Compliance Associate
* Annual Salary: Up to £32,000
* Location: Ipswich, UK
* Job Type: Full-time, Permanent
We are currently recruiting on behalf of a client for a Compliance Associate to join their dynamic team in Ipswich. This role is crucial for ensuring that the company operates in accordance with relevant UK laws, regulations, and internal policies, with a strong focus on Anti-Money Laundering (AML) activities, including Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. This position offers an excellent opportunity for career progression within a regulated environment.
Day-to-day of the role:
1. Assist in the completion of AML activities, including screening and due diligence for existing and new corporate clients.
2. Handle the recording and investigation of Suspicious Activity Reports, and report matters externally as required.
3. Support ongoing monitoring of client transactions to detect potential suspicious activity.
4. Perform screening of borrowers against sanctions lists, adverse media, and Politically Exposed Persons (PEP) databases.
5. Prepare compliance-related management information for presentation to senior management, clients, and key stakeholders.
6. Support the review and maintenance of compliance policies, processes, and procedures.
7. Maintain and update complian...