At a Glance
- Tasks: Support AML, KYC, and transaction monitoring to combat financial crime.
- Company: Join Token.io, a forward-thinking fintech company embracing diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment that values diverse perspectives and backgrounds.
- Why this job: Make a real difference in compliance while developing valuable skills.
- Qualifications: Experience in compliance/AML and strong communication skills required.
The predicted salary is between 30000 - 40000 £ per year.
Purpose of the Role
The Junior Compliance Analyst plays a key role in safeguarding the business against financial crime by supporting the firm's Anti-Money Laundering (AML), Know Your Customer (KYC), and transaction monitoring activities. The role contributes to customer onboarding, ongoing due diligence, and transaction surveillance helping to ensure compliance with regulatory requirements, internal policies and established procedures. This role reports to the Group Head of Risk & Compliance.
What you’ll do day to day
- Anti-Money Laundering (AML) and Customer Onboarding: Reviewing AML documentation in line with the firm's policies and completing risk assessments on new and re-opened clients and matters; conducting independent research in relation to AML checks; carrying out due diligence of customers, using a wide range of databases and carrying out searches for name screening against PEP and sanctions lists; conducting ongoing monitoring of clients and enhanced client due diligence checks for higher risk clients; assisting in any way to ensure that delays in completing the due diligence process do not lead to delay in customer onboarding; keeping up to date with all changes to the AML regulations and supporting all audit requirements.
- Ongoing monitoring of clients: Conduct periodic reviews, retain appropriate records, and provide written reports of findings and ensure that arising actions are tracked to completion.
- Transaction monitoring: Investigate alerts to identify suspicious or unusual activity; identify unusual or potentially suspicious patterns and elevate where appropriate.
- Cross-Functional Support: Maintain close relationships with internal stakeholders to ensure clear communication and timely resolution of tasks.
Who you are
- At least 1 year of direct compliance/AML experience within a payments, e-money, or fintech environment with exposure to compliance monitoring, AML/KYC processes, internal controls, regulatory research, and audit support is desirable.
- Excellent communication skills in English, both written and verbal.
- A confident and proactive self-starter, who is a motivated team player.
- Exceptional interpersonal skills, demonstrating professionalism and discretion in all dealings.
- Working knowledge of GSuite and Microsoft Office.
Required Experience
- AML/KYC Customer Onboarding (independently reviewing CDD/EDD documentation packs, completing risk assessments on new clients, and making risk-based decisions on onboarding files).
- PEP & Sanctions Screening (practical use of screening tools including resolution of true/false positive matches).
- Transaction Monitoring (investigating system-generated alerts, identifying suspicious or unusual patterns, and documenting findings for escalation).
- Periodic/Trigger Reviews (conducting ongoing monitoring reviews of existing clients, retaining appropriate records, and producing written reports of findings).
Education and Qualifications
The ideal candidate will have some level of professional certifications, such as ICA or CAMS, but this is not essential.
Open to all Token.io is building an open future for everyone. We don’t just accept different points of view, lived experiences and new ways of thinking — we search them out. They help us make better products, better decisions, and a better place for everyone to work. So, come as you are. We acknowledge and embrace different backgrounds, identities and abilities. Respect is our default, and empathy is our baseline. No one succeeds until we all do.
Junior Compliance Analyst employer: Token.io
At Token.io, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. As a Junior Compliance Analyst, you will benefit from ongoing professional development opportunities while contributing to vital compliance efforts in a dynamic fintech environment. Our commitment to diversity and respect ensures that every employee feels valued and empowered to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Compliance Analyst
✨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 Token.io 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 Token.io 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 Token.io, 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 Compliance Analyst
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 Token.io.
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 Compliance Analyst at Token.io. 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 Token.io
✨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 Token.io. 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 Token.io.
✨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 Token.io!
