Compliance Associate

About IFX Payments

We're an award-winning global provider of foreign exchange and payment solutions. At IFX, our mission is to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions that add value beyond the transaction. We have one guiding principle: to Win. Properly.

What we offer

Everyone at IFX Payments has a meaningful and impactful role to play in helping us achieve that goal. We take pride in the quality of our work but balance that with the speed, intent, tenacity, and focus needed to win. We're a high-performance team who can trust each other as individuals to get the job done so we can be successful together.

Being part of IFX Payments, you'll receive every opportunity to thrive in your role to contribute to that success. We'll invest in you along the way to genuinely help you grow and take your career to new and exciting places. You'll work alongside experienced industry leaders, receive guidance from pioneering performance coaches and have the option to gain qualifications in your field that help you realise your ambitions. In exchange, we don't expect anything extra from you during your time here. We only ask you to do one thing: Make it count.

Benefits

• 25 days of annual leave + bank holidays and your birthday off. 
• Pension auto-enrolment with salary sacrifice contributions.
• Healthcare cash plan including support for dental, physio and therapies. 
• Discounts on fitness, cinema discounts, shopping, travel, entertainment and more!
• Life Insurance.
• Cycle to work.
• Nursery fees salary exchange.
• Employee Assistant Programme
• Career progression with excellent training and development.
• Company events – Pub nights, sporting events, seasonal parties, socials

What's the role?

Job Title: Compliance Associate

Team: Compliance

Location: London 

Overview of the role

As the Compliance associate you will support the IFX business predominantly the Compliance team servicing 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/EDD checks, including PEP, sanctions and adverse media screening, ownership structure and risk assessments.

The role requires to work 3 days a week from London office and 2 days remotely.

Responsibilities 

• Conduct in-depth due diligence reviews for corporate high-risk clients, in line with regulatory and internal compliance standards.
• 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.
• Request submission of documents from clients according to periodic review timelines and follow up to ensure complete and timely delivery, fill in relevant KYC forms – systems, and update client KYC profiles driven by material events such as change of client name, ownership or negative news etc
• Conducting event driven reviews and periodic reviews when required
• Supporting the Due Diligence Manager in presentation of clients in relevant internal committees.

Requirements

• Relevant experience in a similar role with a minimum of 1 year
• AML Certificate or Diploma with ICA/ACAMS would be an advantage
• Experience in conducting risk assessment on various corporate structures e.g., Funds, Charities, Trusts, Partnerships, Financial Institutions
• Motivated self-starter who can handle competing priorities and work effectively in a challenging, fast-paced 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 deadlines
• Command of MS Office applications and general computer proficiency.

Diversity & Inclusion

We believe that diversity and inclusion are essential to our success. We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences. By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.  

Additional Information

- We work on a hybrid basis from our office in central London. 
- You must be eligible to work in the UK to be considered for this position. 
- Full background check will be carried out.