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For Companies At a Glance
- Tasks: Manage onboarding and compliance processes for FX and payments, ensuring efficiency and adherence to regulations.
- Company: Established financial services organisation in West London with a focus on growth.
- Benefits: Competitive salary, bonus, hybrid work model, and comprehensive benefits package.
- Other info: Opportunity for career advancement in a supportive and innovative environment.
- Why this job: Join a dynamic team and make a real impact in the fast-paced world of finance.
- Qualifications: Experience in AML/KYC compliance and strong communication skills required.
The predicted salary is between 40000 - 50000 ÂŁ per year.
Onboarding & Compliance Executive – FX & Payments
West London (hybrid, office based + work from home flexibility)
ÂŁ40-50k basic + bonus & benefits
Our client is a well-established payments, FX and financial services organisation based in West London. They are currently scaling the business up, and are now seeking to hire an experienced and motivated individual to work within their compliance & onboarding area within the business.
Responsibilities
- Manage the onboarding pipeline on a daily basis keeping key stakeholders up-to-date on the status of the onboarding.
- Ensure the onboarding process is efficient, rigorous and respects our “time to onboard” KPIs.
- Assist the business in ensuring all necessary AML documentation is gathered.
- Assist in the improvement of the AML/KYC onboarding policy for new clients.
- Assist in the improvement of the onboarding pack including onboarding forms and required documentation list.
- Provide advice to the business on the AML/KYC to be obtained, as and when required.
- Assist in the improvement of the current monitoring tool of the operations and payments.
- Responsible for ensuring client AML records are fully up to date through periodic AML review.
- Keep the client CRM up to date, suggesting improvements and modifications.
- Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance.
- Manage a regular monitoring and reporting process to inform Head of Compliance, as necessary and required.
- Ensure to report all activity and transactions that are identified as potentially suspicious following with the established procedures.
- Develop and manage a regular monitoring and reporting process to inform the Head of Compliance, as necessary and required.
- Assist in the AML audits.
- Identify and anticipate bottlenecks in terms of cases manageable on a daily basis.
About you
- Experience of anti-money laundering and client due diligence in the finance industry, MSB or Payment industry.
- Knowledge and experience of dealing with KYC/AML for a wide range of client types, including corporates, financial entities, partnerships, offshore Trusts/Funds and Private client.
- Experience of establishing Source of Income & Source of Wealth of Higher Risk entities.
- Experience of using software such as Worldcheck for PEP and Sanctions screening.
- Knowledge and experience of complex AML scenarios, including AML requirements for clients based in higher risk territories.
- Experience in ongoing monitoring of clients.
- Willingness to maintain up-to-date knowledge of the rules, regulations and guidance in respect of all aspects of AML.
- Excellent communication and written skills.
- Empathy with the business, being able to understand what clients do and how they operate.
- Good inter-personal skills, with a determined and proactive approach.
- Fluent English.
- Excellent at planning and organizing their own tasks and the ones from the team. The candidate must be able to manage a high volume of requests, understanding how best to prioritize one’s workload, keeping track of all outstanding cases.
- Attention to detail and being able to analyse multiple document types and identify key pieces of information.
Compliance Executive - FX & Payments in London employer: Payments Recruitment
Contact Detail:
Payments Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Executive - FX & Payments in London
✨Tip Number 1
Network like a pro! Reach out to people in the compliance and financial services sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your AML and KYC knowledge. Be ready to discuss real-life scenarios and how you've tackled compliance challenges in the past. Show them you’re not just book-smart but also street-smart!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your chat to show you were engaged and interested.
✨Tip Number 4
Apply through our website for the best chance at landing that Compliance Executive role. We love seeing applications directly from motivated candidates who are keen to join our team!
We think you need these skills to ace Compliance Executive - FX & Payments in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Executive role. Highlight your experience in AML and KYC, and don’t forget to mention any relevant software you’ve used, like Worldcheck. We want to see how your skills match what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about compliance in the FX and payments sector. Share specific examples of how you’ve improved onboarding processes or managed AML documentation in the past. Let us know why you’d be a great fit!
Showcase Your Communication Skills: Since this role involves keeping stakeholders updated and providing advice, make sure your written application reflects your excellent communication skills. Use clear and concise language, and don’t shy away from showing a bit of personality – we love that!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly. Plus, it’s super easy – just follow the prompts and you’ll be on your way to joining our team!
How to prepare for a job interview at Payments Recruitment
✨Know Your AML Inside Out
Make sure you brush up on your anti-money laundering (AML) knowledge before the interview. Be prepared to discuss specific scenarios you've encountered in your previous roles, especially those involving KYC and client due diligence. This will show that you’re not just familiar with the terms but can apply them in real-world situations.
✨Showcase Your Organisational Skills
Since the role involves managing a high volume of requests, be ready to demonstrate how you prioritise tasks and keep track of outstanding cases. You could share examples of tools or methods you use to stay organised, which will highlight your ability to handle the workload effectively.
✨Communicate Clearly and Confidently
Excellent communication skills are crucial for this position. Practice articulating your thoughts clearly and concisely. During the interview, make sure to listen actively and respond thoughtfully to questions, as this will reflect your interpersonal skills and empathy towards clients.
✨Be Ready to Discuss Improvements
The job involves improving onboarding processes and compliance policies. Think about any past experiences where you identified bottlenecks or inefficiencies and how you addressed them. Being able to discuss these improvements will show your proactive approach and problem-solving skills, which are key for this role.