Compliance Associate

Ifx-Payments; City Of London; On-site; GBP 28,000 - 38,000; Full time

Benefits offered by this job

25 days annual leave

Life Insurance

Healthcare platform

Job summary

Ifx-Payments in London is seeking an entry-level Compliance Associate to support the Client Risk Oversight team with day-to-day 2LoD compliance activities, including KYC/CDD checks, screening reviews, and documentation.

You will work under guidance of the Compliance Specialist and senior CRO colleagues, building foundational AML/KYC knowledge while contributing to routine risk controls in onboarding and ongoing monitoring.

Qualifications

• 0–2 years experience in compliance, AML or related role.
• Willingness to learn AML/CTF, KYC/CDD and screening concepts.
• Familiarity with sanctions, PEP and adverse media screening concepts.
• Excellent attention to detail and accuracy in documentation.
• Strong written and verbal communication skills.
• Organised with ability to manage routine tasks to deadlines.
• Proficiency in MS Office and willingness to learn new compliance systems.

Responsibilities

• Carry out first-pass reviews of standard-risk KYC/CDD onboarding and periodic files.
• Check that client documentation is complete and in-date.
• Flag missing information or inconsistencies for assessment.
• Maintain accurate records of reviews and outcomes.
• Assist with QA checks on onboarding and periodic reviews.
• Log alerts reviewed and outcomes.

Skills

Compliance experience

AML knowledge

KYC/CDD basics

Sanctions/PEP knowledge

Attention to detail

Communication skills

Time management

Procedures & escalation

MS Office

Education

ICA/CAMS (desirable)

Tools

Screening tools

Job description

Compliance Associate

Department: Compliance

Employment Type: Permanent - Full Time

Location: London

Reporting To: Anthony Besford-Land

Description

Overview of the role

The Compliance Associate will support the Client Risk Oversight team in carrying out day-to-day Second Line of Defence compliance activity across IFX's client onboarding, ongoing monitoring, and financial crime control framework.

The role is focused on assisting with routine KYC/CDD checks, first-line quality assurance support, screening reviews, and the accurate recording and documentation of compliance activity. The Associate will help ensure that First Line of Defence work is captured, checked, and escalated in line with IFX's policies and procedures, working closely with and under the guidance of the Compliance Specialist and other senior members of the Client Risk Oversight team.

This position is designed as an entry point into financial crime compliance. It suits an individual who is either early in their compliance career or moving into compliance from a related operational or financial services role, and who is looking to build foundational AML/KYC knowledge and practical review experience within a 2LoD environment. The role does not carry independent case ownership, escalation authority, or exposure to high-risk client decision-making — these remain with the Compliance Specialist and senior CRO colleagues.

Key Responsibilities

Supporting KYC/CDD Checks

• Support the Compliance Specialist and CRO team by carrying out first-pass reviews of standard-risk KYC/CDD onboarding and periodic review files.
• Check that client documentation is complete, in date, and consistent with IFX's standard onboarding requirement.
• Flag missing information, inconsistencies, or anything outside standard parameters to the Compliance Specialist for further assessment.
• Maintain accurate, up-to-date records of files reviewed and outcomes.

Quality Assurance Support

• Assist with QA checks on straightforward, standard-risk 1LoD onboarding and periodic review files.
• Carry out basic completeness and consistency checks, including documentation checks and simple risk-classification comparisons.
• Record QA outcomes clearly using agreed templates, for review and sign-off by the Compliance Specialist.
• Help track agreed follow-up actions and remediation items to their assigned owners and deadlines.

Screening Support

• Carry out first-level review of routine sanctions, PEP, and adverse media screening alerts on standard-risk clients.
• Clear straightforward, low-risk ("true negative") matches in line with agreed procedures.
• Escalate any unclear, potential, or higher-risk matches to the Compliance Specialist for assessment and decision.
• Keep an accurate log of alerts reviewed and their outcomes.

Periodic Reviews – Intermediary (Fintech) Client Base

• Support the Compliance Specialist in undertaking periodic (ongoing) reviews of IFX's intermediary and fintech client base, in line with agreed review cycles.
• Check that client information, ownership/control details, and supporting documentation remain complete, current, and consistent with IFX's due diligence standards.
• Confirm that expected activity and use of IFX's services remain broadly consistent with the client's existing risk profile, escalating any material changes to the Compliance Specialist.
• Record periodic review outcomes clearly using agreed templates, flagging any changes in risk profile, ownership, or activity for further assessment.
• Support tracking of periodic review completion against agreed timelines and highlight any files at risk of falling overdue.

