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- Tasks: Join our team to ensure compliance with financial crime regulations and perform quality assurance on client files.
- Company: Insignis Cash is a dynamic, FCA-regulated FinTech company focused on innovation and growth.
- Benefits: Enjoy competitive pay, 25 days holiday, flexible work options, and health perks.
- Why this job: Be part of a small team where your ideas matter and you can grow your career in compliance.
- Qualifications: Degree-level education required; relevant compliance qualifications and financial services experience preferred.
- Other info: This is a full-time, hybrid role with 3 days in the office and 2 days remote.
The predicted salary is between 36000 - 60000 £ per year.
Insignis Cash is a fast-growing, FCA-regulated FinTech company looking for a talented and enthusiastic individual to join their busy team.
Reporting to the MLRO, you will be responsible for the performance of Quality Assurance (QA) in respect of client files, supporting the embedment of robust controls around Anti-Money Laundering (AML), Terrorist Financing, Proliferation Financing, Fraud, Sanctions, and Anti-Bribery and Corruption and further development of the firm’s transaction monitoring capability.
As a member of a small team, you will have the opportunity to gain exposure to all areas of the Risk & Compliance function and will be able to develop your role and career as the business evolves. If you are a detail-oriented self-starter this is your opportunity to join a dynamic team where your ideas will be welcomed and valued. This is a full-time permanent position.
Key Responsibilities
- Provide advice and guidance to the first line of defence with respect to Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) related matters.
- Perform QA reviews of all high-risk client files and EDD cases plus a sample of other client files in line with agreed internal methodology.
- Prepare regular QA report detailing both relevant findings and a plan to address remedial actions.
- Work with stakeholders to drive remedial actions to delivery, partnering as required to provide expertise to support the design of effective solutions.
- Support the MLRO in developing transaction monitoring capability in the second line of defence.
- Contribute to annual financial crime risk assessments to ensure control framework remains effective.
- Assist in preparation of the annual MLRO Report.
- Prepare relevant management information for the Financial Crime Committee and on an ad-hoc basis as required.
- Escalate issues where serious concerns are identified in an effective manner to ensure early notification and prompt action can be taken by senior management.
- Assist with the writing, design, implementation and maintenance of Insignis Cash’s financial crime policies and procedures.
- Participate in the planning, preparation, delivery and administration of financial crime related training on policies, procedures and other ad-hoc financial crime compliance topics where required.
- Provide prompt and accurate responses to financial crime queries directed to the Compliance in-box.
- Promote a safe, compliant and positive working culture that balances risk and reward through proactively sharing knowledge and expertise.
The successful candidate for this role will:
- Have strong analytical skills and demonstrate meticulous attention to detail.
- Be highly organised and able to multi-task.
- Possess a strong work ethic and sound judgement.
- Be a self-starter able to use their own initiative to proactively drive change.
- Have excellent communication skills – both oral and written.
- Be a team player who can work autonomously when required.
The following is required for the role:
- Education to degree-level; a relevant Compliance qualification would be an advantage (e.g. ICA Certification in Financial Crime or AML/CTF specific certification from ICA, CISI, CAMS).
- Experience of working in the financial services sector with a demonstrable understanding of industry best practice and regulatory frameworks; knowledge of retail banking, payments or FinTech would be preferable.
- Demonstrable Financial Crime expertise in respect of AML, Terrorist Financing, Sanctions, Bribery and Corruption, Tax Evasion and Customer Due Diligence.
- Experience in implementing Financial Crime regulatory requirements and guidance.
- Ability to conduct a gap analysis against applicable regulation efficiently and effectively and to identify key risks.
- Experience of synthesising large amounts of data to distil key messages for presentation to a variety of audiences.
- Knowledge of the FCA Handbook, specifically the Financial Crime Guide, and JMLSG Guidance.
Benefits
- Competitive compensation.
- 25 days holiday (exc. Bank holidays).
- Flexible working opportunities.
- Private medical insurance.
- Employee health and wellness discounts.
- Cycle to Work Scheme.
- Quarterly team lunches.
Working Pattern
Hybrid working pattern, 3 days in the London office, 2 days remote.
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Financial Crime Compliance Associate employer: Insigniscash
Contact Detail:
Insigniscash Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Crime Compliance Associate
✨Tip Number 1
Familiarize yourself with the FCA Handbook and the Financial Crime Guide. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and financial crime prevention.
✨Tip Number 2
Network with professionals in the financial services sector, especially those with experience in AML and compliance. Engaging with industry experts can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and developments in financial crime compliance. Being knowledgeable about current issues will allow you to contribute meaningfully during discussions and showcase your proactive approach.
✨Tip Number 4
Prepare to discuss specific examples of how you've handled compliance challenges in the past. Highlighting your analytical skills and attention to detail through real-life scenarios will make a strong impression during the interview process.
We think you need these skills to ace Financial Crime Compliance Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial crime compliance, particularly in areas like AML, CDD, and EDD. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities listed in the job description, especially your ability to drive change and work autonomously.
Highlight Relevant Qualifications: If you have any compliance qualifications, such as ICA Certification in Financial Crime or AML/CTF certifications, make sure to mention them prominently. This will show that you are serious about your professional development in this field.
Showcase Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex information in previous positions, whether in writing or verbally.
How to prepare for a job interview at Insigniscash
✨Showcase Your Analytical Skills
As a Financial Crime Compliance Associate, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in relation to AML and CDD.
✨Demonstrate Attention to Detail
Meticulous attention to detail is key in this role. During the interview, highlight instances where your attention to detail made a significant impact on a project or task, particularly in compliance or risk management.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in financial crime compliance. Practice articulating your thought process and the steps you would take to address potential compliance issues.
✨Familiarize Yourself with Relevant Regulations
Knowledge of the FCA Handbook and financial crime regulations is essential. Brush up on these topics before the interview and be ready to discuss how they apply to the role and your previous experiences.
