document relevant information in a clear, structured and comprehensive way
- Excellent communication skills and the ability to build and maintain relationships with colleagues and clients at all levels of seniority
- Team player with strong work ethics
- Resilience and commitment, ability to plan, prioritise and work under pressure
- Accuracy, diligence and the ability to deliver high quality results within tight deadlines
- Command of MS Office applications and general computer proficiency.
Diversity & Inclusion
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.
Additional Information
- We work on a hybrid basis from our office in central London.
- You must be eligible to work in the UK to be considered for this position.
- Full background check will be carried out.
Seniority level
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Seniority level
Entry level
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance and Sales
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Compliance Associate employer: IFX Payments
Contact Detail:
IFX Payments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Associate
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards relevant to the financial sector, especially those related to KYC and AML. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the compliance field, particularly those who work at IFX Payments or similar companies. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experiences where you successfully handled compliance issues or conducted due diligence. This will showcase your analytical skills and ability to work under pressure.
✨Tip Number 4
Stay updated on current events and trends in the financial industry, particularly those that may impact compliance practices. Being knowledgeable about recent developments can set you apart as a candidate who is proactive and informed.
We think you need these skills to ace Compliance Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance, particularly any roles involving KYC and AML. Use specific examples to demonstrate your skills in conducting due diligence and risk assessments.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Compliance Associate role at IFX Payments. Mention how your background aligns with their mission and values, and provide examples of how you've successfully navigated compliance challenges in the past.
Highlight Relevant Qualifications: If you have an AML Certificate or Diploma with ICA/ACAMS, be sure to mention this prominently in your application. This qualification is advantageous for the role and can set you apart from other candidates.
Showcase Your Analytical Skills: Since the role requires strong analytical skills, include examples in your application that demonstrate your ability to assess risks and make informed decisions. Highlight any experience you have with PEP, sanctions, and adverse media checks.
How to prepare for a job interview at IFX Payments
✨Understand KYC and AML Regulations
Familiarise yourself with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, as these are crucial for the Compliance Associate role. Be prepared to discuss how you have applied these principles in previous roles or how you would approach them in this position.
✨Showcase Analytical Skills
Highlight your analytical skills during the interview. Provide examples of how you've conducted risk assessments or due diligence reviews in the past. This will demonstrate your ability to handle the responsibilities of the role effectively.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in compliance situations. Practice articulating your thought process and decision-making steps when faced with potential compliance issues.
✨Emphasise Teamwork and Communication
Since the role involves working closely with various teams, emphasise your teamwork and communication skills. Share experiences where you successfully collaborated with colleagues or clients to achieve compliance objectives.
