Compliance Assistant (4 days in the office)

Compliance Professionals; City Of London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A financial institution in the City of London is seeking a Compliance Assistant to implement compliance monitoring plans and conduct due diligence. The ideal candidate must have AML/KYC experience, strong problem-solving skills, and will be required to work 4 days a week in the office. This role offers an opportunity to contribute significantly to the compliance function and support senior management in decision-making.

Qualifications

• Experience working in a compliance role within banking.
• Ability to work 4 days in the city office.
• Strong problem solving and multi-tasking capabilities.

Responsibilities

• Implement the annual AML risk assessment and compliance monitoring plan.
• Conduct due diligence on high-risk relationships.
• Support the CCO in investigations and reporting.
• Provide recommendations to the management team.
• Organize employee compliance training sessions.
• Maintain and update sanctions list and compliance registers.

Skills

AML /KYC experience

Problem solving skills

Communication skills

Interpersonal skills

Relationship building

Mandarin speaking

Job description

THE COMPANY:

We excited to be working with an International Wholesale Bank located in the City of London, who are looking for a Compliance Assistant to join the team.

THE RESPONSIBILITIES:

• In conjunction with the CCO, implement the annual AML risk assessment, compliance monitoring plan and perform the relevant quality assurance checks to ensure adherence of the branch to regulatory requirements.
• Conduct due diligence and EDD reviews on high-risk relationships. Support the CCO regarding suspicious activity reports (SARs) in investigation and reporting.
• Managing 4 eye checks on onboarding cases performed by Business Development team.
• Provide progress reports and recommendations to senior management on the suitability to continue to do business with customers, in conjunction with the Business Development team.
• Help compile reports for the management team and internal risk committees.
• Support the CCO and Compliance Manager in administering Compliance registers and other activities relevant to operation of the branch.
• Undertake and document periodic Compliance monitoring as well as ensure effective ongoing maintenance of relevant Compliance team registers.
• Organize employee Compliance training on compliance matters.
• In support of the CCO, oversee and monitor effective implementation of measures to mitigate sanction risk.
• Maintaining and updating sanctions list, advising staff of changes.
• Act as liaison contact for the Compliance team with Head Office, providing management reporting and dealing with ad-hoc requests, at all times keeping the CCO and Compliance Manager informed and seeking approval, as required.

EXPERIENCE REQUIRED:

• Must be able to work 4 days in the city office
• AML /KYC or compliance experience from a banking background
• Strong problem solving and multi-tasking skills
• Strong communication & interpersonal skills
• Able to build effective relationships across the business.
• Spoken and written Mandarin is desirable not essential

For further information please contact Hannah Tabatabai