Kyc Analyst

Monex Europe Ltd.; Madrid; Presencial; EUR 30.000 - 60.000; Jornada completa

Descripción de la vacante

An established industry player is seeking a Compliance Analyst to join its dynamic team. In this role, you'll maintain legal and regulatory compliance by researching requirements and performing AML checks on clients. You'll collaborate with various departments to ensure adherence to compliance policies while identifying potential risks. This position offers an exciting opportunity to contribute to a culture of growth and teamwork, where your insights will help shape the compliance landscape of the organization. If you thrive in a fast-paced environment and are passionate about compliance, this role is perfect for you!

Servicios

Health and Wellness Programs

Professional Development Opportunities

Team Collaboration Events

Supportive Work Culture

Formación

• Strong understanding of AML regulations and compliance requirements.
• Experience in conducting due diligence and risk assessments.

Responsabilidades

• Perform AML and due diligence checks on all clients using risk scoring.
• Support the Compliance Department in onboarding and financial crime matters.

Conocimientos

AML Regulations

Due Diligence

Risk Assessment

Communication Skills

Research Skills

Educación

ICA Certificate in AML/Financial Crime

Current membership of relevant professional body

Descripción del empleo

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

The Compliance Department is responsible for ensuring the firm operates in compliance with its regulatory obligations and has systems and controls for the prevention of financial crime.

Accordingly, the department is split into these three functions: regulatory compliance, financial crime team, and Senior Legal Advisor. The regulatory compliance function provides relevant advice to the business and undertakes arms-length monitoring, acting as a second line of defence unit. The financial crime team undertakes the due diligence process for all client onboarding and screening, monitors payments, and carries out periodic screening and KYC reviews. The Senior Legal Advisor provides legal leadership across the business by offering proactive, in-depth, business-focused advice and analyzing legal risk.

The Department seeks to educate the wider business about legal, regulatory, and financial crime risks and requirements. The Department recognizes the firm has grown rapidly, and therefore systems and controls may need to be developed concurrently with the business. While tactical solutions are deployed, the goal of the Department is to develop and implement scalable solutions that are not dependent on manual intervention.

Day-to-day tasks are derived from risk assessments, with more robust processes and procedures built around the highest risk activities. Documenting procedures is key to ensure individuals are not exposed to subjective decision-making. Financial crime prevention systems and controls must reflect the focus and challenge of the authorities and the high number of anti-money laundering and counter-terrorist financing external audits that the business faces.

While the Department seeks to understand the perspective of the business units who make up the first line of defence, the Department’s overriding responsibility is to ensure the firm avoids cultural failings and meets its regulatory obligations to avoid enforcement action, fines, and reputational damage to the firm and/or its employees and greater legal and regulatory scrutiny.

Job Overview

The Compliance Analyst maintains legal and regulatory compliance by researching and communicating requirements; stays up to date on AML regulations; resolves concerns and other issues that may arise and obtains approvals from senior members of the team, where necessary. To perform AML/Due diligence checks on all clients, using a risk scoring matrix to identify and mitigate high-risk factors. To collect, analyze, and summarize information and prepare informative reports.

The Compliance Analyst must onboard clients while adhering to the internal policies and procedures set out by Monex and identifying any potential risks to the business by following the escalation process stated in these policies.

The role acts to support the Compliance Dept in all areas of onboarding, AML/FC, as well as advising system developments and policy changes where applicable.

Key Responsibilities & Accountabilities:

1. Compliance Analyst for all Financial crime and AML related matters for the MEMSV;
2. Support the Deputy Head of Compliance in all areas of Financial crime and AML;
3. Liaise with front office staff where applicable and encourage an understanding of both individual and corporate client risk;
4. Investigate all positive alerts incl. PEP, sanctions, and adverse media and follow the escalation process if a positive match is identified;
5. Identify potential conflicts issues and escalate them to line manager;
6. Deal with CDD requirements;
7. Carry out risk assessments at client onboarding and when CDD records are updated. This includes screening of legal entities, controllers, UBOs to identify;
8. Conduct research on the source of wealth and funds of new clients;
9. Produce detailed reports with recommendations based on these findings;
10. Contribute to the continuing development, preparation, and maintenance of the compliance and financial crime policies and procedures, where necessary;
11. Respond to compliance questions and requests from other departments.

Compliance Culture:

1. Establish good working relationships with front office and all other departments so that Compliance is seen as an effective second line of defence providing a professional internal guidance and advisory service.

Compliance Training:

1. Assist in AML training to support staff and new joiners;
2. Ensure CPD/personal development is maintained.

Professional Qualifications:

1. ICA Certificate or equivalent in AML/Financial Crime (or equivalent) or a willingness to obtain this;
2. Current membership of relevant professional body (desirable);
3. Current CPD Log - 12 hours per calendar year.

Languages:

1. High standard of oral & written English is mandatory;
2. Native Spanish speaker.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

At Monex, we do our very best every day to ensure that we take good care of our people, as our biggest asset is our highly driven and focused Talent Culture.

We strive to continuously enable our people to develop their full potential by offering the necessary tools and support to empower our people to develop professionally and to take the next step in their career here at Monex.

Teamwork is a paramount part of our Talent Culture as we achieve more when we collaborate and all work together. We take pride in our familial culture with colleagues who are willing to go the extra mile for one another.

We foster a culture of Health and Wellness, encouraging our colleagues to pursue healthy habits and promoting healthy lifestyles.