***PLEASE APPLY VIA INDEED. PLEASE DO NOT CALL OR EMAIL TO ENQUIRE***
About API Compliance
Formed in 2014, we are a small boutique regulatory consultancy based in the UK and providing support to FCA regulated Payment and E-Money Institutions.
We work with a range of different firms, including:
1. Small Payment Institutions
2. Small Electronic Money Institutions
3. Authorised Payment Institutions
4. Authorised Electronic Money Institutions
Our client base has expanded rapidly, and we are now looking to develop our team to include an additional consultant.
Overview
Our team is expanding, and we are seeking a meticulous, motivated, and detail-oriented Compliance Consultant to be a part of our diverse and multi-cultural team.
The successful candidate will play a crucial role in ensuring delivery of premium regulatory and AML compliance consultancy services to our clients in the payments and e-money sector. If you have 1-3 years of experience working in compliance roles within payment service firms, have a professional level of English, an excellent analytical mind, and a passion for risk management, we encourage you to apply.
We are seeking a full-time Junior Consultant specialising in financial crime prevention compliance, reporting directly to a Compliance Consultant. The role involves supporting project work, assisting with financial crime prevention, and audit assignments for our clients. This varied role is driven by client needs and includes providing internal support and development in relevant areas.
Person specification
1. Knowledge
Essential:
o Good understanding of MLRs 2017/2020.
o Industry awareness in the Payments and E-money space.
Desirable:
o Basic Knowledge of PSR 2017 (PSD2) and FCA Approach Document.
o Experience in dealing with clients and/or client projects directly.
2. Experience
Essential:
o Minimum of 1-3 years’ experience in regulatory, or financial crime compliance or similar, preferably in AML/Compliance/Audit teams.
o Experience of taking part in projects in small teams of specialists.
Desirable:
o Practical, hands-on use of common industry systems, e.g. for ID verification.
o Previous experience as Onboarding analyst / Compliance analyst.
3. Skills
Essential:
o The ability to work independently in a client facing role.
o Excellent time management skills.
o Clear verbal and written communication.
o Be free and open to ask questions, share suggestions for improvement, give feedback (where requested) and highlight any observations or red flags throughout.
o Ability to find solutions to questions and problems when they arise, using initiative to find answers.
o Meticulous and methodical.
o General IT literacy. We have several systems we use on a daily basis as well as MS Office.
Desirable:
o Additional languages.
4. Education
Essential:
o Undergraduate degree in a relevant field.
Desirable:
o Industry qualification, e.g. ACAMS, ICA, etc.
5. Notice Period
Essential:
o We are looking for someone to join our team as soon as September.
Responsibilities
1. Client Projects
Financial crime:
o Assist your manager in drafting policies, procedures, risk assessments.
o Preparing AML training materials and assessments with your manager’s guidance.
o Conducting regulatory research and summarising data (upon request).
o Pay attention to detail and accuracy during the review process.
o Raising questions where you are unsure of the answer.
o Be accountable for the work carried out.
o Preparation of an AML knowledge base, guides and process-flow charts as part of the training and probation period.
2. Audit
o Organising audit schedules for senior consultants.
o Collect initial information, policies, procedures, and audit related documents from clients.
o Organising documents for audit review for senior consultants.
3. Adhoc requests and work
o Learn to manage timesheets effectively and efficiently.
o Chasing clients for responses, information, and documents on projects.
o Managing AML templates, version control, periodic review cycle, and sign-off requests.
o Updating team on upcoming AML, Payments, or E-money related events in the industries.
o Collaborate with team members on adhoc project work requests.
o Be diligent and proficient in detailed note-keeping, data management, record-keeping, and maintaining audit trails.
o Seek feedback from clients to improve service quality.
o Supporting your manager with sales communications.
4. Internal
Subject matter expertise:
o Develop and maintain expertise in the following areas:
o Money Laundering Regulations.
o FCA Financial Crime Guidance.
o JMLSG.
5. Company Templates
o Assisting in the maintenance of internal templates across a range of areas including financial crime, fraud prevention, risk management, etc.
6. Reporting lines
o You will report directly to the compliance consultant you will be working with.
Training & progression
1. Training
o You will be expected to keep your knowledge up to date. We will provide opportunities for both external and internal training, including industry qualifications where appropriate.
2. Progression
o This role will help you become a subject-matter expert in Financial Crime Prevention topics, eventually giving you the opportunity to lead projects, teams, and mentor junior consultants. You can also choose to become an AML trainer as part of your long-term plan.
Terms
1. Start date & duration
o The position starts as soon as September and is permanent, full-time. A 6-month probationary period applies.
2. Hours of work
o Normal hours of work will be Monday to Friday, 9am to 5.30pm.
3. Location of work
o Work will be undertaken from our office location in Cambridge.
o You will work closely with the senior compliance consultants (specialising in financial crime prevention) in the Cambridge office 4-days a week and 1-day per week from our City of London office.
o Where projects require it, you may need to travel to a client’s office or other trading location. This is generally in and around London.
4. Holiday
o Holiday allowance will be 23 days per year plus bank holidays.
5. Pension
o Pension contributions will be made at the statutory minimum.
Application process
Documents Required
Interested candidates should submit their CV and a cover letter highlighting their relevant experience and qualifications. We look forward to welcoming a dedicated and proactive team member to our organisation.
**Please answer the questions (they are not optional) when you apply for this position ***
Job Types: Full-time, Permanent
Pay: £35,000.00-£45,000.00 per year
Benefits:
* Company events
* Company pension
Schedule:
* Monday to Friday
Ability to commute/relocate:
* Cambridge, Cambridgeshire: reliably commute or plan to relocate before starting work (preferred)
Application question(s):
* What motivated you to pursue a career in compliance? (This is not an optional question, please tell us about your thoughts)
* How do you stay up to date with regulatory changes and industry trends? (This is not an optional question, please tell us about your thoughts)
* Tell us about a time when you had to communicate complex compliance concepts to non-experts. (This is not an optional question, please tell us about your thoughts)
* How do you handle pressure or tight deadlines in a compliance role? (This is not an optional question, please tell us about your thoughts)
* What interests you most about working with our consultancy service? (This is not an optional question, please tell us about your thoughts)
* Are you willing to work in the Cambridge office 4-days a week and 1-day per week from our City of London office? (This is not an optional question, please tell us about your thoughts)
Education:
* Bachelor's (required)
Experience:
* Regulatory, or financial crime compliance or similar: 1 year (required)
Work authorisation:
* United Kingdom (required)
Work Location: In person
Application deadline: 30/11/2024
Expected start date: 01/02/2025
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