Issue Identification & Escalation

• Identify and note straightforward gaps, missing evidence, or procedural inconsistencies arising from file checks and QA activity.
• Escalate anything unclear, judgement-based, or potentially higher risk to the Compliance Specialist rather than resolving independently.
• Support the tracking of open issues and actions through to closure under supervision.

Reporting & Documentation

• Maintain accurate and well-organised records of reviews, QA checks, screening outcomes, and related compliance activity.
• Support the Compliance Specialist in preparing routine compliance activity logs and management information inputs.
• Ensure documentation is filed and evidenced in accordance with IFX's record-keeping standards.

Stakeholder Support

• Respond to routine, non-complex queries from First Line teams regarding standard KYC/onboarding requirements, referring anything complex or judgement-based to the Compliance Specialist.
• Build effective day-to-day working relationships with First Line teams while maintaining appropriate independence.
• Communicate clearly and professionally, escalating promptly where a query falls outside the Associate's scope.

Issue Identification & Escalation

• Identify and note straightforward gaps, missing evidence, or procedural inconsistencies arising from file checks and QA activity.
• Escalate anything unclear, judgement-based, or potentially higher risk to the Compliance Specialist rather than resolving independently.
• Support the tracking of open issues and actions through to closure under supervision.

Reporting & Documentation

• Maintain accurate and well-organised records of reviews, QA checks, screening outcomes, and related compliance activity.
• Support the Compliance Specialist in preparing routine compliance activity logs and management information inputs.
• Ensure documentation is filed and evidenced in accordance with IFX's record-keeping standards.

Stakeholder Support

• Respond to routine, non-complex queries from First Line teams regarding standard KYC/onboarding requirements, referring anything complex or judgement-based to the Compliance Specialist.
• Build effective day-to-day working relationships with First Line teams while maintaining appropriate independence.
• Communicate clearly and professionally, escalating promptly where a query falls outside the Associate's scope.

Skills, Knowledge and Expertise

Essential

• Some exposure to compliance, AML, KYC, or a related operational role within financial services (typically 0–2 years' experience), or a strong academic/transferable background with a genuine interest in financial crime compliance.
• Basic working knowledge of, or a clear willingness and ability to quickly learn:
• AML/CTF principles
• KYC/CDD requirements
• sanctions, PEP, and adverse media screening concepts
• Strong attention to detail and accuracy when reviewing documentation and data.
• Good written and verbal communication skills.
• Well organised, with the ability to manage a personal workload of routine, repeatable tasks to agreed deadlines.
• Comfortable following defined procedures and escalating matters that fall outside them.
• Proficiency in MS Office; comfortable learning new compliance systems.

Desirable

• Prior experience in a KYC, onboarding, or financial crime operations team.
• Studying towards, or interested in, a relevant professional qualification (e.g. ICA Certificate/Diploma in AML, CAMS).
• Familiarity with sanctions/PEP screening tools.
• Exposure to intermediary, fintech, PSP, or EMI client relationships.
• Exposure to a Second Line of Defence or QA/assurance environment.

Key Competencies

• Attention to detail.
• Accuracy and consistency in documentation.
• Clear written and verbal communication.
• Organisation and time management.
• Willingness to learn and develop technical knowledge.
• Sound judgement in knowing when to escalation.
• Collaboration and professionalism with stakeholders.
• Reliability in completing assigned tasks.

Benefits

We believe great people do their best work when they feel supported, rewarded, and empowered to grow. That’s why we offer a benefits package designed to support your career, wellbeing, finances, and life outside of work.

• 25 days’ annual leave, plus bank holidays
• An extra day off for your birthday
• Holiday loyalty scheme rewarding long-term service
• Work abroad scheme for added flexibility
• Competitive pension scheme via salary exchange
• Annual discretionary bonus scheme (eligible after probation)
• Financial education, planning & coaching platform
• Interest-free Season Ticket Loan for London travel
• Salary exchange nursery fee scheme
• Life Insurance
• Healthcare platform including:
• Cashback on dental, optical & physio
• Virtual GP access
• Mental health and stress support helplines
• Additional wellbeing resources
• Enhanced parental leave
• Cycle to work scheme
• Flexible benefits that support everyday life
• Career development and progression tools
• Opportunities to grow within a fast-scaling international business

From sporting events and pub nights to seasonal celebrations and socials, we make time to connect and celebrate together.

Diversity & Inclusion

We believe that diversity and inclusion are essential to our success. We are committed to fostering a culture where everyone feels valued and respected, regardless of their background, identity or experiences. By embracing diverse perspectives and promoting equity, we aim to create an environment where all employees can perform and reach their full potential.

What’s next?

• We will review your application and come back to you as soon as possible.
• You must be eligible to work in the UK to be considered for this position.
• Full background checks will be carried out on all successful candidates.