Compliance Associate

  • £24,000
  • London, England, United Kingdom
  • Permanent, Full time
  • World First UK Ltd
  • 13 Sep 17

Hello, we’re WorldFirst. We specialise in making international money transfer faster, simpler and cheaper for people and businesses with global ambitions. Our clients never stop. And neither do we. To support us on our journey we’re looking to hire a Compliance Associate.

The World First Compliance Team is looking for an associate to assist with the increasing workload as a result of our ever growing business.  This is an ideal role for an individual with an interest in Compliance and Anti-money Laundering to move to one of the most innovative and fastest growing foreign exchange companies in the UK.

The position will report to the Compliance Operations Team Leader and duties will include but will not be limited to:

  • Monitoring of initial and on-going Know Your Customer (KYC) requirements
  • Reviewing account activity through the transaction monitoring system and investigating any suspicious payments received
  • Building relationships with other WF teams and providing regulatory advice and guidance
  • Understanding changes in regulations and the impact on the business, and assisting with the development of internal processes
  • Risk based review of existing client accounts
  • Escalating any suspicious activity to the MLRO
  • Assisting with Compliance Investigations as appropriate
  • Support international Compliance Operations teams

Skills and experience required:

  • No prior experience is required but the candidate should have a basic understanding of the financial services environment and regulation.
  • Excellent communication skills - both written and verbal in English
  • An ability to understand legal and regulatory requirements and to apply them to business practices
  • Professional manner and excellent communication skills
  • Able to build effective relationships across the business
  • Logical working style and high attention to detail
  • Willingness to undertake further study and gain a Global Financial Compliance Award (CISI)

Remuneration:

  • Basic salary: £24,000 initially
  • Excellent benefits package including annual discretionary bonus, season ticket loan, company pension scheme and health cover
  • A fun working environment based in central London
  • Free breakfast, free massages, Friday beer fridge, tri-annual company parties, bi-annual team nights out, annual charity day and more!