Compliance Specialist - London, United Kingdom - IFX Payments

IFX Payments

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Role:

As the Compliance Specialist you will support the IFX business predominantly the Onboarding team servicing mainly corporate clients.

You will work directly with the Due Diligence Manager and Sales/Client Relationship managers that are responsible for the client relationships to complete client KYC adoptions and reviews, ensuring strict adherence to IFX KYC policy and procedures & Anti-Money Laundering (AML) Compliance requirements.

This particular role will be focus on the onboarding of new clients which will involve CDD and EDD checks, including PEP, sanctions and adverse media screening, ownership structure, risk assessments, and occasional compliance audits with clients.

Responsibilities:

Undertaking AML/CDD checks and risk assessments for new onboarding corporate clients
Reviewing and carrying out PEP, Sanction and Adverse Media checks as necessary, ensuring ongoing checks are completed in a timely fashion and any false positives are recorded and escalated as required
Understanding of High Risk industries onboarding and the risk associated
Supporting the Due Diligence Manager in presentation of clients in relevant internal committees
Conducting event driven reviews and periodic review when required

Competencies & Experience:

Professional qualification in KYC, KYB or AML in desire
Relevant experience in a similar role with a minimum of 2 years' within a Financial Institution
An understanding of KYC law regulations, compliance risk as well as nonfinancial risk, and documentation aspects of KYC process for correspondent banking relationships
Experience in conducting risk assessment on various corporate structures such us Funds, Charities, Trusts, Partnerships
Motivated selfstarter who can handle competing priorities and work effectively in a challenging, fastpaced environment
Strong analytical and organisational skills; a proactive and fast learner
Strong writing skills, capability to document relevant information in a clear, structured and comprehensive way
Excellent communication skills and the ability to build and maintain relationships with colleagues and clients at all levels of seniority
Team player with strong work ethics
Resilience and commitment, ability to plan, prioritise and work under pressure
Accuracy, diligence and the ability to deliver high quality results within tight deadline