At a Glance
- Tasks: Conduct AML and KYC checks, analyse client risks, and prepare detailed reports.
- Company: Join Monex, a leading global financial solutions provider with a collaborative culture.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Other info: Be part of a team that values communication and continuous improvement in compliance practices.
- Why this job: Make a real impact in financial crime compliance while developing your skills in a dynamic environment.
- Qualifications: Experience in financial crime or compliance is a plus; strong analytical skills required.
The predicted salary is between 30000 - 40000 £ per year.
Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations. We specialize in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence.
The Compliance Department is responsible for ensuring the firm operates in compliance with its regulatory obligations and has systems and controls for the prevention of Financial Crime. The department is split into three functions: Regulatory Compliance, Financial Crime team, and Senior Legal Advisor.
The Junior Financial Crime Compliance Analyst is responsible for carrying out the Financial Crime Compliance, AML and KYC requirements within Policies & Procedures - in relation to Customer Onboarding. They must stay up-to-date on AML regulations, resolve concerns and other issues that may arise, and obtain approvals from senior members of the team, where necessary.
Key Responsibilities & Accountabilities:
- Responsible for assessing and onboarding High Risk rated clients to Monex Europe Markets and Monex Europe Limited.
- Support the Onboarding Manager and DMLRO/MLRO in all areas of Financial Crime and Fraud.
- Work closely and liaise with Customer Success Team and front office staff to encourage an understanding of client risk.
- Analyse complex ownership structures and investigate all positive alerts including PEP, sanctions and adverse media.
- Identify potential conflicts issues and escalate them to line manager.
- Carry out research on the source of wealth and funds of new High Risk Rated clients.
- Produce detailed reports with recommendations based on findings.
- Contribute to the development, preparation and maintenance of financial crime policies and procedures.
- Respond to financial crime compliance questions and requests from other departments.
- Assist with the overall Compliance strategies for London whilst completing day-to-day operations.
- Encourage good forms of communication with Customer Success Team and front office to promote the Compliance department as an effective second line of defence.
- Complete online training on an annual basis and assist AML training to support staff and new joiners.
- Assist in the identification and investigation of suspicious activity/transaction reports.
- Responsible for assisting with the sourcing and maintaining all Compliance/Monitoring systems.
Business Knowledge / Technical Skills:
- Previous experience of working within a similar regulated industry.
- Financial crime exposure to global AML and FC.
- Demonstrated experience working on AML/FC issues across jurisdictions and multiple legal entities.
- Experience in transactional monitoring, payment authorisations, periodic reviews and analysis of trading patterns and data.
Junior Financial Crime Analyst employer: Monex Group
Monex is an exceptional employer, offering a dynamic work environment in London that fosters professional growth and development within the financial services sector. With a strong commitment to compliance and financial crime prevention, employees benefit from comprehensive training programs and the opportunity to work alongside industry experts, ensuring they stay at the forefront of regulatory changes. The collaborative culture encourages open communication and teamwork, making it an ideal place for those seeking meaningful and rewarding careers in financial compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Financial Crime Analyst
✨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 Monex Group looking for candidates who are engaged and informed.
We think you need these skills to ace Junior Financial Crime Analyst
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 Monex Group. 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 Monex Group
✨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 Monex Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
