At a Glance
- Tasks: Ensure compliance in financial operations and manage account closures and payment discrepancies.
- Company: Dynamic financial services firm with a focus on integrity and efficiency.
- Benefits: 25 days annual leave, competitive pension, health support, and career development opportunities.
- Other info: Inclusive culture with opportunities for growth and a vibrant team atmosphere.
- Why this job: Join a supportive team and make a real impact in compliance and risk management.
- Qualifications: 2 years in compliance, strong analytical skills, and attention to detail required.
The predicted salary is between 40500 - 49500 £ per year.
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. The ideal candidate will have a keen eye for detail, strong problem-solving skills, and the ability to handle sensitive information with discretion.
Key Responsibilities
- Account Closures: 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.
- Payment Returns: 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.
- Responding to RFIs (Requests for Information): Timely and accurately respond to RFIs from regulatory bodies, financial institutions, and internal stakeholders. Maintain detailed records of all correspondences and responses.
- Adding and Confirming Beneficiaries: 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.
- Dealing with SWIFT Emails and Recalls: Manage communications related to SWIFT transactions, including the handling of recalls and related inquiries. Ensure swift and accurate responses to all SWIFT-related communications.
- Risk Assessment and Mitigation: Participate in the assessment of operational risks and the development of mitigation strategies. Implement and monitor controls to prevent financial fraud and compliance breaches.
- Reporting and Documentation: Prepare regular reports on compliance activities and incidents. Ensure all operations are documented in accordance with internal policies and regulatory standards.
Skills, Knowledge and Expertise
- Experience: Minimum of 2 years in a compliance or operational role within the financial services industry.
- Knowledge of Regulatory Standards: Familiarity with AML, KYC, and other relevant financial regulations.
- Analytical Skills: Ability to analyze complex information and identify compliance risks.
- Communication Skills: Excellent written and verbal communication skills, with the ability to interact effectively with various stakeholders.
- Attention to Detail: Meticulous attention to detail and accuracy in all aspects of work.
- Problem-Solving: Strong problem-solving skills and the ability to handle challenging situations.
- Technology Proficiency: Proficiency in compliance software and MS Office Suite.
Benefits
We believe great people do their best work when they feel supported, rewarded, and empowered to grow. That’s why we offer a benefits package designed to support your career, wellbeing, finances, and life outside of work.
- Time to Recharge: 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.
- Financial Wellbeing: 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.
- Health & Wellbeing: Life Insurance; healthcare platform including cashback on dental, optical & physio; virtual GP access; mental health and stress support helplines; additional wellbeing resources.
- Family & Lifestyle Support: Enhanced parental leave; cycle to work scheme; flexible benefits that support everyday life.
- Growth & Career Development: Career development and progression tools; opportunities to grow within a fast-scaling international business.
- A Great Team Culture: From sporting events and pub nights to seasonal celebrations and socials, we make time to connect and celebrate together.
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.
What’s next? We will review your application and come back to you as soon as possible. You must be eligible to work in the UK to be considered for this position. Full background checks will be carried out on all successful candidates.
Compliance Associate in London employer: IFX Payments
As a mid-level Salesforce Engineer, you'll thrive in a dynamic environment where your contributions directly shape the future of our Salesforce platform. With a strong emphasis on employee growth, we offer a comprehensive benefits package that includes generous annual leave, financial wellbeing support, and career development opportunities, all within a vibrant team culture that celebrates diversity and inclusion. Join us in this greenfield project and enjoy the unique advantage of working with a modern codebase while making a tangible impact on our operations.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Associate in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like IFX Payments looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Associate in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at IFX Payments. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at IFX Payments
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with IFX Payments’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
