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- 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.
- 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.
- 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!
