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Compliance Analyst

La Fosse Associates are recruiting for a Compliance Analyst, for a Payments Business based in Cambridge.

The successful applicant will be part of the Compliance team, responsible for managing and mitigating the regulatory and financial crime compliance risks, validating that the company is meeting the regulatory requirements, complying with all the applicable laws and regulations required by each business area and for the products and services our business provides.

You will provide regulatory and AML Compliance advisory and oversight, perform control testing across the business including policy, process and operating procedures adherence and assessments of risks across the business.

You'll need to establish and build strong relationships within the business and make sure a culture of identifying, measuring, mitigating, and reporting compliance risks across our business, whilst remaining true to the entrepreneurial ethos of the Company.

You'll provide your internal stakeholders with business centric SME guidance and work with external stakeholders as required.

You'll be part of our Risk & Compliance team, reporting to the Compliance Manager.

Key Responsibilities:

  • Assisting in replying to all Regulatory Compliance, FCA guidance, AML & KYC queries from the business

  • Providing guidance to fist line on KYC, CDD and EDD processes and procedures

  • Remain current with industry developments and new FCA/AML rules/regulations

  • Identifying and addressing any gaps between existing processes and new regulatory requirements, assessing impact and prepare for implementation

  • Writing and updating policies and procedures

  • Assisting with annual reviews of high-risk customers

  • Managing and mitigating AML and regulatory risks to ensure all our products remain compliant

  • Conduct investigations into financial crime alerts, Politically Exposed Persons (PEPs), high risk customers, adverse media screening, sanctions violations and transactions monitoring alerts

  • Oversee and contribute to Compliance Framework ensuring the objectives, focus and scope of compliance monitoring remains valid

  • Undertake quality controls testing of key controls to ensure adherence to policies and risk appetite, performing Assurance activities including escalation to ensure deficiencies or control failures are fully remediated

  • Establish, maintain, and assist in carrying out effective compliance monitoring in accordance with the annual Compliance Plan

  • Assisting the Compliance Manager with high priority Compliance Projects.

  • Assisting in the preparation and submission of regulatory reporting and MI for the Audit and Risk Committee.

  • Assisting with regulatory audits

  • Investigate and respond to information and law enforcement requests

  • Carry out regular training activities to the first line and promoting the culture of compliance within the organisation

  • Assist the MLRO with any Suspicious Activity Reports (SARs) and external NCA reporting

Required Experience

· Previous experience as in a Compliance role within a Financial Services setting

· Excellent communication skills, written and oral

· Excellent analytical skills

· An eye for attention and detail

· Self-starter, motivated. Ability to develop and implement new processes

· Flexible approach, "able to think outside the box.

· Passionate about the benefits of a positive compliance culture

· Ability to work to deadlines and under pressure

· Comfortable presenting findings and making recommendations to senior management