Senior Compliance Analyst

IT Camp | FinTech Recruitment & HR Consulting; Greater London; On-site; GBP 60,000 - 85,000; Full time

Benefits offered by this job

Holiday entitlement 25 days

Up to 5% pension

Life Assurance 4x salary

Job summary

PSI-Pay, a global payments company, is seeking a Senior Compliance Analyst to join its Second Line of Defence. Reporting to the Head of Compliance & MLRO, you will help ensure regulatory compliance, policies and procedures across the business.

You will conduct AML/CTF activity, advise first-line teams, oversee controls, monitor partners, and contribute to crypto-compliance efforts and regulatory interactions with the FCA and others.

Qualifications

• At least two years' experience in a Compliance or similar role in regulated financial services.
• Good knowledge of financial crime regulations and industry standards.
• Working knowledge of crypto-related rules and regulations.
• Experience of second line activities such as monitoring, assurance or advisory work.
• Sound judgement and the ability to give clear, practical advice.
• Excellent communication and stakeholder management skills.

Responsibilities

• Carry out AML/CTF second line activity, including reviewing escalations, internal suspicious activity reports and due diligence, transaction monitoring and screening matters.
• Support the planning, delivery and reporting of the annual Compliance Monitoring Plan.
• Provide practical legal and regulatory advice and guidance to first line teams across the business.
• Provide oversight and assurance over first line controls and processes, identifying weaknesses and tracking remediation.
• Support the onboarding, due diligence and ongoing monitoring of Partners and Programme Managers.
• Help build and maintain PSI-Pay's crypto-related compliance framework, including relevant policies, procedures, risk assessments and controls.
• Support regulatory interactions, including periodic reporting, notifications and ad hoc queries to the FCA and other bodies.
• Support the development of policies, procedures, training materials and compliance MI.
• Other ad hoc tasks as the role demands

Skills

AML/CTF

Regulatory knowledge

Second line compliance

Stakeholder management

Communication skills

Job description

PSI-Pay has been in operation since 2007, providing payment solutions to businesses globally. We are driven by a teamof industry professionals with extensive, global experience in banking and alternative payments. PSI Group has 3 main products which it offers to its customers:

• Personal e-wallet account with prepaid cards and IBAN/sort code for individuals
• Corporate e-wallet account with debit cards and IBAN/sort code for SMEs, affiliates and merchants
• BIN Sponsorship programmes across Mastercard and VISA for both regulated and non-regulated businesses

What you’ll do

An exciting opportunity has arisen in the Compliance team of our niche financial services company. The Senior Compliance Analyst sits in the Second Line of Defence and reports directly to the Head of Compliance & MLRO. You will be part of a small team responsible for ensuring PSI-Pay meets its external regulatory requirements and internal policies and procedures. The role offers broad exposure across the full range of second line compliance activity.

Key roles and responsibilities will include, but not be restricted to:

• Financial crime : Carry out AML/CTF second line activity, including reviewing escalations, internal suspicious activity reports and due diligence, transaction monitoring and screening matters, and making decisions and recommendations
• Compliance monitoring : Support the planning, delivery and reporting of the annual Compliance Monitoring Plan
• Advisory : Provide practical legal and regulatory advice and guidance to first line teams across the business
• Oversight and assurance : Provide oversight and assurance over first line controls and processes, identifying weaknesses and tracking remediation
• Partners and Programme Managers : Support the onboarding, due diligence and ongoing monitoring of Partners and Programme Managers
• Crypto : Help build and maintain PSI-Pay's crypto-related compliance framework, including relevant policies, procedures, risk assessments and controls
• Support regulatory interactions, including periodic reporting, notifications and ad hoc queries to the Financial Conduct Authority and other bodies
• Support the development of policies, procedures, training materials and compliance MI
• Other ad hoc tasks as the role demands

What you need to have

• At least two years' experience in a Compliance or similar role in regulated financial services
• Good knowledge of financial crime regulations and industry standards
• Working knowledge of crypto-related rules and regulations
• Experience of second line activities such as monitoring, assurance or advisory work
• Sound judgement and the ability to give clear, practical advice
• Excellent communication and stakeholder management skills

What would be nice to have

• AML/CTF related qualification from a recognised body such as the International Compliance Association or ACAMS
• Experience in the Fintech, e-money, prepaid and/or payments industry
• Knowledge of electronic wallets, payments or BIN Sponsorship products, or of the Mastercard and/or VISA schemes
• Experience of third party or partner oversight
• Knowledge of MLRs, EMRs, PSRs, Consumer Duty and GDPR

What we offer

• Holiday entitlement of 25 days, plus bank holidays
• Up to 5% pension contribution
• Life Assurance 4x salary

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