Compliance Analyst

Flagstone; London; Hybrid; GBP 40,000 - 80,000; Full time

Job description

What is Flagstone?

Flagstone is many things. An online savings platform, reinventing how individuals, businesses, and charities manage, protect, and grow their cash. A diverse group of people, bound by a collaborative spirit, and shared purpose. And lastly, a thriving, profitable business – where smart people do their best work.

Each definition shares a common thread: our unique culture. It's our pride and joy. And our competitive advantage.

A feel for our culture:

To revolutionise the savings market, we need to be at our best. But high performance takes more than talent – it takes a culture of kindness, respect, and growth.

That's why we're building a diverse, inclusive community, where your voice is heard and valued. Where, with close support and room to develop, you can surpass even your own expectations. And be rewarded for it.

We may not change the world, but we can change the world of financial technology. And all it takes is a winning mix of drive, talent, and empathy. Our culture celebrates all three.

But enough about us. Let's talk about you.

Does this sound like you?

You're a Compliance and FinCrime Analyst, with an investigative mindset and strong attention to detail, who's excited to forge a new way to save.

What you'll do:

As a Compliance Analyst in our Second Line of Defence AML Compliance Team, you will support the MLRO and AML Function in executing the Compliance and AML strategy at Flagstone Group, providing day to day operational management of the AML function in accordance with the Three Lines of Defence (3LOD).

1. Policy Management: Supporting the design and development of policies and procedures for AML, financial crime and fraud risk management.
2. Approvals: Working with the Senior AML Analyst to review and approve Politically Exposed Person (PEP) exposures and high-risk accounts.
3. Management Information (MI): Drafting of regular MI for Risk Committee, Board Papers and AML Team MI.
4. Reporting: Supporting External reporting, which may include the drafting and submitting Suspicious Activity Reports, Sanctions or Financial Crime reports to the National Crime Agency (NCA), HMRC, Office of Financial Sanctions Implementation (OFSI), Financial Conduct Authority (FCA) or Payments Services Regulator (PSR).
5. Alert handling: Supporting the review and escalation of Customer Screening Alerts and Transaction Monitoring alerts.
6. Horizon scanning: Tracking and keeping colleagues informed of legal and regulatory changes, ensuring staff understand their compliance obligations.
7. Liaising with stakeholders: Representing Flagstone to internal and external stakeholders.
8. Training: Supporting the preparation and delivery of AML, FinCrime and Fraud related training.
9. Audits: Supporting the MLRO during internal and external reviews of the AML Framework.
10. Risk Assessment: Supporting the development and ongoing review of the Enterprise-Wide Risk Assessment and AML and FinCrime Risk and Control Assessment.
11. ID&V: Supporting the development of identification and verification standards for customer onboarding.
12. CDD: Supporting the development of risk-based standards for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
13. Advice: Providing expertise and advice on AML and financial crime-related matters as part of new product launch, incident management and AML business as usual activity.

What you'll bring:

1. A deep understanding of AML and sanctions regulations and best practice, including the FCA regulatory requirements, Money Laundering Regulations, JMLSG, Wolfsberg, FATF, Transparency International, OFSI and Payment Services Regulations.
2. Strong understanding of CDD and Know Your Customer (KYC) requirements for multiple client types, including Trusts, SIPPs/SSAS, Corporates and Individuals, with 3+ years experience in Compliance.
3. Proven, hands-on experience of developing policies and implementing frameworks in Compliance roles, ideally in the Fintech sector.
4. Proficiency in relevant AML and KYC software and systems.
5. Excellent analytical and investigative skills.

How we reward you:

1. Hybrid working - Spend at least 1 day a week with your team in our collaborative London office.
2. Competitive bonus scheme - designed to reward and recognise high performance.
3. Flexible benefits budget - a pot to fund meaningful benefits for you, whether it's hormone or fertility testing, cancer screening, neuro-diversity coaching or something that matters for you.
4. A range of salary sacrifice options to help you make tax efficient savings on electric cars, nursery schemes, home and tech goods.
5. Around the World scheme - 3 months work from anywhere scheme.
6. Mental wellbeing support – Access therapy and mental health sessions through Spill.
7. Learning and development – £1,000 personal development budget to help you grow in your role.
8. Private health care - Enjoy all the benefits AXA has to offer, including reduced gym memberships and medical history disregarded.
9. Medical cash plan - To help you with the costs of dental and optical expenses.
10. Life insurance and Income Protection- four times your annual salary for peace of mind.
11. Matched pension contributions up to 5%.
12. 25 days holiday - plus bank holidays, well-being days and volunteering days.
13. Enhanced Parental Leave – enhanced maternity, paternity and adoption pay.

All are welcome.

At Flagstone, we're assembling a diverse team that defies our industry's norms. Think this role could suit you? We encourage you to apply, no matter your background.