At a Glance
- Tasks: Assist with compliance onboarding and conduct account reviews for financial institutions.
- Company: Join a leading financial institution with a focus on compliance and integrity.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Great opportunity for career growth in a fast-paced industry.
- Why this job: Make a real impact in compliance operations while building valuable skills.
- Qualifications: Understanding of AML rules and strong communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
ROLE PURPOSE: To assist with compliance onboarding duties including preliminary account checks and customer liaison related to documentation requests for FIG customers. Ensure desk account reviews and transaction monitoring alerts are completed timely as part of ongoing due diligence. Conduct correspondent banks and customer questionnaires within expected timeframe and escalate for management review timely. Additionally address any request for due diligence documents from prospective and existing customers. Handle other compliance day‑to‑day queries, screening, and monitoring.
Key Responsibilities
- Customer On‑Boarding and Customer Ongoing CDD Compliance Operation Tasks
- Run preliminary checks on prospective customers, including utilizing provided compliance tools and open‑source to identify ownership and management of customers, and to perform adverse media, PEP & sanctions in line with procedures.
- Ensure CDD documents received are in line with requirements as per procedures.
- Follow the robust processes in place to review new customer onboarding applications, ensuring all procedures are adhered to and recorded in CRM in line with procedures.
- Conduct full account reviews on prospects and existing customers as per the CDD/KYC account review procedures and in line with ongoing refresh cycle.
- Ensure legal attestations documentation are in place as per conditions of trading in line with second line approvals.
- Manage and maintain a log for outstanding attestations, promptly report and escalate to senior management missing attestations.
- Act as a liaison to respond and provide external requests for documentation including compliance questionnaires and other Moneycorp CDD documentation requested that is relevant to establishing and maintaining commercial relationships.
- Manage and follow up for outstanding documentation for prospective customers and existing FIG customers and counterparties.
- Manage daily ongoing sanctions/PEP/adverse media screening.
- Perform first line transaction monitoring alerts in propriety monitoring platform.
- Process any changes to customer profile, including changes to delivery location or standard settlement instructions, adding/removing users/signatories/directors/ownership in line with procedures.
- Ensure all appropriate escalations are made to second line FIG compliance function.
Reports and Monitoring
- Provide management with statistical information regarding CDD status and remediation projects in a clear and concise manner.
- Maintain, manage and report on account opening progress statistics.
- Monitor the exceptions log in relation to customers on‑boarded.
- Keep abreast of the prospective customer pipeline, and proactively manage workload.
- Assist with any other ad hoc duties/emails as and when required.
Skills, Qualifications and Experience relevant to the role
- Knowledge and Experience
- Understanding of global AML rules and best practices. Keeps up to date with the market.
- Skills
- Able to build effective professional relationships.
- Effective report writing at a level suitable for executive dissemination.
- Able to work under pressure.
- Highly organized.
- IT proficient.
- Clear communicator.
- Attention to detail.
Financial Institution Group (FIG) Compliance Operations Executive employer: Moneycorp
As a Financial Institution Group (FIG) Compliance Operations Executive in London, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. Our company fosters a culture of collaboration and innovation, offering comprehensive training programmes and opportunities for career advancement, all while enjoying the vibrant atmosphere of one of the world's leading financial hubs.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Institution Group (FIG) Compliance Operations Executive
✨Tip Number 1
Network like a pro! Reach out to folks in the financial compliance sector on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML rules and compliance practices. We want you to show off your expertise and how it aligns with the role!
✨Tip Number 3
Practice your responses to common interview questions, especially those related to customer onboarding and due diligence. Confidence is key, so let’s nail those answers!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive!
We think you need these skills to ace Financial Institution Group (FIG) Compliance Operations Executive
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the FIG Compliance Operations Executive role. Highlight relevant experience in compliance onboarding, customer due diligence, and any specific skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background makes you a great fit for this role. Don’t forget to mention your understanding of AML rules and best practices – we love that!
Showcase Your Attention to Detail:In compliance, attention to detail is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company there!
How to prepare for a job interview at Moneycorp
✨Know Your Compliance Stuff
Make sure you brush up on global AML rules and best practices before the interview. Being able to discuss these topics confidently will show that you're serious about the role and understand the compliance landscape.
✨Showcase Your Organisational Skills
Prepare examples of how you've managed multiple tasks or projects in the past. This role requires a high level of organisation, so demonstrating your ability to juggle responsibilities will impress the interviewers.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely. Since effective report writing is crucial for this position, being able to communicate your ideas well during the interview will highlight your suitability for the role.
✨Be Ready for Scenario Questions
Expect questions that ask how you would handle specific compliance scenarios, like dealing with missing documentation or transaction alerts. Prepare by thinking through potential challenges and how you would address them, showcasing your problem-solving skills.
