At a Glance
- Tasks: Join our team to combat financial crime and ensure compliance with AML and KYC regulations.
- Company: Monex, a global leader in financial solutions with a dynamic work culture.
- Benefits: Competitive salary, career development opportunities, and a supportive team environment.
- Other info: Exciting growth opportunities in a fast-paced, collaborative environment.
- Why this job: Make a real difference in the fight against financial crime while growing your career.
- Qualifications: Interest in financial crime compliance and 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. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs, whether for goods, services, or direct investments.
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. To perform Enhanced AML/Due diligence checks on all clients received from the 1LoD (Customer Success Team), following the Policy to identify and mitigate high risk factors. To collect, analyse and summarize information and to prepare informative reports.
The Junior Financial Crime Compliance Analyst must on-board high risk rated clients whilst adhering to the internal policies and procedures set out by Monex (MEL, MEM) whilst identifying any potential risks to the business by following the escalation process stated in these policies. Your role is a Code of Conduct (COCON) role. You are required to act in accordance with the ‘Monex Code of Conduct’ as detailed in your contract of employment, the Employee Handbook and its related policies.
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 (where applicable) and encourage an understanding of client risk.
- Analyse complex ownership structures and investigate all positive alerts including PEP, sanctions and adverse media following the escalation process if a positive match is identified.
- 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.
- Responsible for PEP Classification and escalation for sign off.
- Produce detailed reports with recommendations based on these findings.
- Contribute to the continuing development, preparation and maintenance of the financial crime policies and procedures (including training materials), where necessary.
- Respond to financial crime compliance questions and requests from other departments.
- Support the Financial Crime Monitoring team with On Going Due Diligence (ODD) requirements.
- Establish good working relationships with Customer Success Team and front office and all other departments so that Compliance is seen as an effective second line of defence providing a professional internal guidance and advisory service.
- Assisting AML training to support staff and new joiners.
- Ensure CPD/personal development is maintained.
- Assist with the overall Compliance strategies for London whilst completing day-to-day operations.
- Helping to advise and assist Senior management and the Front office on global risk appetite and current, country specific regulations and guidelines.
- Broad understanding of Financial crime regulations across all relevant jurisdictions.
- Responsibility to adhere to policies and procedures set out in line with relevant regulation across each jurisdiction.
- Assisting in the continuous review and improvement of Monitoring Policies & Procedures, to continue to be compliant with regulatory changes and best practice.
- Ensuring risk based procedures are in place for the review and escalation of due diligence /KYC documentation and information on all clients.
- To assist in the identification and investigation of suspicious activity/transaction reports and report accordingly to the MLRO, or deputy MLRO.
- To assist in the review and improvement of monitoring systems and controls.
- Responsible for assisting with the sourcing and maintaining all Compliance/Monitoring systems.
- Assist in the development of internal systems to allow for effective execution of daily tasks within the monitoring team.
- Previous experience of working within a similar regulated industry.
- Financial crime exposure to global AML and FC.
- Previous experience in complex AML/FC projects.
- 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.
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
Junior Financial Crime Analyst in London employer: Monex
Monex is an exceptional employer that fosters a dynamic and inclusive work culture, where employees are encouraged to grow and develop their skills in the fast-paced financial sector. Located in London, our team enjoys access to comprehensive training programs, competitive benefits, and the opportunity to work alongside industry experts in a supportive environment that values compliance and innovation. Join us to be part of a global leader in financial solutions, where your contributions directly impact our clients' success and the company's growth.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Financial Crime Analyst in London
✨Get Involved in Compliance Communities
Join local compliance or risk management networks and communities, like the International Compliance Association, where you can connect with professionals already in the field. These networks often have events and webinars that can help you learn and meet potential employers. Don’t be shy, ask questions and show your eagerness to learn!
✨Attend Industry Conferences
Look out for compliance and risk management conferences in your area or even virtual ones. These are great opportunities to meet industry leaders and learn about the latest trends. Plus, you never know when you’ll bump into someone from Monex who might be looking for fresh talent like you!
✨Leverage Internship Opportunities
As you’re aiming for an entry-level position, keep an eye on internship openings. Even a short internship can give you valuable exposure and connections in compliance-risk, so apply widely! We recommend checking out our website for any opportunities at Monex that might inspire you.
✨Showcase Your Knowledge
Create a blog or use social media to share your insights about compliance and risk topics. This not only enhances your visibility but also shows potential employers, like Monex, that you’re passionate and knowledgeable about the field. It could be the thing that sets you apart from other candidates!
We think you need these skills to ace Junior Financial Crime Analyst in London
Some tips for your application 🫡
Show Off Your Attention to Detail:In the compliance-risk field, it's all about catching the little things. Make sure your application materials are free from typos or inconsistencies. Your CV should reflect your ability to spot errors and present information clearly—this is a crucial skill in compliance!
Highlight Relevant Coursework or Certifications:If you’ve taken any courses related to risk assessment or compliance, be sure to mention them. Even entry-level roles appreciate a solid foundation in the principles that guide the industry. Certificates, internships, or projects related to compliance will really make you stand out!
Keep It Professional, Yet Accessible:While we’re all for being a bit informal at times, remember that compliance-risk is a serious field. Your cover letter should reflect your enthusiasm and willingness to learn while maintaining a professional tone. Don’t just say you’re keen on the job—show it with clear reasons why you want to join Monex.
Tailor Your Application to Fit the Role:When applying for an entry-level position, specifically align your skills and experiences with the job description for Junior Financial Crime Analyst at Monex. Talk about why you’re interested in compliance-risk and how your background, even if it’s academic, makes you a good fit!
How to prepare for a job interview at Monex
✨Know Your Compliance Basics
Brush up on the fundamental concepts of compliance and risk management. You might be asked to explain key regulations or compliance frameworks relevant to the role at Monex. Having a clear understanding will show your enthusiasm and preparedness for the entry-level position.
✨Get Familiar with Specific Tools
Be prepared to discuss any compliance software or tools you’ve encountered, even through coursework. Entry-level roles often use systems like SAP GRC or similar. If you can show familiarity or even a basic understanding of these tools, it’ll give you an edge in the interview.
✨Show Your Analytical Skills
Expect some scenario-based questions where you’ll have to analyse risk situations. Practice breaking down problems and articulating your thought process clearly. This is a key part of working in compliance and will demonstrate that you’re ready to tackle real-world issues at Monex.
✨Highlight Your Willingness to Learn
As this is an entry-level position, your eagerness to develop and grow is crucial. Discuss any relevant courses or projects you’ve done that show your commitment to improving your skills in compliance and risk management. Show them you’re keen to soak up knowledge and contribute at Monex!
