Job Description
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:
* Assist in the completion of AML activities, including screening and due diligence for existing and new corporate clients.
* Handle the recording and investigation of Suspicious Activity Reports, and report matters externally as required.
* Support ongoing monitoring of client transactions to detect potential suspicious activity.
* Perform screening of borrowers against sanctions lists, adverse media, and Politically Exposed Persons (PEP) databases.
* Prepare compliance-related management information for presentation to senior management, clients, and key stakeholders.
* Support the review and maintenance of compliance policies, processes, and procedures.
* Maintain and update compliance records, ensuring all documentation is accurate and up-to-date.
* Assist in compliance-related projects and prepare reports for internal and external audits.
* Ensure compliance with FCA regulations, AML laws, and internal policies.
* Escalate high-risk matters to senior compliance officers as necessary.
* Contribute to the continuous improvement of AML processes and procedures.
Required Skills & Qualifications:
* Knowledge of AML regulations and guidance, KYC/CDD requirements, and FCA guidance.
* Proficiency in Microsoft Office.
* A minimum of 3 years’ experience in a compliance or regulatory environment within the financial services industry.
* Ethical conduct, demonstrating high ethical standards and integrity.
* Excellent communication skills, able to tailor messages to different audiences.
* Strong problem-solving skills, with the ability to assess situations and propose practical solutions.
* Excellent organisation and time management skills, with a keen attention to detail.
* Ability to work to deadlines with competing priorities.
* Commitment to continuous learning and professional development.
Benefits:
* Competitive salary package.
* Opportunities for career advancement and professional growth.
* Supportive team environment.
To apply for the Compliance Associate position, please submit your CV and/or contact Sophie Clarke at Reed (Norwich) to learn more today!