Compliance Associate

Austin Fraser; Ipswich; On-site; GBP 32,000; Full time

Job description

Compliance Associate

• Annual Salary: Up to £32,000
• Location: Ipswich, UK
• Job Type: Full-time, Permanent

We are currently recruiting on behalf of a client for a Compliance Associate to join their dynamic team in Ipswich. This role is crucial for ensuring that the company operates in accordance with relevant UK laws, regulations, and internal policies, with a strong focus on Anti-Money Laundering (AML) activities, including Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. This position offers an excellent opportunity for career progression within a regulated environment.

Day-to-day of the role:

• Assist in the completion of AML activities, including screening and due diligence for existing and new corporate clients.
• Handle the recording and investigation of Suspicious Activity Reports, and report matters externally as required.
• Support ongoing monitoring of client transactions to detect potential suspicious activity.
• Perform screening of borrowers against sanctions lists, adverse media, and Politically Exposed Persons (PEP) databases.
• Prepare compliance-related management information for presentation to senior management, clients, and key stakeholders.
• Support the review and maintenance of compliance policies, processes, and procedures.
• Maintain and update compliance records, ensuring all documentation is accurate and up-to-date.
• Assist in compliance-related projects and prepare reports for internal and external audits.
• Ensure compliance with FCA regulations, AML laws, and internal policies.
• Escalate high-risk matters to senior compliance officers as necessary.
• Contribute to the continuous improvement of AML processes and procedures.

Required Skills & Qualifications:

• Knowledge of AML regulations and guidance, KYC/CDD requirements, and FCA guidance.
• Proficiency in Microsoft Office.
• A minimum of 3 years’ experience in a compliance or regulatory environment within the financial services industry.
• Ethical conduct, demonstrating high ethical standards and integrity.
• Excellent communication skills, able to tailor messages to different audiences.
• Strong problem-solving skills, with the ability to assess situations and propose practical solutions.
• Excellent organisation and time management skills, with a keen attention to detail.
• Ability to work to deadlines with competing priorities.
• Commitment to continuous learning and professional development.

Benefits:

• Competitive salary package.
• Opportunities for career advancement and professional growth.
• Supportive team environment.

To apply for the Compliance Associate position, please submit your CV and/or contact Sophie Clarke at Reed (Norwich) to learn more today!