Junior Compliance Officer (SO2)
Description
Role Overview:
The Junior AML Compliance Officer will support the AML Compliance team in ensuring that SendFX meets its regulatory obligations related to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). This role involves monitoring, reviewing, and reporting suspicious activities, conducting due diligence, and assisting in the development and implementation of compliance policies and procedures.
Key Responsibilities:
1. Transaction Monitoring and Reporting:
- Monitor transactions for suspicious activities using the company's AML software.
- Investigate and report suspicious activities to the MLRO.
- Assist in the preparation of Suspicious Activity Reports (SARs) for submission to relevant authorities.
2. Customer Due Diligence (CDD):
- Conduct initial and ongoing CDD/KYC (Know Your Customer) checks for new and existing clients.
- Verify customer identities and maintain accurate records.
- Escalate higher-risk cases for Enhanced Due Diligence (EDD).
3. Policy and Procedure Development:
- Assist in the development, review, and implementation of AML/CTF policies and procedures.
- Ensure that all policies and procedures are up-to-date and in line with regulatory requirements.
4. Training and Awareness:
- Participate in the development and delivery of AML training programs for staff.
- Stay informed about changes in AML/CTF regulations and best practices.
5. Audit and Compliance Reviews:
- Support internal and external audits and regulatory reviews.
- Assist in the preparation of documentation and responses for audits.
6. Record Keeping and Reporting:
- Maintain accurate and up-to-date records of all AML/CTF-related activities.
- Prepare regular compliance reports for senior management.
Qualifications and Skills:
- Bachelor’s degree in Finance, Law, Business, or a related field.
- Some experience in AML compliance, financial services, or a related field is preferred but not essential.
- Strong analytical skills and attention to detail.
- Excellent written and verbal communication skills.
- Ability to work independently and as part of a team.
- Proficiency in using compliance software and Microsoft Office Suite.
- Strong ethical standards and integrity.
- Personal Attributes:
Proactive and self-motivated.
- Strong organisational and time management skills.
- Ability to handle sensitive and confidential information.
- Keen interest in regulatory compliance and financial crime prevention.