At a Glance
- Tasks: Join our AML team to assess and review new account applications.
- Company: Innovative FinTech leader with a culture of integrity and global impact.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Be part of an award-winning company with excellent training opportunities.
- Why this job: Shape the future of online trading while ensuring compliance and security.
- Qualifications: 2+ years in account processing, strong decision-making, and communication skills.
The predicted salary is between 35000 - 45000 £ per year.
Fancy helping to shape the future of FinTech? We have always been innovators. In 1996 we were the first company to share exchange rate information, free of charge on the internet. Today, we are a world leading online trading group.
Join us to:
- Help build the future of online trading
- Be part of a culture driven by integrity and global impact
- Become part of an award-winning company
We are only as good as our people. Luckily, our people are the best. Join us!
How do we work? The AML team is responsible for the onboarding AML associated decisions across Europe and BVI Divisions, thereby ensuring that the onboarding of new clients is in adherence with relevant local regulations and legal requirements, in support of continued OANDA growth.
In this role, you will:
- Onboarding AML associated decisions and risk assessment, exercising both discretion and judgement, and after using initiative to conduct appropriate investigations:
- Reviewing and assessing individual new account applications.
- Reviewing and assessing corporate new account applications (including determination of ultimate beneficial owners and verification of any discrepancies with the Central Register of Actual Beneficiaries (CRBR)).
- Reviewing and assessing Professional and Experienced classification requests.
- Reviewing and assessing new Affiliates/ IBs.
- SME (subject matter expert) and point of referral/ escalation for:
- PIU updates.
- Deceased clients.
- Closing accounts.
- Joint accounts.
- Power of Attorney.
- Application anomalies.
- MiFID II data mis-matches.
- Adherence to local regulations (e.g FCA and MFSA) and relevant AML laws, via adherence to procedures.
- Maintain an appropriate audit trail and documentation in all instances, to evidence/support the review and assessment of each onboarded applicant/ query.
- Local point of escalation for all referrals/ suspicions, and when necessary following investigations and use of initiative referral to the Team Manager for further review and investigation.
- Operate effectively and efficiently in order to ensure that personal variable volume lead quantitative targets are met, as well as qualitative expectations.
- Identify areas for development, in terms of: operational process, systems and individual training needs.
- Other duties as required.
What skillset do you need to be successful in this role?
- Minimum 2 years experience of processing new account applications, both individuals and corporates.
- Ability to work independently and multi-task with minimal supervision.
- Excellent decision making, time management and organisational skills.
- Strong written and verbal communication skills in English, and solution focused.
- Extensive knowledge and experience of UK, EU regulations and AML obligations.
- AML focussed, with firm grasp of the purpose of the underlying regulatory and legal requirements.
- Enquiring mind.
- AML risk recognition, problem solving with maximum attention to detail.
- Perform well under pressure.
- Client focussed/ centric approach.
AML Associate employer: OANDA Corporation
OANDA is an exceptional employer that champions innovation and integrity in the FinTech space, offering a dynamic work culture where employees are empowered to shape the future of online trading. With a commitment to diversity and inclusion, OANDA provides ample opportunities for professional growth and development, ensuring that every team member can thrive in their role while contributing to the company's global impact. Join us in a collaborative environment that values your unique skills and experiences, and be part of an award-winning team dedicated to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land AML Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like OANDA Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AML Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to OANDA Corporation.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on OANDA Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at OANDA Corporation
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with OANDA Corporation.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at OANDA Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former OANDA Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
